Crude oil
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Iran claims one of its oil tankers was attacked by U.S. missiles near Kharg Island, causing international crude oil futures to extend gains during trading. WTI crude rose over 2% to approach $94, and Brent crude neared $99.
According to CCTV News, citing Iranian sources, an Iranian oil tanker was attacked by US missiles approximately 4 miles off Iran's Kharg Island on Tuesday evening, September 8, local time. There were
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US Treasury Secretary Scott Bessent will announce the amount of long-term debt buybacks this week to stabilize government bond yields.
U.S. Treasury Secretary Scott Bessent will announce the specific amount of long-term government debt buybacks this week, a move aimed at stabilizing government bond yields. This comes after crude oil
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OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
OPEC's crude oil output declined in August, ending a two-month recovery, as conflict threatened Saudi export routes, a Bloomberg survey showed.
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**UNCTAD Warns: Disruption in Strait of Hormuz Hitting SMEs Hardest, Threatening to Expel Them from Global Supply Chains**
The United Nations Conference on Trade and Development (UNCTAD) stated on Tuesday that ongoing disruptions in the Strait of Hormuz could lead to small and medium-sized enterprises (SMEs) being squeeze
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U.S.-Iran conflict continues, Dow futures drop nearly 400 points in pre-market trading on Tuesday, Brent crude jumps again, nearing $100/barrel.
U.S.-Iran conflict continues, Dow futures drop nearly 400 points in pre-market trading on Tuesday, Brent crude jumps again, nearing $100/barrel.
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Emerging market rally pauses as crude oil prices approach $100.
Emerging market currencies and stocks paused their rally after oil prices approached the $100 mark.
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Goldman Sachs raises oil price forecast, citing Strait of Hormuz hostilities, crude prices could reach $120/barrel.
Goldman Sachs analysts have shifted their oil price outlook from a downgrade to an upgrade within three months. The previous downgrade was due to a memorandum of understanding between the US and Iran,
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US equity futures and Treasuries weaken, Brent crude approaches $100.
U.S. equity futures and Treasuries weakened in early European trading, weighed down by rising oil prices impacting market sentiment. Brent crude prices approached the $100 mark, following the Japanese
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Houthi attacks on multiple Saudi energy facilities disrupt operations, Brent crude rises 1.65% intraday, nearing $100 mark.
Yemen's Houthi rebels launched attacks on September 8 against multiple cities in southern Saudi Arabia, including Abha, Khamis Mushait, Najran, and Jizan. These attacks resulted in fires at several en
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China's integrated circuit exports surged by 129.83% year-on-year in August, while crude oil imports increased by 6.2% month-on-month.
China's integrated circuit exports surged by 129.83% year-on-year in August, while crude oil imports increased by 6.2% month-on-month.
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Escalation of the US-Iran conflict has disrupted traffic in the Strait of Hormuz, sending oil prices soaring to a six-week high, with Brent crude futures rising to $97/barrel on Monday.
According to Al Jazeera, escalating attacks between the US and Iran in the Strait of Hormuz have disrupted traffic in the critical waterway. Global benchmark Brent crude futures rose to around $97 per
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OPEC+ maintains October production quotas, shifts strategic focus to 2027 capacity cap allocation
OPEC+ decided on September 6 to maintain October production quotas, in line with market expectations, marking the completion of the gradual exit from the voluntary production cut agreement initiated i
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Oil prices rose to a six-week high on Monday after exchanges of fire between the US and Iran and an attack on Saudi Aramco facilities.
Brent crude futures rose 1.3% to $97.52 a barrel on Monday, after touching $97.93 a barrel earlier in the session, their highest since July 23. U.S. WTI crude futures rose 1.3% to $92.68 a barrel, bri
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Iraq struggles to find crude buyers in the Persian Gulf this month due to significant price hikes.
Iraq's State Organization for Marketing of Oil (SOMO) last week cut crude discounts, leading to higher prices. This follows Iraq's strategy several months ago to lower prices in response to high shipp
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Saudi Aramco's Jizan facility hit by new round of attacks.
Saudi Aramco's Jizan facility, located near the Saudi-Yemen border, has been hit by a new round of attacks, according to the Financial Times. Houthi rebels have previously targeted Jizan multiple time
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China's Oil Demand Revival Spurs Price Spikes for African, Canadian and Latin American Crudes
A rebound in Chinese oil buying is driving up prices for African, Canadian and Latin American crudes, as disruptions in the Strait of Hormuz lead refiners to seek alternatives farther afield.
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Vanda Insights Founder Hari Says Oil Prices to Keep Grinding Higher Amid US-Iran Escalation Around Strait of Hormuz
Hari noted that crude futures are not fully reflecting the physical market tightness, pointing to diesel prices near $200 a barrel in Atlantic markets and warning of further scarcity in the coming wee
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Brent crude rose 0.4% and WTI rose 0.6% to $92 a barrel as mutual attacks on oil tankers by the US and Iran pushed oil prices higher.
