Oil rises as draw in US crude stocks signals firm demand
Oil prices inched higher, extending gains from the previous day as a larger-than-expected draw in U.S. crude stocks signalled firm demand, while investors remained cautious about the Iran-Israel ceasefire and stability in the Middle East.
Crude Oil Price Outlook – Crude Stabilizes on Wednesday
The crude oil market seems to be stabilizing on Wednesday, as the markets have found the previous resistance level to be supportive. That being said, a day or tow of calm action is the recipe for a longer-term run higher.
Stocks near record highs as oil prices fall after Israel-Iran ceasefire
Oil prices are dropping further, and U.S. stocks are pulling close to their all-time high Tuesday on hopes that Israel's war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning.
Trump Says China Can Keep Purchasing Oil From Iran
President Donald Trump appeared to undermine years of US sanctions on Iran, giving China the green light to carry on buying its oil. The announcement on Truth Social could undermine the central element of Washington's Iran policy under multiple administrations, which have sought to cut the regime's main source of revenue by making its top export off limits.
Hang Seng Index News: Ceasefire Relief and Fed Rate Cut Bets Lift Market Sentiment
Hang Seng Index rises on Middle East ceasefire and Fed rate cut hopes. Real estate and tech stocks lead gains as risk sentiment improves.
S&P 500 nears record as stocks soar, oil sinks and investors throw caution to the wind
Investors naturally fear too much of a good thing, but animal spirits were on full display Tuesday across markets.
U.S. oil production has changed the global oil equation, says Again Capital's John Kilduff
John Kilduff, Again Capital, joins 'Closing Bell Overtime' to talk the state of the oil market and why oil prices continue to sink.
Crude Oil Price Forecast: Retreats Sharply After $78 High Reversal
Crude oil reversed sharply after reaching $78.44 to start the week, breaking key support levels, before testing the neckline of a double bottom near $65 on Tuesday.
Oil sheds 2% as Iran-Israel ceasefire eases concerns over supply, Strait of Hormuz closure
Oil prices surrendered some of the gains of the past 12 days amid signs of an emerging ceasefire between Middle Eastern foes Iran and Israel. Investor concerns had mounted over potential supply disruptions in Iran and the broader Middle East, along with obstacles to shipping through the Strait of Hormuz.
Hang Seng Index News Trump-Brokered Iran-Israel Ceasefire Fuels Risk Appetite
Asian equity markets rebound sharply as Iran-Israel ceasefire boosts global risk sentiment; Hang Seng leads early session gains.
Oil prices ease on alleged ceasefire, but Hormuz is still Iran's wildcard: Analyst
Gnanasekar Thiagarajan, Co-founder & CEO of Commtrendz Research discusses the big drop in oil prices after Trump declares ceasefire between Israel and Iran and highlights that India remains relatively insulated to oil price shocks, thanks to its diversified supply and strategic reserves.
Oil Prices Fall as Trump Announces Ceasefire in Middle East
Oil extended a slump as President Donald Trump announced a tentative ceasefire between Iran and Israel. Global benchmark Brent tumbled almost 5% toward $68 a barrel in early Asian trading, before paring some of that drop.
