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
Seagrass on the beach frames an offshore gas rig at dusk on May 10, 2024, near Fort Morgan, AL. J. David Ake | Getty Images U.S. crude oil futures on Tuesday fell to the lowest levels since early June as worries about China’s economy overshadow a new round of escalation in the Middle East. “Macroeconomic … Read more
Smoke billows following an Israeli airstrike in the southern Lebanese border village of Chihine on July 28, 2024. Kawnat Haju | Afp | Getty Images Crude oil futures fell on Monday as traders appeared unfazed by the risk of widening war between Israel and the Iran-backed militia Hezbollah. A rocket fired from Lebanon killed 12 … Read more
Oil pumpjacks operate in Los Angeles, California, July 31, 2023. Mario Tama | Getty Images U.S. crude on Friday was on pace for a third weekly decline as worries about demand in China outweigh strong economic growth U.S. U.S. oil is down 2.7% this week, while Brent is 0.84% lower. The U.S. economy grew at … 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 Crude oil futures fell nearly 1% on Thursday as concerns about the health of China’s economy grow after the country’s central bank cut rates twice in a week. The People’s … Read more
An oil pump jack is shown in a field in Stanton, Texas, on June 27, 2024. Brandon Bell | Getty Images News | Getty Images U.S. crude oil futures rebounded more than 1% on Wednesday, breaking a three-day losing streak as an industry report pointed to falling U.S. crude inventories and as wildfires in Canada … 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 Crude oil futures on Tuesday dropped to the lowest level in more than a month, as the market has largely ignored recent tit-for-tat strikes between Israel and Houthi militants in … Read more
