U.S. crude oil prices traded close to a three-week high Tuesday, after rallying on Monday in anticipation of an attack by Iran against Israel that could play havoc with Mideast production and transportation. “The oil market’s concern is that a broader conflict between Israel and Iran could cause oil supply disruptions in and around the … Read more
U.S. crude oil topped $77 per barrel on Monday, rising for the fifth day as the Pentagon dispatched more forces to the Middle East in anticipation of an Iranian attack on Israel. Defense Secretary Lloyd Austin ordered a carrier strike group, including F-35 warplanes, to accelerate its deployment to the region. Austin also ordered a … Read more
A truck carrying natural gas enters the Gaza Strip via the Rafah crossing with Egypt, hours after the start of a four-day truce in battles between Israel and Palestinian Hamas militants, on November 24, 2023. Said Khatib | AFP | Getty Images U.S. crude oil is on pace for a more than 4% gain for … Read more
Passengers wait for their flights at Ben Gurion airport near Tel Aviv on August 6, 2024, amid regional tensions during the ongoing war between Israel and the Palestinian Hamas movement in the Gaza Strip. Gil Cohen-magen | Afp | Getty Images U.S. crude oil futures rose Thursday for the third straight day to trade above … Read more
U.S. crude oil futures staged a comeback Wednesday after the stock market snapped a three-day losing streak. Stock futures rose Wednesday morning after the S&P 500 closed 1% higher and the Dow Jones Industrial Average gained nearly 300 points in the previous session. The two indices booked their worst day since 2022 on Monday as … Read more
U.S. crude oil rose above $73 a barrel on Tuesday as the market braces for an attack by Iran against Israel and Wall Street rallies after the sell-off in the previous session. West Texas Intermediate closed at a six-month low on Monday after equity markets sold off on fears that the U.S. economy might tip … Read more
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets were also higher. Japan’s Nikkei 225 — which saw its largest loss in … Read more
A view of storage tanks and pipelines at the Shell Carson Distribution Complex, a distribution hub for petroleum products, in Carson, California, on March 11, 2022. Bing Guan | Reuters U.S. crude oil futures tumbled to a six-month low on Monday as equity markets sold off on fears the economy might be teetering on the … Read more
U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the assassination of a Hamas leader in Tehran. Iran Supreme Ayatollah Ali Khamenei has ordered a direct strike on Israel in response to the assassination of Hamas political leader Ismail Haniyeh, three … Read more
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran’s claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September … Read more
