Regulators investigate large March-April oil trades linked to subsequent price drops following presidential remarks. The Commodity Futures Trading Commission is examining $7 billion in short oil bets placed in March and April. The trades preceded statements by President Do
Oil prices retreat as traders weigh potential diplomatic progress against ongoing Middle East tensions. West Texas Intermediate crude fell to $92.45 in early European trading, extending losses below $92.50. The decline comes amid optimism over a possible US-Iran ceasefire
Oil prices spike as military confrontation threatens month-long ceasefire in key shipping lane. Brent crude jumped 2.64% to $102.70 per barrel in early Asian trading after the U.S. and Iran exchanged fire in the Strait of Hormuz. West Texas Intermediate climbed 1.95% to $9
International firms sign multi-billion-dollar agreements as Venezuela’s oil exports reach a seven-year peak under US management. Venezuela’s oil industry has attracted billions in new deals from global energy companies following US oversight of its resources. March saw the
Oil markets react to heightened geopolitical risks after recent US-Iran military exchanges in the Middle East. West Texas Intermediate crude futures climbed 3.2% to $87.40 a barrel as investors assessed the risk of supply disruptions. The move follows a US airstrike in Ira
Geopolitical tensions in the Middle East drive crude prices higher while US equity futures retreat ahead of the open. US stock index futures declined in early trading as investors weighed escalating tensions between Iran and Western allies. S&P 500 futures fell 0.3%, while
Brent and WTI futures rise sharply as investors assess risks to Middle East supply stability amid renewed tensions. Crude oil prices climbed more than 2% in early trading after reports of fresh military clashes between US and Iranian forces in the Persian Gulf. The confron
Canadian Natural Resources president links future oil sands growth to construction of a West Coast export pipeline. Canadian Natural Resources President Tim McKay stated that further expansion of the country’s oil sands depends on the development of a new pipeline to the W
Iran's state broadcaster says 'enemy units' came under missile fire after US attack on Iranian oil tanker Reuters
Canada records $1.78 billion trade surplus in March Canada's merchandise trade balance swung to a $1.78 billion surplus in March, defying expectations of a $2.88 billion deficit. Total exports rose 8.5% to $72.8 billion, the second-highest level on record.