Wall St futures climb as AI stocks rebound; oil, yields fall
Oil futures fell in early Asian trade on a possible technical correction after futures posted strong gains last Friday.
Fires broke out at an oil terminal and depot in St. Petersburg after Ukraine launched a massive wave of drone strikes on Sunday.
When crude spiked past $110 and wiped a trillion dollars from tech valuations in a single session, the same geopolitical shock that lifted Exxon and Chevron near their 52-week highs also planted the seeds of a rapid reversal.
US solicits exchange of up to 17 million barrels of oil from strategic reserve
Commercial crude oil stocks fell by 8.6 million barrels last week as production and imports fell while refineries stepped up their capacity use, the EIA said.
Saudi Aramco offers extra spot crude cargoes to Europe, sources say
Oil shipping costs spike, lifting prices from pump to grocery
Middle East crude exports have recovered substantially but the International Energy Agency said flows remain vulnerable to attacks on energy infrastructure, shipping.
A Singapore-registered ship was sunk in the critical Strait of Hormuz. Iran said it was "counting the moments" until it can strike U.S. warships.
Oil prices fell more than $1 in early trade on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.
Liberia offers 29 offshore blocks in 2026 oil and gas licensing round