WTI crude futures fall over 7% after Washington and Tehran halt strikes, reducing supply disruption fears. West Texas Intermediate crude dropped to $82.50 per barrel, down more than 7% in early Asian trading. The decline followed a pause in hostilities between the US and I
Oil prices retreat as Washington and Tehran halt strikes, fueling hopes for talks to ease Middle East supply risks. West Texas Intermediate crude fell to $82.50 per barrel, down over 7% in early Asian trading, after the US and Iran paused military strikes over the weekend.
Daily crude oil imports in China rise sharply from June’s decade-low 6.2 million barrels, boosting oil market sentiment. China’s crude oil imports averaged 7.8 million barrels per day in July, up from 6.2 million in June, marking the lowest level in over a decade. The incr
Brent crude oil prices fell 3.9% to USD96.78 last Friday Oil prices are under pressure due to escalating tensions in the Persian Gulf. The potential closure of the Strait of Bab al-Mandab poses a significant threat to supply routes. The renewed escalation in the Per
Oil prices retreat as geopolitical tensions ease, pulling WTI away from recent highs near $92.25. West Texas Intermediate crude oil trades near $84.00, extending losses as hopes for de-escalation in the US-Iran conflict weigh on prices. The benchmark opens the week with a
Brent and WTI crude prices fall sharply after Washington pauses military strikes, easing supply disruption fears. Oil prices fell more than 5% in early Asian trading as the U.S. and Iran paused hostilities, reversing a two-week escalation that had pushed Brent above $100.
Microsoft and Apple report earnings this week Major companies including Microsoft, Meta, Apple, and Amazon are set to report earnings this week. The market has been down recently, despite solid results from Alphabet, due to high capex guidance of $200 billion and negative
Brent crude falls 4.4% to $96.36 per barrel Oil prices declined on Friday following reports of a potential return to US-Iran nuclear negotiations. The conflict and closure of the Strait of Hormuz have threatened China's energy security and weighed on its economy.
Vaca Muerta’s oil and gas production surged to new highs, bolstering Argentina’s economic outlook amid global and domestic risks. Argentina’s Vaca Muerta shale formation produced record oil and natural gas volumes in May 2026, according to government data. The increase com
Houthi strikes on Saudi tankers in the Bab el-Mandeb Strait push Brent above $100, threatening global supply chains and recession risks. Brent crude surged past $100 per barrel after Yemen’s Houthis attacked two Saudi tankers in the Bab el-Mandeb Strait, compounding supply
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