Market context
Follow the story. See which markets it affects. Explore the context.
Crude oil held above $90 per barrel amid escalating Middle East tensions and US strikes near the Strait of Hormuz. Support was further bolstered by official US data showing a sharp 4.5 million barrel…
Crude oil prices and energy stocks advanced following escalated geopolitical conflict in the Middle East, tanker explosions, and a massive 4.5-million-barrel drop in US commercial crude inventories.
US crude oil inventories plunged by 4.45 million barrels in late August, marking the first decline in five weeks and significantly exceeding expectations for a 1.1 million-barrel draw.
Brent crude dipped toward $92 as increased supply flows through the Strait of Hormuz and weak Chinese demand offset geopolitical tensions. Despite tightening US inventories, market sentiment remains …
Brent crude fell 2% to $105.63/barrel amid Fed rate hike concerns and Trump-Xi Beijing summit uncertainty. U.S. crude stocks dropped 4.3M barrels, beating expectations, but geopolitical tensions with…