Crude Oil

Former U.S. Treasury Secretary Lawrence Summers believes markets are far less reactive to geopolitical conflict than many expect, citing the recent example of flaring tensions in Iran. What Happened: On Thursday, Summers posted on X, discussing his recent Bloomberg interview where he addressed the...

U.S. futures markets are rallying on Monday night, after President Donald Trump announced a “ceasefire timeline” for the conflict between Iran and Israel. The S&P 500 Futures trade at 6,112.50, up 0.58%, followed by Nasdaq Futures at 22,256.00, up 0.88%, and finally Dow Futures at...

Cryptocurrency analyst and author Adam Livingston argued Sunday that escalating geopolitical tensions in the Middle East could serve as a “nuclear-grade bull catalyst” for Bitcoin (CRYPTO: BTC). What happened: In a series of posts, Livingston noted the U.S. bombing of Iran's nuclear...

Oil may have spiked on Middle East tensions, but JPMorgan is keeping its cool — and its crude forecast in check. In its latest note, the firm reiterates a base case for Brent in the low-to-mid $60s through 2025 and flat at $60 in 2026, brushing aside geopolitical fears as largely priced in. In...

As global tensions in the Middle East highlight a volatility in the oil markets, an expert suggests the U.S. economy’s susceptibility to oil price shocks has significantly diminished compared to previous decades. What Happened: According to Bob Elliott, the CIO of Unlimited Funds, the shift...

During the pre-market trading session on Monday, Shell PLC (NYSE:SHELL) and Occidental Petroleum Corp (NYSE:OXY) climbed 1.75% and 1.41%, respectively, whereas Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 0.88% and 0.85%, each oil prices witnessed more than 3% surge on Monday....

In the wake of OPEC+’s weekend decision to increase oil production quotas, energy ETFs are back in the spotlight—some surfing the wave of positive sentiment, others protecting against geopolitical uncertainty. As oil prices surged on the U.S.-UK trade relations and potential resolutions to...

Economist Peter Schiff says today's cheaper crude is less a "drill‑baby‑drill" success than a warning light for a sputtering world economy. What Happened: In an X post on Thursday, he argued oil is sinking because global trade is stalling and recession fears are throttling demand, not because...

After months of sliding prices and bearish charts, oil just pulled a fast one. The United States Oil Fund (NYSE:USO) is up over 7% in the last five days – its best weekly move in months – raising the inevitable question: is the bottom finally in? Chart created using Benzinga Pro...

U.S. stock futures posted modest gains on Wednesday night, recovering from a steep decline in the afternoon session following Federal Reserve chair Jerome Powell’s latest comments on the market, tariffs, and inflation. The S&P 500 Futures are up 0.51% at 5,333, the Nasdaq Futures ...

Editor’s note: This story has been updated to remove references to an individual that lacked context and relevance. Crude oil WTI futures saw a slight uptick following a significant phone call between President-elect Donald Trump and Russian President Vladimir Putin. What Happened: At the...

Oil prices took a sharp dive on Tuesday, tumbling over 5% in morning trading in New York, as geopolitical tensions in the Middle East slightly eased after Israeli Prime Minister Benjamin Netanyahu reportedly pledged that Iran's crude oil infrastructure would be spared from any potential retaliatory...

The largest Chinese coal producer, CHN Energy Investment Group, has announced a $24 billion investment in a coal-to-petroleum facility in Hami, Xinjiang. The project, scheduled to begin production in 2027, aims to convert excess coal into petroleum products. The plant should produce synthetic fuels...

Oil is on course to secure its fourth consecutive session of gains. What Happened: Oil prices climbed by more than 1% at the start of the week. West Texas Intermediate (WTI) light crude futures, tracked by the United States Oil Fund (NYSE:USO), surpassed $77 per barrel by 8:00 a.m. EST. This rise...

Crude oil prices experienced their most significant one-day increase in over nine months Wednesday due to escalating geopolitical tensions in the Middle East. West Texas Intermediate (WTI) light crude closed the session at $78.41 per barrel, up 4.9%, marking its largest spike since October 2023....