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Escalating attacks by Houthis and Iran-backed groups have shut Saudi Arabia's crucial East-West pipeline for several weeks. With Saudi oil output already at multi-decade lows and critical export rout…
Gold prices gained as crude oil retreated and Treasury yields softened ahead of the Federal Reserve's upcoming rate decision. A modest drop in oil prices eased near-term inflation worries, though mar…
Oil prices retreated as a 7.1 million barrel rise in U.S. crude inventories eased immediate supply fears. The pullback follows an overbought rally, though persistent Middle East supply risks and Red …
Crude oil prices and energy stocks surged following escalated Middle East conflicts, including Houthi attacks on Saudi Arabia and Iran downing US drones. WTI jumped nearly 5% to $106.34 and Brent gai…
Crude futures reached four-month highs, with WTI jumping 4.4% to $105.83 per barrel. Gains were driven by escalating supply concerns following an outage in Saudi Arabia's Red Sea pipeline, a key bypa…
Crude oil surged with Brent above $106 after Saudi Arabia closed its critical East-West pipeline following drone attacks amid the Iran conflict. While Donald Trump claimed prices will plunge once fig…
WTI crude surged to a near 4-month high after Saudi Arabia halted its key 7 million bpd East-West pipeline following Houthi attacks. Escalating Middle East conflict and severe Russian refinery damage…
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…
WTI crude fell 2.4% on Friday after the IEA warned that elevated prices and tight supply will trigger the biggest drop in global demand since the pandemic. Meanwhile, firmer US core CPI bolstered Fed…
WTI crude fell 2.37% after the IEA warned of demand destruction from elevated prices. However, the agency widened its global oil deficit forecast to 1.7 million bpd as escalating US-Iran conflict, Sa…
U.S. diesel prices hit record highs above $6 per gallon, forcing independent truckers to sideline rigs. Meanwhile, WTI crude retreats nearly 3% following an eight-session winning streak amid lingerin…
WTI crude slid over 2% after the IEA warned that high prices will trigger the largest drop in oil demand since the pandemic. Meanwhile, US CPI data raised odds for a Federal Reserve rate hike, while …
WTI crude slipped 1.4% to $101.02 but remains on track for a 10% weekly gain. Despite an intraday pullback and upcoming diplomatic talks regarding Strait of Hormuz shipping, escalating threats to Sau…
Commerzbank rates strategists maintain a cautious stance on bond duration as yields struggle to range-bind. The bank notes that crude oil prices remain under persistent pressure alongside a laissez-f…
American Eagle shares plunged 15.4% despite beating Q2 earnings, weighed down by rising inflation and retail headwinds. Brent and WTI crude surged above $100 following tanker strikes near the Strait …
ExxonMobil commands a valuation premium at 9.16x EV/EBITDA, supported by elevated WTI crude prices above $95. Strong low-cost upstream production across the Permian and Guyana, combined with a health…
WTI crude surged over 6% to a 3.5-month high, driven by geopolitical tensions. The oil rally is rippling into agricultural markets, lifting sugar prices as higher energy costs incentivize mills to di…
Memory chipmakers slid as surging Treasury yields and WTI crude crossing $100 per barrel overshadowed JPMorgan's bullish call. Macro headwinds from higher energy costs and rising rate-hike expectatio…
WTI crude surged nearly 6% to a 3.5-month high driven by an intensifying US-Iran conflict, Houthi strikes on Saudi refineries, and Russian output disruptions. Deepening global supply deficits severel…
Sugar prices rallied as WTI crude surged over 5% to a 3.5-month high, incentivizing mills to divert cane crushing toward ethanol production. Expanding global sugar deficits and weather-related supply…