First Light News: April Defies Headwinds

04:28am, Friday, 01'st May 2026
In the equities space, Apple (AAPL) delivered results that I think broadly reassured a market that needed reassurance from the top of the Magnificent 7.
Hormuz disruptions keep Brent elevated near $112 targeting $119, while WTI holds $103 support and NatGas struggles to clear bearish channel resistance at $2.83.
Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports. Oil has soared more than a quarter over the past two weeks as the deadlock
Oil rose Friday after volatile trading as geopolitical risks tied to Iran persisted. Trump is facing a 60-day congressional deadline for the Iran war.
Oil rose. Prices remain high on increasing concern about the geopolitical situation in the Middle East, said Sky Links Capital Group.
U.S. West Texas Intermediate ​crude rose 41 cents ‌or 0.43% on open to $105.50 a barrel, ​after a ​prior intraday Thursday high of $110.93 ⁠a barrel ​after uncertainty on the ​direction
Crude oil shows short-term exhaustion after a strong rebound, with Fibonacci resistance and key moving averages suggesting vulnerability unless support levels hold firm.
Oil markets are moving lower despite lack of progress in U.S. – Iran negotiations.
Oil surges over 5% on extended Iran blockade fears. Leveraged energy ETFs like GUSH, ERX and OILU come into focus for short-term traders.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
S&P 500 futures rebound as lower oil and strong earnings lift US stocks, with indices nearing breakout levels as traders watch key resistance.
The crude oil markets gave back some of their gains early on Thursday, as we were far too overextended. At this point, the range in these markets continues to be extremely wide.
The United States is pressing ahead with plans for an international ​coalition to open the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surge on fears of le
The Strait of Hormuz crisis has drained 850M barrels, pushing WTI to $107 and Brent eyeing $115, while Natural Gas bears target $2.46.
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) shares rose 0.9% and 0.5% after crude oil prices surged to their highest levels since the US and Israel opened war on Iran.
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