Further Oil Price Spikes Could Rekindle Recession Fears
This week’s oil price surge sharply raised the odds of a Fed interest rate hike next week and re-launched the recession conversation, for the first time since t
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This week’s oil price surge sharply raised the odds of a Fed interest rate hike next week and re-launched the recession conversation, for the first time since t
Oil prices hit nearly $110 per barrel on Thursday for the first time since July, with no end in sight for the Middle East conflict. The IRGC announced on Wednes
Oil prices initially jumped by over 3% in early Asian trade on Monday as fears of a major and extended supply disruption were stoked by continued attacks in the
The recent spike in crude oil prices will likely result in a fresh rate hike by the Fed this week, according to data from CME Group, cited by The National today
The number of commodity vessels observed to have transited the Strait of Hormuz crumbled to single digits this weekend, and risks to supply from the Middle East
Asian refiners are not sure yet how the shutdown of the key Saudi East-West oil pipeline to the Red Sea would affect oil loadings at the port of Yanbu. Saudi Ar
Europe’s benchmark natural gas prices jumped by 6% at Monday market opening in Amsterdam as oil prices rallied amid the escalation in the Middle East that threa
Bitcoin rose above $77,000 as calls to slow AI development hit technology shares, while rising oil prices added to market pressure.
The Federal Reserve's two-day policy meeting begins tomorrow, with nearly all now expecting the U.S. central bank to hike its benchmark policy rate by 25 basis
The price of oil jumped Monday after Saudi Arabia shut a critical pipeline and talks about the future of the Strait of Hormuz were postponed.
Riyadh pulls out of regional talks to de-escalate hostilities over Strait of Hormuz in wake of drone attack last week
The Houthis’ Red Sea blockage is still largely an oil shock rather than a general threat to trade
President Trump said Ukraine’s attacks on Russian oil refineries were “hurting the world,” amid a global energy shock driven primarily by the U.S.-Israeli war w
Traders sold oil futures on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Ar
The cost of filling up a vehicle has rebounded, according to the RAC, as oil prices remain elevated.
Brent crude and West Texas Intermediate’s front-month contracts rose on Monday after Saudi Arabia closed its East-West pipeline, citing damage cause by drone at
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.
U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
The U.S.-Iran war has caused oil prices to surge and added to freight stress from tariffs, but no shipping trade has boomed quite like crude oil tanker futures.
Wall Street futures pointed lower pre-bell Monday as mounting concerns regarding AI development met