U.S. Crude Oil Stockpiles See Larger-Than-Expected Drop
Commercial crude oil stocks were down by 4.5 million barrels last week. Analysts had expected crude stocks to fall by 300,000 barrels.
Energy Secretary Chris Wright tells CNBC that more than 17 million barrels of oil transited Hormuz on Monday
Energy Secretary Chris Wright tells CNBC that more than 17 million barrels of oil transited Hormuz on Monday
Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher
War weary and headed down Wall Street can't shake off the war jitters. Futures are pointing lower again, with the tech-heavy Nasdaq off 0.6%, the S&P down 0.2% and the Dow sitting on the gain line.
US traders bet on $95 oil as Hormuz conflict escalates
Prediction market Polymarket now puts a 57% chance on West Texas Intermediate (WTI) crude touching $95 a barrel before the end of September. That probability has risen seven percentage points in recent trading, reflecting mounting fears over a widening confrontation between the United States and Iran.
Oil Hovers Close to $95 as Middle East Conflict Further Pressures Bonds
Oil hovered around $95 a barrel as the U.S. and Iran exchanged fresh strikes, putting further pressure on bond yields as a rout in sovereign debt extended in early European trade.
Eneos acquisitions test Japanese oil giant's global ambitions
Top Japanese refiner Eneos Holdings , cash-rich and facing declining demand at home, is in the midst of a push to expand its overseas footprint, testing its ability to broaden its revenue sources and manage assets abroad.
Middle East Conflict Sends Oil Up, Bonds Down
Plus, stocks fall and new job-market numbers are mixed.
Natural Gas and Oil Forecast: Oil Supply Risks Rise as U.S. Gas Output Hits Record
Gulf fighting revives crude and LNG supply risks as WTI breaks higher, Brent targets $92.01 and record U.S. gas output cushions domestic supply.
The $3 trillion oil market has just gotten more accessible than ever: No longer a 'rich man's game'
CME's new 10-barrel WTI contract lowers the barrier for individual oil traders. Retail oil activity is surging, potentially amplifying emotionally driven price swings, said industry veterans.
Oil Rises on Prospect for Prolonged Supply Disruptions in Middle East
Oil rose on the prospect for prolonged supply disruptions in the Middle East.
Flaring Middle East Tensions Push Oil Prices Up
Plus, stocks fall and long-dated bond yields rise, while Amazon faces a new legal challenge.
Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up
The average rate on the 30-year fixed mortgage is now 6.87%. That rate is 12 basis points higher than it was Thursday and is being fueled by rising oil prices.
