WTI crude oil falls 8.91% on US-Iran accord hopes West Texas Intermediate crude oil prices have dropped sharply, trading around $91.00. This decline is attributed to easing geopolitical risks in the Middle East. The rapid reassessment of risks follows reports of pro
The Indian rupee strengthened against the U.S. dollar as oil prices fell following reports of a potential U.S.-Iran peace deal. The rupee rose as oil prices dropped on reports of a U.S.-Iran peace deal. This development is likely to benefit India, a major oil importer. The
The commodities feed: Middle East re-escalation pushes Oil prices higher A re-escalation of tensions in the Persian Gulf pushed Oil and Gas prices higher as the market once again reprices the duration of supply disruptions from the... The commodities feed: Middle East re-e
The week ahead: Is the ceasefire over? The week ahead: Is the ceasefire over? The oil price is falling back this morning after Monday’s surge. Brent crude is lower by 1% and is trading around $113 per barrel, stocks slid in Asia, and futures prices point to a weaker
Signs of physical shortages in crude oil are emerging, the chief executive of Chevron warned this week, noting that this will first hit Asian economic growth. “We will start to see physical shortages,” Mike Wirth said at an event, as quoted by Reuters. “Demand needs to move to...
Oil shock deepens while rates reprice the inflation path The current market dynamic is being driven by two dominant forces that are overriding traditional cycles, namely the surge in capital directed toward artificial intelligence and the tightening of global oil supply linked...
WTI stays below $102.00 as US Navy moves to restore Hormuz shipping West Texas Intermediate (WTI) oil price inches lower after registering modest gains in the previous day, trading around $101.80 per barrel during the Asian hours on... WTI stays below $102.00 as US Navy mo
Today Oil writes the script and everything else reads from it The markets opened the week with crude acting as the conductor, and everything else falling reluctantly into line, as a sharp surge in oil prices pulled equities off their highs and pushed bonds onto the defensive,...<
Chevron CEO Mike Wirth warned Monday that physical oil shortages will begin appearing globally due to the Strait of Hormuz closure, with Asian economies first to shrink as supply buffers are exhausted. Chevron CEO Mike Wirth warned Monday that physical oil shortages will b
It is profit season again, and Big Oil is raking it in, both in Europe and in the U.S., as soaring oil and gas prices boost earnings. It is profit season again, and Big Oil is raking it in, both in Europe and in the U.S., as soaring oil and gas prices boost earnings. What