Silver struggles near the 50-day average as oil-driven inflation fears hit metals. Get the latest silver analysis and short-term price prediction.
Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns.
Oil prices edged lower in Asia on a likely technical correction.
'Mad Money' host Jim Cramer talks the impact of the energy shock on markets.
Other efforts to coax oil down prices — now at $100 a barrel — are like putting a Band-Aid on a shotgun wound, says analyst
The Strait of Hormuz is the topic markets are trading around, says Tom Essaye, but he believes in a recovery if the conflict is over quickly. “To really cause economic strain, we need to see oil above $150” for a while before it affects U.S. economic growth, especially with low unemployment, he argues.
Crude oil shows strong short-term bullish momentum after Thursday's inside-day breakout, with Fibonacci levels and moving averages highlighting potential resistance and support zones for traders to watch.
Man Group Chief Market Strategist Kristina Hooper is worried about how high energy costs are impacting consumers. She says oil at $120 or $130 could trigger a recession in the US.
Earlier on Thursday, Mojtaba Khamenei said the Islamic Republic would seek to ensure the Strait of Hormuz remains effectively closed. In his first public comments since succeeding his father, he added that Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.
A global diaspora of oil workers holds the key to the country's recovery, but many still don't trust the government. Peter Millard explains.
Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz. CNBC's Brian Sullivan reports on the latest in oil prices.
Analysts are now forecasting longer-lasting upheaval—and higher crude prices.