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$136.74
-4.12 (-2.92%)
At Close: Jun 04, 2026
World faces largest-ever oil supply disruption on Middle East war, IEA says
05:01am, Thursday, 12'th Mar 2026
The war in the Middle East is creating the biggest oil supply disruption in the history of the global market, the International Energy Agency said on Thursday, a day after the agency
Hormuz oil shock too large for markets to absorb, could lead to global recession: Analyst
04:17am, Thursday, 12'th Mar 2026
Commodity Context's Rory Johnston says markets are likely looking at a price hike of $2 to $3 a barrel per day everyday until the strait of Hormuz is open but warns a jump of 10 to $15 a barrel territ
IEA's 'historic' reserve oil release will take 60-90 days to physically hit markets: Strategist
04:17am, Thursday, 12'th Mar 2026
Raymond James' Pavel Molchanov says oil markets remain in ‘panic mode' as traders seek clarity on how quickly strategic reserves can reach the market. He adds that a coordinated release by members o
Indonesia's GoTo sees 2026 earnings growth, but watching oil price volatility: CFO
04:16am, Thursday, 12'th Mar 2026
Simon Ho, CFO of Indonesian superapp GoTo, shares his take on GoTo's ambitious full-year guidance but recognizes the uncertainty that volatile oil prices present. He also talks about the impact of fue
Oil shock has little bearing in the AI supercycle: Princeton Digital CEO
04:16am, Thursday, 12'th Mar 2026
Rangu Salgame, CEO of data center company Princeton Digital Group, says the current oil price shock is not particularly concerning from a long-term perspective, as he expects voracious consumer appeti
Oil supply gap far from closing despite reserve releases, strategist says
04:16am, Thursday, 12'th Mar 2026
Eli Lee,chief investment strategist at Bank of Singapore, explains why energy prices continue to soar despite the release of emergency oil reserves. He also talks about why gold and Treasuries have no
Wall Street futures drop as Middle East tensions lift oil prices to $100
04:00am, Thursday, 12'th Mar 2026
U.S. stock index futures fell on Thursday as oil prices soared to around $100 a barrel, fanning inflation worries and forcing traders to dial back expectations of U.S. interest rate cuts.
Traders put 72% odds on oil returning to $100 as Iran conflict hits new phase
03:53am, Thursday, 12'th Mar 2026
Prediction market bettors are placing strong odds on crude oil prices surging back to $100 a barrel before the end of March, even as prices pull back sharply from the highs reached last week following
Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200
03:51am, Thursday, 12'th Mar 2026
Three more foreign vessels were struck off the coast of Iraq and the United Arab Emirates overnight, authorities said. The latest incidents in or near the Strait of Hormuz come shortly after Iran warn
Why markets are shrugging off a record oil reserve release
03:51am, Thursday, 12'th Mar 2026
An unprecedented move from the IEA is seemingly not enough for markets, as Brent tops $100 a barrel despite promises of further supply. With markets saying one thing and policymakers saying another, C
S&P500: US Indices Slide Today as Oil Shock Hits Risk Sentiment
03:38am, Thursday, 12'th Mar 2026
US stocks slide as oil spikes toward $100, raising inflation and recession fears. S&P 500 futures test key 200-day MA support as traders watch energy markets closely.
Explainer: How persistently high oil prices could impact India's vulnerable economy
03:33am, Thursday, 12'th Mar 2026
India's external balance and government finances could be hit if oil prices stay high for an extended period, economists have said, as the Iran war pushes up oil import costs and the subsidies needed
Natural Gas and Oil Forecast: Strait of Hormuz Risks Push Energy Higher – Can It Ignite a Move to $103?
03:08am, Thursday, 12'th Mar 2026
Oil markets hit a fever pitch as the Strait of Hormuz closure threatens 20% of global supply. Is Brent Crude destined for $109?
CNBC Daily Open: Oil markets: Nice try on the reserve release
03:02am, Thursday, 12'th Mar 2026
Oil prices surge despite strategic reserve release. The U.S. will also tap 172 million barrels from its Strategic Petroleum Reserve.
TotalEnergies caps oil prices for consumers amidst 'exceptional volatility'
02:43am, Thursday, 12'th Mar 2026
TotalEnergies said on Thursday it would cap the price of petrol at 1.99 euros ($2.30) per liter and the price of diesel at 2.09 euros per liter in France.
