Oil prices fell about 6% on Wednesday after U.S. President Donald Trump said negotiations with Iran were entering their final stages, raising hopes for a potential easing of tensions in the Middle East. Even so, investors remained cautious as major disruptions to regional oil supplies continued. Brent crude futures settled down $6.26, or 5.63%, at […]
Oil prices settled lower on Tuesday after U.S. Vice President JD Vance said Washington and Tehran had made progress in negotiations, easing some fears of an immediate escalation in the Iran conflict. “We think that we’ve made a lot of progress. We think the Iranians want to make a deal,” Vance told reporters during a White […]
Oil prices climbed about 3% to a two-week high in volatile trading on Monday as concerns over prolonged supply disruptions from the Iran war outweighed reports that the United States may temporarily waive sanctions on Iranian crude during ongoing negotiations. Brent crude futures for July delivery rose $2.84, or 2.6%, to settle at $112.10 per barrel, […]
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“Happiness and moral duty are inseparably connected.” – George Washington Jobs Update Initial jobless claims seasonally adjusted for the week ending May 9, 2026 came in at 211,000, versus the adjusted number of 199,000 people from the week prior, up 12,000 people week over week. Continuing jobless claims came in at 1,782,000, versus the adjusted […]
Brent crude futures settled at $109.26 per barrel, up $3.54, or 3.35%, while U.S. West Texas Intermediate crude rose $4.25, or 4.2%, to settle at $105.42. For the week, Brent climbed 7.84% and WTI gained 10.48% as uncertainty surrounding the fragile ceasefire and ongoing disruptions in the Strait of Hormuz continued to support prices. Market […]
Brent crude futures settled up 9 cents, or 0.09%, at $105.72 per barrel, while U.S. West Texas Intermediate crude gained 15 cents, or 0.15%, to close at $101.17. Brent traded as high as $107.13 earlier in the session before giving back most of its gains. Markets remained highly sensitive to developments surrounding the Iran conflict […]
Brent crude settled down $2.14, or 2.0%, at $105.63 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.16, or 1.1%, to $101.02. The decline followed a strong rally earlier in the week that had been driven by fading hopes for a durable U.S.-Iran ceasefire and continued supply disruptions in the Gulf region. Markets […]
Brent crude rose $3.56, or 3.42%, to $107.77 per barrel, while U.S. West Texas Intermediate (WTI) gained $4.11, or 4.19%, to $102.18. The move extended Monday’s gains as markets continued rebuilding geopolitical risk premiums tied to the ongoing conflict and the effective closure of the Strait of Hormuz. The latest rally was driven largely by […]
Brent crude settled up $2.92, or 2.9%, at $104.21 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $2.65, or 2.8%, to close at $98.07. During the session, Brent briefly climbed to nearly $106 while WTI moved back above the $100 level. The rebound followed comments from U.S. President Donald Trump, who described the […]