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U.S. Oil Prices Gain on Inventory Slump. Israel, Iran Conflict Is Still Driving the Market.
WTI was rising and Brent crude was falling. Stock futures for Exxon, Chevron, and Occidental were rising.
Iran Races to Get Its Oil Out Into the World
Iran is rapidly exporting oil, a sign of the unusual logistical steps that Tehran is undertaking as the US mulls joining Israel in bombing the Persian Gulf state. Satellite images of the oil storage sites at Kharg Island show that the reservoirs were only partly full on June 11, but were brimming with crude on June 18.
Oil has a $10 geopolitical risk premium, China wants the Strait of Hormuz to stay open: Dan Yergin
Pulitzer Prize Winner Daniel Yergin puts the price on oil's geopolitical risk premium and explains why the closure of the Strait of Hormuz will hurt Asian countries the most.
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran
Netanyahu has ordered Israel's military to intensify attacks on "strategic targets" in Iran. Israel will also focus on "government targets" in the country's capital, Tehran, Israel Defense Minister Israel Katz said.
Oil News: Crude Oil Rallies as OPEC Production Risks Mount in Israel-Iran Conflict
Crude oil analysis: Bullish outlook builds as U.S. stockpiles fall and Israel-Iran conflict threatens OPEC supply through the Strait of Hormuz.
History shows it's regime change in Iran that may really boost oil prices — JPMorgan
Deposing Iran's Supreme Leader Ayatollah Ali Khamenei and his regime may cause a sustained spike in oil prices
Natural Gas and Oil Forecast: Crude Pulls Back From 5-Month High on Geopolitical Jitters
WTI crude slips below $75 as traders weigh geopolitical risks and Fed rate outlook; energy markets remain volatile near key technical levels.
Iran knows it's losing; oil prices to fall if peace talks succeed: Raymond James
Pavel Molchanov of Raymond James says the only way that higher oil prices can be sustained is if there is an actual disruption to Middle Eastern oil supply, which he does not see happening. He also says that it makes no sense for Iran to block the Strait of Hormuz.
Bet on bonds, oil and European defense stocks, says market strategist
Marcella Chow from JP Morgan Asset Management shares her investment ideas amid slowing U.S. growth, worsening tensions in the Middle East and the push to up defense spending in Europe.
Oil falls as investors weigh chance of US intervention in Iran-Israel conflict
Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country's potential involvement in the ongoing Israel-Iran conflict.
Tech Flat as Tariff, Oil Fears Weigh -- Tech Roundup
Shares of technology companies were flat, as concerns about tariff inflation and rising oil prices offset a boom in tech infrastructure spending.
Oil markets see closure of Hormuz Strait as unlikely, Eni CEO says
The CEO of Italian energy company Eni said on Wednesday oil markets are signalling that an escalation between Israel and Iran and the closure of the Strait of Hormuz is unlikely.
