Oil prices extended their rally as the Hormuz crisis, Iranian port blockade, and Middle East conflict kept supply risks high, while Brent and WTI remained in breakout mode despite a possible OPEC+ out
Oil markets tested new highs amid worries about escalation in the Middle East.
With oil flirting near $120 a barrel and inflation refusing to cool, the Federal Reserve is expected to do the only thing it can on Wednesday: nothing. The decision would also mark what is likely Jero
Strait of Hormuz closure cuts 20% of global oil supply, tightening balances, while US gas storage surges to record highs.
4:15pm: Stocks close lower Wall Street lost momentum on Tuesday, with the Dow, S&P 500 and Nasdaq all closing lower as weakness in chip stocks weighed heavily on sentiment, while oil prices pushed hig
Oil prices rose on ‌Wednesday, extending a multi-day rally, on reports the U.S. will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing reg
Crude oil's breakout above key resistance and reclaim of the 20-day moving average suggest bullish continuation, with Fibonacci targets pointing toward higher resistance zones ahead.
The UAE's exit from OPEC will undermine the cartel's ability to influence the oil market. This is because the UAE is second only to Saudi Arabia when it comes to spare production capacity, a crucial t
Oil markets keep moving higher as the Strait of Hormuz remains closed.
The crude oil market continues to see a lot of noise, as the Middle East situation continues to be very fluid, driving risk appetite back and forth as headlines and rumors are an issue.
Market Overview Geopolitical tensions are running high with US-Iran peace talks stuck in neutral – which basically means the Strait of Hormuz remains largely shut down. This is a big deal since it h
Crude oil prices remain supported as restricted Strait of Hormuz flows, stalled U.S.-Iran talks, and tanker disruptions keep supply risks high and push Brent and WTI toward higher levels.
Oil futures have tried and failed multiple times to get back above $103 a barrel, as a key momentum indicator has been held back.
Oil prices are moving higher as traders bet that U.S. and Iran will not reach a deal in the near term.
Energy ETFs gain appeal as oil prices are expected stay above pre-conflict levels, with supply shocks, stalled Iran talks & tight markets indicating sustained price strength.
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