Market context
Follow the story. See which markets it affects. Explore the context.
Energy equities slipped late Friday with the XLE dropping 0.9%, even as crude oil benchmarks posted slight gains. Front-month WTI crude edged up 0.1% to $91.40 per barrel, while Brent gained 0.7% to …
WTI crude oil surged to a six-week high following tanker attacks in the Strait of Hormuz and intensifying US-Iran military conflicts. Escalating drone strikes on Russian energy infrastructure and an …
Goldman Sachs doubled its profit forecast for global refiners, citing record-high refining margins driven by a severe diesel shortage. This scarcity results from refinery outages in the Middle East a…
Bearish factors for WTI crude oil, including rising supplies from the Middle East and a strengthening dollar, outweigh bullish concerns like geopolitical tensions and potential OPEC supply constraint…
WTI crude oil prices face downward pressure from a strengthening dollar, rising Persian Gulf supplies, and potential higher OPEC+ production. However, geopolitical tensions in the Middle East and ong…
Brent crude slipped toward $88 on reports of recovering Persian Gulf exports, easing supply concerns despite Middle East tensions. Goldman Sachs noted exports are at two-thirds of pre-war levels, whi…
Crude oil fell below $83 a barrel, extending weekly losses to 5%. Increased Persian Gulf exports and geopolitical uncertainty, including Iran's stance on the Strait of Hormuz and the US position, are…
Venezuela may leave OPEC, potentially opening its vast oil reserves to U.S. companies. Chevron is best positioned for this opportunity, already having a head start and existing operations. Exxon Mobi…
Middle East sour crude differentials slipped, but buying interest emerged for Omani crude. Cash Dubai and Oman premiums fell, while Murban rose. Mercuria bid for Oman crude, reflecting mixed regional…
Crude oil futures are expected to remain range-bound. Easing Middle East tensions and progress in negotiations between Iran and Oman reduce supply disruption risks, leading to a sideways market trend.
WTI crude settled mixed but fell slightly to a 1.5-week low, pressured by easing Middle East tensions and discussions to resume shipping through the Strait of Hormuz. However, a bullish EIA report sh…
WTI Crude Oil remains largely stable as U.S. Treasury yields decline and Federal Reserve rate hike expectations ease. Tensions in the Middle East provide underlying support, balancing the market.
Oil prices remain elevated, with Brent near $89 and WTI near $83, as escalating geopolitical tensions in the Middle East and Russia-Ukraine conflict disrupt supply routes and threaten Hormuz passage,…
Oil prices face downward pressure from rising US inventories but receive underlying support from geopolitical tensions in the Strait of Hormuz and Ukrainian attacks on Russian energy infrastructure. …
Brent crude rose above $89 on US-Iran tensions regarding the Strait of Hormuz, despite conflicting reports on a deal. However, a significant 9.1 million barrel build in US crude inventories capped ga…
Oil traders are ignoring significant supply risks and literal destruction of production amid escalating Middle East tensions. Rising threats to tanker traffic in the Strait of Hormuz and Red Sea, alo…
Energy traders, particularly in crude oil ETFs like USO, have successfully timed the market since the 2024 election and the onset of the Iran war, outperforming the underlying funds and the broader S…
Oil prices dipped below $100 after recent highs but geopolitical tensions between the U.S. and Iran suggest energy markets will stay elevated.