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
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
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
