WTI Crude clears $112 as geopolitical risks in the Strait of Hormuz threaten 20% of global supply. Will the upcoming NFP report drive prices toward $119.30?
USO surges as WTI tops $100 for the first time since 2022, with geopolitical tensions and supply shocks driving massive inflows into oil ETFs.
Pre-market futures are back down this morning, after closing Wednesday in the green. Again, we have a light week of economic reports until next week (“Jobs Week”), while earnings reports will follow once the quarter ends next Monday.
President Trump said that U.S. was negotiating with Iran and added that the country agreed it would never have a nuclear weapon.
Oil prices rebound as Iran rejects talks, bringing supply fears back into focus and keeping markets volatile amid ongoing risks around the Strait of Hormuz.
President Trump said that U.S. was negotiating with Iran and delayed strikes on Iranian energy infrastructure.
A change in state law last year allowed California Resources to obtain new drilling permits in Kern County. The company took advantage by buying a competitor and expanding its drilling operations. CRC's pricing benefits from being tied to the higher Brent price rather than West Texas Intermediate.
Middle East tensions push oil toward $150 as supply risks flare. WTI holds near $98 while Brent targets $119.
Oil prices gain ground as traders bet on a long war in the Middle East.
WTI posts wider-than-expected Q4 loss despite higher output and revenues, as weaker prices and rising costs weigh on results.
W&T Offshore, Inc. (WTI) Q4 2025 Earnings Call Transcript
Geopolitical risks keep WTI crude near $97 and Brent at $104. With supply uncertainty looming, will energy prices break higher or remain tethered to volatility?