Iranian oil is helping keep costs down by at least $7.50 per barrel. Goldman Sachs warns on oil prices and so called tank bottoms ( and loves a new natural gas-related name).
U.S. stock index futures dipped on Thursday as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices linked to the widening Middle East conflict weighed on sentiment.
Energy markets don't care about your economic forecast.
The escalating U.S.-Iran war threatens Asian oil refiners' plans to ramp up output in August, which could keep global fuel stocks tight and bolster prices for longer unless China fills the gap.
Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones.
Oil rose in early Asian trade amid growing concerns over supply disruptions in the Middle East.
WTI crude oil tests key resistance after a powerful 13-day rally, with a breakout potentially opening higher targets while support levels define pullback risk.
Low-volatility ETFs are gaining appeal as tariffs, Hormuz tensions, AI worries and oil-led inflation fears shake markets. Here are five reasons why.
Europe and parts of Asia, which are more reliant on energy imports, will remain more exposed to global headline inflation. A fresh energy shock would leave the Fed focused on upside inflation risks, OCBC said.
Vessel traffic through the Strait of Hormuz has slumped since U.S. President Donald Trump's blockade took effect last week. Crossings through the Strait have fallen sharply across multiple shipping datasets with renewed U.S. strikes on Iran.
Oil markets continue to be very noisy on Monday, as the headline risks continue to be a major issue.