Market context
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WTI crude pulled back 2.4% to settle at $100.05 a barrel, securing a 9.4% weekly gain. The daily dip reflects profit-taking and IEA demand concerns, but escalating Middle East tensions and Houthi str…
Crude oil rose above $90.50 per barrel, hitting a six-week high amid escalating military clashes between the US and Iran. Growing threats of Middle East supply disruptions and reduced tanker traffic …
Evercore ISI analysis suggests Chinese oil imports act as a major shock absorber capping global crude price spikes. Higher import flows into storage help moderate supply tightness, putting a downward…
Crude oil traded above $90 a barrel as escalating Middle East hostilities, including US strikes on Iran and retaliatory attacks near the Strait of Hormuz, heightened supply disruption risks despite r…
Crude oil tumbled over 3% below $83 per barrel amid intensified US sanctions targeting Iran and its trade partners. Despite persistent shipping attacks in the Red Sea and near Oman, market uncertaint…
Oil prices dipped over 1.5% as markets await fresh U.S. sanctions on Iran. Analysts expect the upcoming measures to further restrict global crude supplies, potentially reversing intraday losses follo…
Surging U.S. Treasury yields reflect persistent inflation concerns driven by Middle East tensions and Red Sea disruptions boosting energy prices. Despite weaker economic data, heavy government debt i…
The US Strategic Petroleum Reserve has dropped to a 40-year low not seen since the Reagan administration, raising concerns over emergency supply buffers and signaling potential future government crud…
Crude oil traded flat around $82 as steady Persian Gulf oil flows through the Strait of Hormuz offset geopolitical friction between the US, Iran, and Oman.
Oil prices are expected to remain elevated due to geopolitical tensions and risks of an extended Iran conflict, which is also boosting the Norwegian krone amid potential Norges Bank rate hikes.
The market displays a divergence between oil benchmarks, with WTI showing slight gains while Brent crude experiences downward pressure, reflecting localized supply-demand imbalances.
Oil market data shows minimal price movement with WTI and Brent crude futures remaining relatively flat. The absence of significant volume or directional catalysts suggests a period of consolidation …