Brent crude rose 0.4% and West Texas Intermediate (WTI) crude climbed 0.6% to $92 a barrel on Monday after the Iranian Islamic Revolutionary Guard Corps Navy claimed responsibility for attacking sever
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Chevron to invest over $7 billion in Venezuela, aiming to double oil output to 600,000 bpd over five years
Chevron has signed a landmark deal to significantly expand its operations in Venezuela, with CEO Mike Wirth stating that the company's patience in the region has paid off. The agreement will see Chevr
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Data shows that crude oil exports through the Strait of Hormuz in August decreased by 39% year-on-year, and Iran's exports may fall to zero.
Middle Eastern crude oil exports in August were down 39% from the January-February baseline of 18.5 million barrels per day (bpd), with a current deficit of 7.2 million bpd, according to data released
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US Treasury Secretary Scott Bessent says Iran has about 30 million barrels of crude left for potential Chinese buyers
The Trump administration is intensifying economic pressure on Iran through sanctions and a blockade. Bloomberg News Middle East Reporter Dan Williams notes this strategy also amounts to a test of endu
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U.S. Central Command: U.S. Forces Attacked Three Iranian Crude Oil Tankers
U.S. Central Command: U.S. Forces Attacked Three Iranian Crude Oil Tankers
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Donald Trump calls the blockade on Iran "unbelievable" as Brent crude surpasses $90 and US strategic petroleum reserves fall to their lowest since 1982.
Donald Trump stated in an August 30 interview with Fox News that his administration's blockade on Iran was "incredible" and placed "very severe" economic pressure on Iran. Meanwhile, escalating U.S.-I
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Strong demand from Asian refiners is driving up Middle Eastern crude oil prices, with DME Oman crude approaching $100.
Asian refiners' robust demand for Middle Eastern crude is driving a rapid surge in benchmark prices, Bloomberg reported on September 5. The UAE's benchmark Murban futures are currently trading at $106
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South Korean stocks opened lower on Friday, with the KOSPI down 2.83% to 5,377.17 points as of 9:15 AM.
South Korean stocks opened down 2.36% on Friday. As of 9:15 AM, the Korea Composite Stock Price Index (KOSPI) fell 156.6 points, extending its decline to 2.83%, to 5,377.17 points. Overnight declines
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Houthi missile reportedly hits Saudi Aramco decision-making center, company headquarters urgently evacuated, Brent crude surges over 4% during Thursday's trading.
Yemen's Houthi rebels reportedly hit Saudi Aramco's decision-making center in Dhahran with missiles on Thursday, according to local media. Sources revealed that "the top three floors of a building" at
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U.S. Central Command: Naval blockade against Iran has lasted 100 days, preventing at least $25 billion in crude oil exports
U.S. Central Command (CENTCOM) announced that the "Iron Wall" naval blockade against Iran has been in effect for 100 days. CENTCOM stated that the operation has prevented Iran from exporting at least
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Bloomberg reported that the cost of chartering oil tankers on the US-to-Asia route has surged to a record $60 million, severely impacting US crude oil exports to Asia, which are expected to fall to multi-year lows.
Bloomberg reported that the cost of chartering oil tankers on the US-to-Asia route has surged to a record $60 million, severely impacting US crude oil exports to Asia, which are expected to fall to mu
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Brent crude oil surpassed $111, reaching a five-month high, while AI stocks fell, dragging down global equities.
Brent crude rose 2.6% to $111.66 per barrel on Thursday, reaching a five-month high, as a decline in AI-related stocks dragged down global markets. As of New York midday, the Nasdaq Composite was down
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Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
Yemen's Houthi armed forces spokesman Yahya Sarea stated today (October 22) that the Houthi forces conducted four military operations against Saudi Arabia in the past 48 hours. Targets included the Mi
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Brent crude tops $111, jumping over 2% as Middle East war risks surge, nearing its highest close since May
Brent crude tops $111, jumping over 2% as Middle East war risks surge, nearing its highest close since May. Global oil inventories are razor-thin, leaving little room for supply disruptions. The U.S.
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
Asian regional markets broadly fell on Thursday, impacted by AI-related concerns and escalating tensions in the Strait of Hormuz, which also sent oil prices jumping. Hong Kong's Hang Seng Index closed
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Asian Stocks Tumble, China Enters Bear Market; Bitcoin Retreats
Asian stocks tumbled on Thursday, with Chinese equities entering a bear market as the CSI 300 index slid 2%, marking a 20% decline from its June peak. Other regional benchmarks also fell significantly
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Brent crude futures rose over 3% to $112.55 per barrel, a new high since May.
Brent crude futures rose over 3% to $112.55 per barrel, a new high since May.
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Oil prices jump on escalating Middle East tensions; reports indicate the US and Israel are considering resuming strikes on Iran after the midterm elections.
