oil prices

Oil markets defied all expectations Monday, crashing more than 7% to $68 a barrel even as Iran launched a barrage of missiles at U.S. military installations in Qatar in retaliation for American strikes on Iranian nuclear facilities over the weekend. Instead of triggering a surge in crude prices,...

Tensions in the Middle East aren't just fueling oil prices – they're shaking the crypto charts too. As Brent crude flirts with volatility, Bitcoin (CRYPTO: BTC) briefly dipped below $90,000 over the weekend before bouncing back Monday, a move that James Toledano, COO of Unity Wallet, says is...

The U.S. strike on Iran's nuclear facility on June 21 has raised the specter of a new oil crisis, reviving investor fears of energy-driven inflation and testing whether the stock market can withstand another geopolitical shock. Historical precedent offers a guide to how the S&P 500 index...

Occidental Petroleum Corp (NYSE:OXY), Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions. What...

In the wake of the U.S. dropping bunker buster bombs on Iran’s key nuclear sites, energy markets are preparing for potential disruptions and a further surge in oil prices. What Happened:  The US’s aggressive actions against Iran, a significant oil producer, have heightened...

Investors have flocked into energy plays in the aftermath of last week's flare-up between Israel and Iran, signaling heightened expectations that escalating geopolitical tensions in the Middle East will continue to lift oil prices and benefit U.S. energy firms. On Friday, a day after Israel...

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....

Crude prices fell sharply after OPEC+ surprised markets with a bigger-than-expected production hike. This prompted Goldman Sachs to slash its oil price outlook and triggered a selloff in U.S. energy stocks. In a note shared Monday, Goldman Sachs commodity analyst Daan Struyven said the bank lowered...

West Texas Intermediate (WTI) crude oil has been struggling lately, breaking below critical support levels, and experts are taking notice. According to Adam Turnquist, chief technical strategist for LPL Financial, "Oil has struggled recently as tariff-related demand concerns weigh on risk appetite...

Oil is entering its historically strongest month with a bang, as a 3% rally on the final day of March sent West Texas Intermediate crude to a six-week high, just as geopolitical risks reemerge and seasonal trends signal further upside. Why Oil Is Suddenly Heating Up? WTI crude, which is tracked by...

President Donald Trump centered his 2024 election campaign on bringing down prices after a prolonged period of inflation. In particular, Trump called for greater domestic drilling, even as the Biden Administration accelerated domestic energy independence. Now that Trump is in office, energy...

Oil prices fell 1% Tuesday with geopolitical change and economic uncertainty contributing to market expectations. Diplomatic talks between U.S. President Donald Trump and Russian President Vladimir Putin encouraged the prospect of a Ukraine ceasefire that might relax sanctions on Russian fuel...

Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with Brent crude already approaching $80 per barrel and the possibility of hitting $90 under certain scenarios. In a note shared Monday, Goldman Sachs commodity analyst Daav Struyven...

Oil futures edged up but then fell on Monday as a possible hurricane makes its way toward the U.S. Gulf Coast, continuing last week’s losses. Brent crude was up 16 cents, or 0.23%, to $71.22 a barrel at 8:15 a.m. ET while West Texas Intermediate crude futures were 19 cents, or 0.28%, higher...

Oil futures surged significantly on Monday morning, with West Texas Intermediate (WTI) light crude rising 3% to over $77 per barrel as of 9:00 a.m. ET, amid escalating geopolitical tensions in the Middle East and fresh supply disruptions in Libya. This marks the third consecutive day of oil price...