Trump's escalation warning pushed Asian stocks down and oil prices sharply higher. Markets reversed gains as hopes of a quick war exit faded.
Oil prices briefly fell after Donald Trump's comments raised hopes of a U.S. exit from the Iran conflict, but quickly rebounded as unresolved tensions and risks around the Strait of Hormuz kept supply
U.S. West Texas Intermediate crude futures for May dropped 0.43% to $98.42 a barrel as of 9:15 p.m. ET. International benchmark Brent crude was flat at $101.08 per barrel.
Oil prices fell more than $1 early on Thursday as markets awaited an address to the nation ​by President Donald Trump that could signal a U.S. ‌pullback from the war in Iran.
Oil fell on the prospect of a quick end to the U.S.-Iran conflict. The markets have continued to price in de-escalation, said FOREX.com,
Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, said that despite high oil prices she feels the price of brent should be even higher to reflect the reality o
Oil traders are waiting for Trump's comments on Iran.
Daan Struyven, co-head of global commodities research at Goldman Sachs, joins 'Squawk Box' to discuss the state of energy markets, impact of the Iran war on oil prices, and more.
U.S. crude-oil inventories rose more than expected in a sixth consecutive weekly increase, while gasoline and distillate stocks fell.
Crude oil continues to see a little bit of a pullback as the war seems to be at a turning point potentially.
Russia's ‌foreign ministry said on Wednesday it expects the OPEC+ monitoring panel to discuss the recent rise in oil prices ​when it meets on April 5.
The International Energy Agency is assessing whether more barrels need to be released from its reserves, Fatih Birol said
The oil supply shock will be worse this month than in March, according to IEA Chief Fatih Birol. Birol told the “In Good Company” podcast his organization was weighing another release of strategic
Oil jumps 36% in March as Hormuz disruptions reprice risk. Will WTI Crude surge to $110, or will strategic inventory releases push prices back to $90?
President Donald Trump and Iranian President Masoud Pezeshkian both suggested the conflict could end soon
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