Oil Falls though U.S. Futures Unmoved as Bessent Says U.S.-Iran Deal in Sight
Oil prices pulled back on renewed optimism that the U.S and Iran were closing in on a deal that would reopen the Strait of Hormuz, but U.S. stock futures were largely flat.
Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs
World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the U.S.-Iran ceasefire.
Oil Falls on Optimism Over Potential U.S.-Iran Deal
Oil fell in early Asian trade on optimism over a potential U.S.-Iran deal that could ease supply-disruption concerns.
The Iran war may be winding down, but the era of $60 oil could be over
The Iran war could soon draw to a close. Oil prices, however, may not roll back with it.
Crude Oil Price Forecast: Breakdown Extends Bearish Momentum
Crude oil extends downside momentum after breaking key moving averages and trendline support, with price now targeting lower Fibonacci and moving average support zones amid continued bearish structure.
U.S. Crude-Oil Stockpiles Post Fifth Straight Weekly Drop
Commercial crude-oil stocks fell by 3.3 million barrels last week. Analysts expected crude stocks to decrease by 4 million barrels.
Hormuz Deal Hangs In Balance As Iran Claims It Retaliated After Fresh U.S. Strikes
The global oil benchmark Brent Crude futures soared above $98 per barrel early on Thursday after reports of the attacks emerged, after having dropped to $94 a day earlier on hopes of a quick deal to reopen the Strait of Hormuz. The U.S. benchmark West Texas Intermediate also briefly crossed $92 per barrel after having fallen below the $90 mark a day earlier.
Oil prices rise after fresh round of strikes between U.S. and Iran, pushing peace deal into doubt
West Texas Intermediate and Brent crude's front-month contracts both climbed after the U.S. launched a new set of strikes on an Iranian military site.
Oil Prices Rise After U.S. and Iran Launch Fresh Strikes
The U.S. launched fresh strikes against Iran while both sides continue to work toward a peace agreement.
Oil Gains on Possible Technical Correction
Oil gained in early Asian trade on a possible technical correction after settling lower on Wednesday.
Review & Preview: Oil Retreats
The Dow Jones Industrial Average and the Nasdaq Composite both closed at record highs on Wednesday.
Rubio visit to India pushes deeper energy ties as Iran conflict rattles global oil markets
Rubio wrapped a four-day India visit pushing American oil and gas exports as the Iran war disrupts global energy markets and New Delhi seeks to diversify its supply chains.
