WTI lower after Israel sets Rafah offensive date

WTI lower after Israel sets Rafah offensive date

Israeli Defence Minister Yoav Gallant (L) visit the troops participating in Gaza Strip and made a situation assessment with the commanders in Rafah, Gaza on March 13, 2024. Ariel Hermoni | Anadolu | Getty Images Crude oil futures were lower Tuesday as Gaza ceasefire negotiations appeared to stall and Israel vowed to launch an offensive … Read more

WTI, Brent fall as market braces for Iran retaliation

WTI, Brent fall as market braces for Iran retaliation

Iranian attend the funeral procession for seven Islamic Revolutionary Guard Corps members killed in a strike in Syria, which Iran blamed on Israel, in Tehran on April 5, 2024.  Atta Kenare | Afp | Getty Images U.S. crude oil futures fell on Monday as the market waited for Iran to retaliate against Israel over a … Read more

CNBC Daily Open: What rate cut?

CNBC Daily Open: What rate cut?

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more

4 main events to watch the market

4 main events to watch the market

Wall Street bounced back Friday but still turned in a losing week. Questions about Federal Reserve interest rate cuts and rising geopolitical tensions dominated trade and will continue to be key themes to watch. Good jobs news — strong hiring last month with elevated but moderating wage inflation — was treated as such Friday. But … Read more

U.S. oil touches $87, on pace for weekly gain as Israel closes embassies over Iran threats

U.S. oil touches , on pace for weekly gain as Israel closes embassies over Iran threats

People walk past a graffiti, depicting a Houthi fighter stopping an Israeli ship off the coast of Yemen, painted on a wall of the Saudi embassy in Sanaa, Yemen February 15, 2024. Khaled Abdullah | Reuters Oil prices are on pace for a weekly gain as tensions boil in the Middle East with Israel closing … Read more

CNBC Daily Open: Risk aversion in vogue

CNBC Daily Open: Risk aversion in vogue

Oil production in Azerbaijan Vostok | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Weak quarterly kickoffJapan … Read more

Another late-day stock market selloff. Here’s what we think is going on

Another late-day stock market selloff. Here’s what we think is going on

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Trying to rebound: After a nice … Read more

U.S. crude oil hovers around $85 as traders take stock of rally

U.S. crude oil hovers around  as traders take stock of rally

A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on March 5, 2019. Bloomberg | Bloomberg | Getty Images Crude oil futures were flat Thursday, taking a breather as traders took stock of the market after prices advanced more than … Read more

WTI, Brent gain as market monitors OPEC+

WTI, Brent gain as market monitors OPEC+

A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. Image taken July 17, 2018.  Liz Hampton | Reuters Crude oil futures rose on Wednesday, adding to a recent streak of gains after an OPEC+ committee meeting ended without recommending changes to production policy. The West Texas Intermediate … Read more

Brent, WTI lower after strong first quarter

Brent, WTI lower after strong first quarter

An energy installation on a property leased to Devon Energy Production Company by the Catholic Archdiocese of Oklahoma City is seen near Guthrie, Oklahoma Nick Oxford | Reuters Crude oil futures ticked slightly lower Monday, taking a breather after a strong first quarter. The West Texas Intermediate contract for May delivery lost 33 cents, or … Read more