Oil prices rose more than 1% on Wednesday, June 3, continuing the rise seen in the previous session, as renewed hostilities in the Middle East and stalled negotiations between Iran and the United States added uncertainty to the market. At 0640 GMT, Brent crude futures were up $1.56, or 1.6%, at $97.56 per barrel (bbl),…
President donald trump He called the recent oil crisis a “little excursion” and predicted that prices will drop quickly when the war in Iran is resolved. But the longer the Strait of Hormuz remains closed, the harder it will be to defend that assumption. In an April 26 note, Goldman Sachs commodities analyst Daan Struyven…
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…
Oil markets remained nervous early Monday as Asian trading began, with all eyes on reports of possible progress in peace talks between Russia and Ukraine. At the same time, the strengthening US dollar is adding downward pressure to prices, with both major benchmarks losing about 3% last week. At the time of writing, West Texas…
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…
The stock market had a bit of a back-and-forth on Thursday as people who invest money kept a close eye on what the Federal Reserve, a large financial group, might do with interest rates. The S&P 500, which is like a big group of major companies, went up and down, but overall it didn’t change…
US stock futures were steady on Tuesday, with the possibility of an eighth straight weekly win still in sight. Despite warnings that expectations of interest rate cuts may be excessive, investors remain optimistic. Dow Jones Industrial Average (^DJI), S&P 500 (^GSPC) and Nasdaq 100 (^NDX) futures held just above the flat line. There were marginal…
Oil posted its third straight week of losses on Friday as traders grew increasingly concerned about oversupply. West Texas Intermediate (CL=F) was trading at $57.54 a barrel, while Brent futures (BZ=F) were trading at $61.29 a barrel, its lowest level since May. WTI and Brent closed the week with a drop of more than 2%….
