In the commodities asset class, in May 2026, ICE cocoa futures were the only commodity to post a percentage gain just below double digits. Palladium, WTI, Brent crude oil, gasoline, heating oil, crack gasoline spread, frozen concentrated orange juice, and Ethereum declined more than 10%. Major stock indices rose, while long-term bond futures were stable….
By Shadia Nasralla LONDON, March 9 (Reuters) – Oil prices rose above $119 a barrel on Monday, reaching levels not seen since mid-2022, as some major producers cut supplies and fears of a prolonged shipping disruption gripped the market due to the escalating U.S.-Israel war with Iran. Brent crude futures were up $8.77, or 9.46%,…
Commodity strategists at major Wall Street investment banks expect 2026 and 2027 to be difficult years for the oil industry. And that’s after a nearly 20% drop in oil prices this year. According to a base case set by JPMorgan’s commodities team led by Natasha Kaneva, Brent crude oil (BZ=F), the international benchmark price, will…
Investors and analysts have spent much of the year taking the view that the oil market, which has been in oversupply mode, is headed straight for a glut through 2026, and that glut could reach as much as 4 million barrels per day (b/d) and further depress global prices along the way. That scenario still…
Asian markets saw a significant rise on Thursday, driven by the impressive performance of Wall Street, which reached its highest level in more than a year. The increase came after a report revealed that US consumer inflation had cooled more than expected in the previous month. In afternoon trading, Japan’s benchmark Nikkei 225 index soared…
Oil prices were little changed in the current week, with bearish sentiment still dominating markets after the United States agreed to a one-year truce in its trade war with China, despite reports that Indian refiners are abandoning Russian oil following fresh US sanctions. Brent crude for December delivery was trading at $65.07 a barrel at…
The release of the September jobs report has triggered a flurry of activity on Wall Street, with investors closely watching the Federal Reserve’s response to unexpected data. The Dow Jones Industrial Average (^DJI) is down 0.3%, approximately 90 points, following a recent recovery. Meanwhile, the S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) are also…
The future of US stock prices fell a bit after Microsoft Corp. and Alphabet Inc., Google’s parent company, shared their earnings reports. It’s a bit of a mixed bag for the tech giants, and this is setting the tone for other companies that have yet to share their numbers this week. Nasdaq 100 contracts fell…
By Enes Tunagur LONDON (Reuters) – Oil prices rose almost 5% on Thursday after the United States imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war, extending gains from the previous session. Brent crude futures were up $2.98, or 4.8%, at $65.57 a barrel by 1211 GMT, while U.S. West Texas…
Oil volumes transiting the sea continue to rise to multi-year highs as supply from both OPEC+ and non-OPEC+ exporters increases, and more long-distance voyages are made from the Atlantic to the Pacific basin due to favorable arbitrage economics. This huge increase in supply has contributed to lower prices, with WTI crude oil falling to $56.84…
