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$30.83
-0.490 (-1.56%)
At Close: May 10, 2024
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the factors impacting the global energy market, impact of the $95 billion aid package passed by the H
Oil prices retreated on Monday morning, with the global benchmark remaining above $86 a barrel, as concerns eased that the geopolitical tensions in the Middle East would disrupt the oil supply, as inv
Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday.
Oil traders are shifting their focus from geopolitical tensions to traditional fundamentals, supported by OPEC+ capacity.
Amrita Sen, founder and research director of Energy Aspects, says it is unlikely the US will "strongly" enforce new oil sanctions on Iran given the upcoming presidential election. "I think all sanctio
Amid falling geopolitical risks and a spike in U.S. inventories, oil and natural gas prices face downward pressure, reshaping market forecasts.
Oil prices fell at Asia's open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Isra
Next week, despite geopolitical risks, the lack of supply disruption may keep oil prices subdued, even with seasonal demand.
Investors seem to believe that Israel's limited retaliatory strike has provided Iran with an off ramp to refrain from counterattacking.
There was a time when violence in the Middle East led to big spikes in oil prices, but that's not what's happened despite the volley of attacks between Israel and Iran that threaten to plunge the oil-
New political developments could might curb some of oil supply.
Crude oil prices surge early then hang on for a small gain, as the market stabilizes amid new sanctions, OPEC+ policies and regional tensions.
The broader market has been in flux with the tech-heavy S&P 500 (^GSPC) down for the last trading week. Recent geopolitical tensions in the Middle East haven't been the sole detractor from 2024's mark
Bob McNally, Rapidan Energy Group Founder & President, joins 'Closing Bell Overtime' to talk the state of the energy markets as Middle East conflicts push oil higher.
Oil markets pulled back from session highs as reports indicated that Israel's response to the recent Iran's attack was carefully measured.
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