Shares of the producer and exporter of liquefied natural gas (LNG) Global company (NYSE: VG) fell 16.6% in the week through Friday morning. The move comes as hot money has been flowing out of stocks following comments from the US administration suggesting a relatively quick resolution to the Gulf conflict. The Strait of Hormuz, along…
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…
Wall Street is detecting signs that the “TACO” playbook is underway. “Trump always chickens out” – a reference to the president’s habit of backtracking on policies that shake markets – resurfaced last week when he extended a pause in attacks on Iran’s energy facilities to allow time for negotiations aimed at reopening the Strait of…
By Jarrett Renshaw HOUSTON, March 26 (Reuters) – U.S. officials said this week that the historic surge in fuel prices during the war in Iran will be short-term and touted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe lamented the worst disruption to…
With the axiom of “buy low and sell high”, now is the time to buy low! Our economy has excellent fundamentals as oil production is at record levels, while $18 trillion in investment commitments along with 9 better trade deals should lead to a very strong economy by the second half of 2026. From the…
(Bloomberg)– Oil markets are headed for even greater chaos on Monday as the war in Iran unleashes unprecedented disruption: Major producers are curbing production as storage fills and the most important waterway for global energy markets remains virtually closed. Bloomberg’s Most Read The United Arab Emirates and Kuwait have already begun to reduce oil production…
Wall Street spent last week treating the Iran war as an unpleasant headline cycle: alarming and costly, but perhaps still survivable with enough denial and a functioning commodities desk. JPMorgan Chase, however, simply put a number on that anxiety. Bloomberg reported Monday that Andrew Tyler, the bank’s head of global market intelligence, has turned “tactically…
Oil prices surpassed $100 a barrel for the first time since the early months of Russia’s invasion of Ukraine in 2022, with no signs of slowing in what has been the fastest oil rally since the 1980s. Futures on international benchmark Brent crude (BZ=F) and US benchmark West Texas Intermediate crude (CL=F) rose more than…
Rising tensions around the Strait of Hormuz are once again forcing cryptocurrency traders to look beyond blockchain fundamentals and towards global macro risk. Approximately 20% of the world’s oil supply passes through the narrow shipping corridor between Iran and Oman daily. While a complete shutdown has not been confirmed, the escalation of military activity in…