Brent crude futures rose 1.71% to $110.67 a barrel on Thursday, while U.S. WTI crude gained 1.42% to $98.53. The New York Times, citing anonymous U.S. officials, reported that the U.S. and Israeli mil
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Middle East tensions push oil higher, Brent crude trades at $110.11 after Houthi attacks in Saudi Arabia
Oil prices ticked up on Thursday following further Houthi attacks in Saudi Arabia, which led the United States to instruct certain diplomatic staff and dependents to depart its facilities in the kingd
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Treasuries Slide After Middle East Strife Report Spurs Oil Gains
Treasuries Slide After Middle East Strife Report Spurs Oil Gains
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U.S. EIA Crude Oil Inventory Change for the week of October 16: -3.06 million barrels, prior value -8.557 million barrels.
U.S. EIA Crude Oil Inventory Change for the week of October 16: -3.06 million barrels, prior value -8.557 million barrels.
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U.S. crude oil inventories plummeted by 3.06 million barrels last week, far exceeding the expected decrease and suggesting tightening supply that could push oil prices higher.
U.S. crude oil inventories plummeted by 3.06 million barrels last week, far exceeding market expectations of a 324,000-barrel decrease, signaling tighter U.S. oil supply and potentially upward pressur
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Middle East Tensions Escalate: US Deploys 10,000 More Troops, Israel Prepares for New Strikes Against Iran, Iran Issues War Warning
According to CCTV News, citing US officials, the United States is deploying the USS Theodore Roosevelt Carrier Strike Group and the 13th Marine Expeditionary Unit to the Middle East, expected to arriv
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Indian Oil plans to reduce crude purchased under term contracts with Middle Eastern producers next year
Indian Oil plans to reduce crude purchased under term contracts with Middle Eastern producers next year
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SpaceX's strong quarterly report boosts AI trading, with shares up about 9% pre-market; Super Micro Computer rises about 15%, oil prices approach $110.
SpaceX reported Q3 revenue of $14.58 billion, a 161% year-over-year increase. Its AI business revenue surged by 830% year-over-year, becoming the largest revenue source for the first time. Net profit
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Key Mideast Oil Benchmark Hits 3-Month Low on Resilient Exports
A key benchmark for Middle East crude fell to its lowest in nearly three months, an indication of the resilience of the region’s exports despite intensifying Iranian attacks on shipping.
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Iran's Revolutionary Guards claim naval mines caused two tankers to catch fire in Strait of Hormuz; oil prices rise
Iran's Revolutionary Guards said Tuesday that naval mines had prevented three tankers attempting to pass through the Strait of Hormuz using routes Tehran deemed unauthorized. They added that two of th
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U.S. Secretary of State Marco Rubio visits India's Reliance refinery, discusses refining Venezuelan crude to diversify energy supplies and advance potential $300B U.S. refinery deal
U.S. Secretary of State Marco Rubio visits India's Reliance refinery to discuss refining Venezuelan crude, diversify energy supplies, and advance potential $300B U.S. refinery deal. Rubio stated that
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Brent crude oil retreated from a five-month high, while WTI crude oil rose as the market digested the Middle East risk premium.
On Tuesday, Brent crude futures fell 0.61% to $108.88, after touching a five-month high of $111.99 during the session; US WTI crude futures rose 0.85% to $104.54, with an intraday high of $110.48, the
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The U.S. is seeking to persuade India's Reliance Industries to refine more Venezuelan crude oil to increase market supply and counter the impact of the conflict in Iran.
The U.S. is seeking to persuade India's Reliance Industries to refine more Venezuelan crude oil to increase market supply and counter the impact of the conflict in Iran.
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U.S. Secretary of State Rubio visited India's Reliance refinery to discuss increasing the refining of Venezuelan crude oil, aiming to balance sanctions against Russia with oil price stability.
U.S. Secretary of State Marco Rubio has arrived in India for a two-day visit, during which he will tour Reliance Industries' Jamnagar refinery in Gujarat. Rubio stated on Tuesday that he would discuss
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Crude oil
24H Trending
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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NVIDIA accelerated computing and open models are widely adopted by European financial giants, with Revolut, Lloyds Banking Group, and others achieving breakthroughs in efficiency and cost.
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NVIDIA Earth-2 Open Models Deployed Across Europe for Weather and Climate Prediction
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Goldman Sachs: Silver Net Longs Fall to Two-Year Low Amid Dual Blows from Dollar Pullback and Weak AI/Solar Sectors
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JPMorgan Chase Report: Funding Pressure on New Cloud Vendors Won't Impact AI Infrastructure Cycle; Tech Sector Expected to Have $400 Billion Funding Surplus This Year
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Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
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NVIDIA Launches New Tools for Training, Evaluating, and Deploying World Models on Its Cosmos Platform
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Crypto traders value Indian telecom company Reliance Jio's IPO at approximately $110 billion.
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NVIDIA Drives European Retail Transformation: Shopify Cuts AI Inference Costs by 90%, L'Oréal Accelerates Ingredient Discovery
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NVIDIA's DSX platform is being used by companies worldwide to address power bottlenecks, involving over $300 billion in equipment backlogs and 200 gigawatts of projects awaiting.
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