Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Industrials Down as Oil Rebound Weighs on Transports - Industrials Roundup
Shares of industrial and transportation companies fell after a rebound in oil futures weighed on some freight firms. Shares of package-delivery giants UPS and FedEx fell. Defense contractors initially rose after President Trump declared the…
Energy, Oil Stocks Tick Higher After Trump Says Ceasefire With Iran Is Over
Shares of Exxon Mobil were up 1.6%, to $143.93, in premarket trading Wednesday. Meanwhile, Chevron's and Conoco Phillips' stock each climbed 1.7%, to $177 and $110.30, respectively. Shares of BP gained 1%, to $38.99. Occidental Petroleum's stock…
Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap
Oil gained and US equity futures ticked lower after the US said it is striking Iran for the second straight day, an escalation of violence that threatens to choke shipping through the Strait of Hormuz. West Texas Intermediate crude jumped 2.2% to…
Iran strikes drive oil price gains
On Tuesday, the U.S. said it was striking Iran in retaliation for attacks on three commercial ships in the Strait of Hormuz. On Wednesday, President Trump declared that the ceasefire that ended months of conflict was “over” and said…
Iran ceasefire's end drives up oil prices and uncertainty
The end of the U.S.-Iran ceasefire is driving oil prices higher and fueling uncertainty over future energy prices. On Tuesday and again Wednesday, the U.S. said it was striking Iran in retaliation for attacks on three commercial ships in the Strait…
The case for having Big Oil in your 401(k) or IRA
You might want to own a dedicated energy fund in your IRA or 401(k) if you want to cushion yourself from shocks like the one that just hit following the apparent collapse of the cease-fire with Iran. Regular stocks and bonds are down on the news…
Consumer Cos Down on Oil Fears - Consumer Roundup
Consumer companies fell sharply as oil futures rebounded due to renewed warfare in the Middle East. The U.S. Global Jets exchange-traded fund, which tracks the shares of major airlines, fell by more than 2%. A 'few' Federal Reserve officials said…
US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks
The United States on Tuesday re-imposed sanctions on Iranian oil, as a U.S. official warned that Iran's attacks on vessels in the Strait of Hormuz were 'wholly unacceptable' and would be met with consequences. SCROLL TO CONTINUE WITH CONTENT Oil…
U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose for the first time in 11 weeks as production and imports increased and exports fell, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
Stocks down and oil up as Donald Trump declares Iran ceasefire over
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Stocks plummeted on Wednesday as tensions flared in the…
Oil surges as Strait of Hormuz is back into 'full conflict conditions'
Ratcheted-up tensions in the Middle East and a soured ceasefire between the U.S. and Iran have put the brakes on Strait of Hormuz transits and renewed worries about crude supply and stockpiles. Investors scrambled to analyze the setbacks as…
Oil Extends Surge as Fresh US Strikes Against Iran Rattle Market
Oil extended a powerful surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the region. West Texas Intermediate rose as much as 2.2% to top $75 a barrel, while Brent closed near $78. US forces started…
Markets Trade Lower And Crude Oil Spikes
Unexpected shift in U.S./Iran peace talks sparks reaction. Micron's officially in bear territory. Fed to release FOMC market minutes. Brace yourself for a possibly rough day of trading. The three major market indices were drenched in red in the…
Futures: Oil Jumps On Iran News, But Nvidia, Valero, Dell Rise
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures, while crude oil prices continued to rise. The U.S. said shortly after the market close that it launched new attacks on Iran. The stock market largely fell…
Oil Prices Rise on Renewed Supply Disruption Fears as U.S. Launches Strikes on Iran
The U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday following Tehran's recent attacks on ships near the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported. The…
Receive a Daily briefing on Oil Industry News
Get Started