Israel said it would not target energy infrastructure anymore after being told by the U.S. president not to.
Oil benchmarks may have found a ceiling so long as the conflict in the Middle East doesn't cause damage to key energy infrastructure.
Prediction market traders are pricing in a 65% chance that crude oil will still be above $100 a barrel at the end of this month, with Brent already trading at $103.54 following the closure of the Strait of Hormuz. The data comes from Polymarket, a blockchain-based prediction platform where users bet real money on outcomes, giving its probability readings unusually high credibility as a market signal.
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WTI holds $93 as Middle East risks sustain a price premium. Will a move into the Strait of Hormuz push Brent toward a $114 breakout?
The U.S. Treasury Department has extended a sanctions waiver for Serbia's Russian-owned NIS until April 17, giving the Balkan country more time to import crude oil amid the U.S.-Israeli war on Iran, Serbia's energy minister said on Friday.
Japan may start stockpiling U.S. oil domestically, Prime Minister Sanae Takaichi said during her visit to the United States, as it looks to diversify procurement and strengthen energy security.
Oil prices fell and Asian equities were mixed Friday, amid easing concerns over oil supply disruptions
Oil fell as Bessent said the U.S. may free up stranded Iranian crude. Israel says it is helping efforts to reopen the Strait of Hormuz.
Talk of $200 a barrel oil isn't hyperbole until peace talks emerge or the Strait of Hormuz reopens, says a veteran oil analyst
Dubai crude oil prices surpassed $150 a barrel as transit in the Strait of Hormuz was crippled by the U.S.-Iran War. Brent crude prices have surged nearly 50% since the start of the war and currently trade around the $106 mark.
JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC)'s global equity strategists have highlighted that US stocks have remained relatively resilient despite a sharp surge in oil prices, but cautioned that markets may be underpricing the risks tied to supply shocks and demand deterioration. As such, the firm lowered its 2026 year-end S&P 500 target to 7,200 from 7,500.