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Crude oil benchmarks WTI and Brent surged over 6% above $100 per barrel following reports that Iran-aligned Houthi forces seized Yemen's port city of Mocha, escalating threats to vital Red Sea and Ba…
WTI and Brent crude surged over 6% above $100 per barrel as Houthi forces seized Yemen's port city of Mocha, escalating shipping threats around the Red Sea. Meanwhile, OPEC lowered its 2026 demand gr…
OPEC cut its 2026 global oil demand forecast from 580,000 to 380,000 barrels per day, citing demand destruction from elevated fuel prices. Although WTI and Brent breached $100 per barrel amid US-Iran…
Energy stocks and crude oil pushed sharply higher premarket Thursday. WTI crude gained 3.9% to near $100 per barrel, while Brent jumped 3.6% above $104. The broader energy sector rose, lifted by rall…
Ryanair CEO Michael O'Leary warned airfares may spike as Brent crude trades above $100 per barrel due to Middle East tensions. Skyrocketing jet fuel costs caused Ryanair's quarterly profit to slump 3…
Crude oil surged past $97 per barrel as military strikes between the US and Iran hit tankers near Kharg Island. Persistent Middle East supply disruption fears, coupled with rising Chinese imports and…
Goldman Sachs warns crude could exceed $120 a barrel as Middle East fighting and Persian Gulf shipping disruptions escalate. Surging fuel costs have imposed a $100 billion hit on US consumers, sendin…
Crude oil edged lower on Friday but remained on track for 7–10% weekly gains amid escalating military clashes between the U.S. and Iran near the Strait of Hormuz. Falling U.S. crude inventories and e…
Strait of Hormuz transit disruptions and conflicting flow data drive tanker rates to record highs. Fleets are actively avoiding Persian Gulf waters, severely choking crude supply routes and driving u…
US energy firms, including Chevron, signed multibillion-dollar deals with Venezuela to ramp up oil production following an agreement granting the US access to massive crude reserves. The deals aim to…
Surging crude oil prices toward $90 per barrel and rising Treasury yields sparked market-wide inflation fears. Discretionary retail stocks dropped sharply as geopolitical disruptions near the Strait …
US crude oil inventories surged by 4.2 million barrels, surpassing expectations of a 1.9 million-barrel build. With domestic crude production climbing to 13.83 million bpd and Cushing stockpiles risi…
Energy stocks and crude oil tumbled on Tuesday, with WTI dropping 3.2% to $82.28 and Brent sinking 4% to $88.53 amid geopolitical developments surrounding Iran sanctions. Major energy indices and Eur…
WTI crude oil dropped over 3% to settle at $82.36 per barrel as tightening U.S. sanctions increased expectations of negotiations with Iran. Concurrently, talks between Iran and Oman regarding a safe …
Energy stocks and crude benchmarks dropped sharply on Tuesday, with WTI falling 3.2% to $82.32 and Brent tumbling 4% to $88.49. Sector sentiment weakened amid broader geopolitical friction involving …
Crude oil prices dropped sharply, with Brent (UKOIL) tumbling 3.25% and WTI (USOIL) declining 1.81%, reflecting strong immediate selling pressure in the energy markets.
Crude oil markets face strong selling pressure as Brent drops 3.25% and WTI falls 1.80%.
Energy stocks dropped Monday afternoon alongside falling crude prices, with WTI and Brent down roughly 2%. ExxonMobil declined 1.4% despite announcing plans to expand automated drilling in the Permia…
SLB plans to reactivate up to 15 drilling rigs in Venezuela within a year, aiming to boost crude output. While ExxonMobil remains cautious due to investment protection concerns, increased drilling ca…
Peter Thiel acquired a $76 million stake in Argentina's Vista Energy as Vaca Muerta crude output reached record highs of 887,227 bpd. Surging shale production and heavy supermajor investment position…