The Middle East conflict has triggered widespread supply shocks for multiple commodities, deeply impacting the global energy, petrochemical, agriculture, and shipping industries, among others. The disruption of shipping through the Strait of Hormuz, which handles nearly 27% of global maritime oil trade, has triggered historic shortages and long-term operational strain on the Gulf’s energy infrastructure,…
The S&P 500 Index ($SPX) (SPY) today rose +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.59% and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.98%. E-mini S&P June futures (ESM26) rose +0.73% and E-mini Nasdaq June futures (NQM26) rose +0.92%. Stock indices are rising today, with the S&P 500 at a 1.5-month high,…
Crypto ends week higher after US-Iran ceasefire Cryptocurrency prices were poised to end the trading week higher after the United States and Iran announced a two-week ceasefire. Prices of digital assets such as Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) rose along with stocks, as crude oil prices fell below $100 a barrel following news…
May WTI Crude Oil (CLK26) is down -1.62 (-1.60%), and May RBOB Gasoline (RBK26) is down -0.0787 (-2.46%) today. Crude oil and gasoline prices are sharply lower today amid growing optimism that the war in the Middle East is coming to an end. Crude oil prices remained low after EIA weekly crude oil inventories rose…
The dollar index (DXY00) rose to a 10.5-month high on Monday and ended with a gain of 0.40%. The dollar gained on Monday on safe-haven support amid concerns about a protracted war in Iran. President Trump told the Financial Times on Sunday that he wants to “take Iran’s oil” and could seize the Kharg Island…
The dollar index (DXY00) rose +0.51% on Wednesday. The dollar today recovered from initial losses and rose after February producer prices in the United States rose more than expected, a hawkish factor for the Federal Reserve’s policy. Additionally, signs of escalation in the war with Iran sent stocks tumbling and boosted liquidity demand for the…
Maybe the war in the Middle East will end soon. But it has become very expensive and is becoming more expensive at home and (obviously) in the combat zone. Crude oil prices rose in early trading on March 19, as did prices at the pump, both in the United States and elsewhere. Gasoline futures prices…
Exxon Mobil Corporation (NYSE:XOM) is included among the 12 Best Large-Cap Energy Stocks to Buy Now. Exxon Mobil (XOM): Among the best large-cap energy stocks to buy now Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest integrated fuels, lubricants and chemicals companies. Exxon Mobil Corporation (NYSE:XOM) received a boost on March 12 when…
Jet fuel prices are rising as the war in the Middle East disrupts global oil supplies, putting pressure on airline costs as the busy summer travel season approaches. Experts say it’s not a question of if airfares will rise, but when, for how long and by how much. The impact may be felt most on…
Soybean oil futures (ZLK26) present a selling opportunity amid further price weakness. See on the daily bar chart of May soybean oil futures that prices have pulled back quite a bit from this week’s contract high, including producing a technically bearish buying “exhaustion tail,” whereby bulls ran out of gas at higher price levels. That…
