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The United States Oil ETF hit a 52-week high amid escalating Middle East conflicts between the U.S., Iran, and regional proxies. Rising expectations of prolonged geopolitical tensions are supporting …
Enbridge agreed to acquire Tallgrass Energy's crude oil operations for $2.55 billion in cash, including a 75% stake in the Pony Express Pipeline connecting the Rockies to Cushing. The deal bolsters E…
Crude oil spiked above $100 per barrel after drone attacks shut down Saudi Arabia's East-West pipeline, risking 4% of global supply. Compounding the disruption, global refineries are operating at max…
Crude oil jumped as Saudi Arabia shut a 7 million bpd pipeline following intensified Houthi drone attacks and cancelled Strait of Hormuz talks. WTI surged 3.7% and Brent gained 4%. Conversely, gold d…
Diesel and crude futures pulled back after President Trump announced that Ukraine and Russia agreed to halt strikes on each other's energy infrastructure. The de-escalation eases geopolitical risk pr…
Crude oil has surged above $100 a barrel, gaining over 3.6% and threatening Canada's inflation outlook. Although August headline inflation held at 3%, analysts warn persistently elevated energy price…
Crude oil surged past $103 per barrel amid escalating Middle East war disruptions. Saudi Arabia closed its 7 million bpd East-West pipeline following attacks, while Persian Gulf tanker blockades pers…
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 jumped as Middle East conflict escalated. Houthi militants seized key territory near the Bab al-Mandeb Strait, while drone attacks on Saudi Arabia's East-West pipeline threatened critical …
MUFG Bank warns higher oil prices and tightening liquidity will pressure Asian energy-importing currencies, while commodity exporters may find relief as crude surges with Brent trading above $100 a b…
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…
Oil prices dropped over 2% as diplomatic efforts eased Strait of Hormuz supply concerns. Gold also slipped, while the US dollar rose 0.2% against the Canadian dollar to 1.3864, even as Canadian house…
WTI crude pulled back 2.37% after an IEA demand warning, but major supply risks persist. Escalating US-Iran conflict, Houthi disruptions in the Red Sea, and drone strikes on Russian infrastructure ha…
Energy stocks edged higher on Friday despite sharp declines in benchmark crude prices, with WTI dropping 2.4% to $100.05 and Brent declining 2.5% to $104.92. Meanwhile, reports highlighted potential …
Crude oil retreated over 2% toward $100 after Iran agreed to meet Gulf states regarding Strait of Hormuz shipping. Downward pressure was amplified by bearish IEA demand cuts and rising US production …
Surging crude oil prices driven by geopolitical conflict are fueling tailwinds across the energy sector. High prices near $95 per barrel enable producers to rapidly cut debt and triple free cash flow…
The IEA projects a 2.5 million barrel-per-day decline in oil demand this year due to the U.S.-Iran conflict, rivaling losses seen during the 2008–2009 financial crisis. Analysts warn that global dema…
WTI crude fell nearly 3% following warnings from the IEA that high prices and constrained supply will trigger the largest drop in global oil demand since the pandemic. A mostly bearish EIA report and…
U.S. diesel prices reached a record $6.0556 per gallon amid severe supply disruptions from the Middle East and Russia. Widening physical spreads indicate structural tightness ahead of winter rather t…
Oil prices gained as Iran-backed Houthi militants seized the Yemeni port of Mokha, heightening risks of supply disruptions around the Bab al-Mandeb Strait. The critical Red Sea chokepoint poses sever…