Crude futures ended significantly higher after Israeli and U.S. strikes on Iranian targets, and Tehran’s retaliation, led to shutdowns of oil and gas facilities across parts of the Middle East and disrupted shipping through the vital Strait of Hormuz. U.S. crude settled up $4.21, or 6.28%, at $71.23 a barrel. Brent crude finished at $77.74 […]
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“If everyone is thinking alike, then somebody isn’t thinking.” – George S. Patton Jobs Update Stocks closed lower on Friday of last week and lower week-over-week The DOW closed lower on Friday of last week, down -521.28 points (-1.05%), closing out the week at 48,997.92, down -628.05 points week-over-week. The S&P 500 closed lower on […]
Brent crude settled up $1.73, or 2.45%, at $72.48 a barrel, while U.S. West Texas Intermediate rose $1.81, or 2.78%, to $67.02. Both benchmarks traded at their highest levels since July and August, respectively, and were on track for solid weekly gains. Although U.S. and Iranian officials agreed to extend indirect negotiations into next week […]
The market swung between gains and pullbacks as headlines emerged from indirect talks in Geneva between U.S. and Iranian officials. Early in the session, crude climbed more than $1 after reports suggested negotiations had stalled over Washington’s demand that Tehran halt uranium enrichment entirely and hand over its stockpile of highly enriched material. Prices later […]
Oil prices finished little changed on Wednesday as a massive U.S. crude stock build failed to significantly ease market anxiety over the risk of military conflict between the United States and Iran. Brent crude settled up 8 cents at $70.85 a barrel, while U.S. West Texas Intermediate slipped 21 cents to $65.42. The muted price […]
Oil prices pulled back from near seven-month highs on Tuesday, as signs of progress in U.S.–Iran nuclear diplomacy eased some of the geopolitical risk premium that had been driving crude prices higher. Brent crude futures fell 72 cents, or 1%, to $70.77 a barrel, while U.S. West Texas Intermediate slid 68 cents, or 1%, to […]
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Oil prices edged lower on Monday but held near six-month highs as traders positioned ahead of a third round of nuclear talks between the United States and Iran, while also grappling with renewed economic uncertainty following fresh upheaval around U.S. tariff policy. Brent crude settled down 27 cents, or 0.38%, at $71.49 a barrel, while […]
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