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Costco sharply raised prices and implemented purchase limits on motor oil due to Persian Gulf supply disruptions and soaring crude costs. Brent crude surged past $109 per barrel amid Middle East ship…
Brent crude climbed toward $106.5 per barrel amid escalating supply disruptions. Saudi Arabia's East-West pipeline remains shut after drone strikes, while rising tensions in the Strait of Hormuz—incl…
Crude oil rose toward $102 per barrel amid heightened supply threats. Saudi Arabia's East-West pipeline remains offline after drone attacks, while Iran reported a tanker explosion in the Strait of Ho…
Crude oil rose past $100 as WTI and Brent gained on reports of Iran downing a US drone near the Strait of Hormuz. Despite the commodity surge and geopolitical supply concerns, energy equities fell, w…
US stocks dropped as AI leaders called to slow model advancements, hitting chipmakers like Nvidia and AMD. Simultaneously, crude oil climbed past $100 per barrel after Iran downed a US drone over the…
Oil prices jumped as Brent surpassed $106 and WTI topped $101 following reports that Iran shot down a US drone over the Strait of Hormuz. Despite higher commodity prices, energy equities traded lower…
Brent crude surged near four-month highs after Saudi Arabia shut its vital East-West pipeline following drone strikes. Tensions escalated further as Strait of Hormuz vessel transits dropped sharply a…
Crude oil traded near $102 after hitting a four-month high as Saudi Arabia closed its key East-West pipeline following drone strikes. Strait of Hormuz tanker transits dropped to single digits, and sk…
Brent and WTI crude surged over 4% toward $110 after Iran claimed it destroyed a US drone over the Strait of Hormuz. Rising Middle East conflict risks and a precautionary shutdown of Saudi Arabia's E…
Global oil prices climbed above $108 per barrel following missile strikes on a Saudi Arabian pipeline threatening 4% of global supply. Combined with shipping disruptions in the Strait of Hormuz, dies…
Gold prices dropped to $4,332.50 per ounce pressured by higher-than-expected CPI inflation and imminent Federal Reserve rate hike expectations. Concurrently, crude oil prices are surging following we…
Americans have spent over $109 billion more on fuel since March following Strait of Hormuz disruptions that pushed WTI crude past $97 a barrel and diesel above $6 per gallon, adding roughly $730 mill…
AI leaders call for slowing advanced model development, cooling tech sentiment globally. Simultaneously, Middle East pipeline closures and postponed Strait of Hormuz talks pushed Brent above $108, wh…
Strait of Hormuz vessel transits collapsed and Saudi Arabia shut its vital East-West pipeline following drone attacks. The critical disruption to Middle East crude logistics triggered an immediate su…
Brent crude climbed past $108 and WTI topped $102 following a fatal vessel strike in the Strait of Hormuz and Saudi Arabia's East-West pipeline shutdown. Hormuz crude flows dropped to 7 million barre…
Oil prices climbed after Saudi Arabia shut down a critical crude pipeline following attacks, blocking an alternative route to bypass the Strait of Hormuz. Supply risk escalated further as planned dip…
Brent and WTI crude surged as Middle East conflict escalates around the Strait of Hormuz with dimming ceasefire prospects. Standard Chartered projects persistent price spikes and tight middle distill…
Crude oil surged near $110 per barrel amid escalating military confrontations in the Strait of Hormuz. Standard Chartered warns of prolonged volatility and upside price spikes, while Europe grapples …
Oil prices surged with WTI topping $102 as Middle East tensions escalated following Iran's closure of the Strait of Hormuz and Saudi pipeline shutdowns. The IEA expects supply disruptions into next y…
Crude oil jumped toward $103 a barrel after Saudi Arabia halted its 7 million barrel-per-day East-West pipeline following drone strikes. The shutdown disrupts a vital bypass around the Strait of Horm…