Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Stock markets recover as oil retreats
The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilise. Brent and the key US contract…
Imperial Oil Ltd. stock falls Friday, underperforms market
Shares of Imperial Oil Ltd. IMO slid 0.10% to C$181.29 Friday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.50% to 35,369.10. Imperial Oil Ltd.
Stock Market Today: Crude Oil Slips on New Hopes for Peace Talks Headline -- WSJ
Brent crude futures fell 3.5% to about $91 a barrel, after Reuters reported that Pakistan and Iran are exploring a path towards new talks with the U.S. Oil's decline, which had started earlier in the session, eased pressure on government bond…
U.S. Stocks Stabilize as Oil Retreats on Peace Talk Hopes -- Update
The Dow Jones Industrial Average rose 235.60 points, or 0.46%, to 51947.25. The S&P 500 gained 3.69 points, or 0.05%, to 7411.98, while the Nasdaq Composite dropped 161.87 points, or 0.64%, to 24975.82. According to preliminary data, there were…
Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface
NEW YORK (AP) — Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil…
Oil markets face costs of Iran war | Arkansas Democrat Gazette
American drivers face fresh sticker shock after disruptions from the Iran war intensified in recent days, sending oil over $100 a barrel and national gasoline prices above $4 a gallon. But prices could be poised to go significantly higher, energy…
Stock Market Skids On Oil, Google, Tesla: Weekly Review
The stock market retreated this past week as crude oil prices surged yet again and Treasury yields hit 18-month highs. The Nasdaq tumbled to undercut June lows while the S&P 500 regained and then lost its 50-day line. The Dow Jones and small-cap…
The world is facing its largest oil shock ever. Here is why prices are not higher.
Global oil prices topped $100 a barrel this week, bringing crude futures back to a two-month high. Their share surge erased all of the relief seen since the U.S. and Iran agreed to a ceasefire and a “ memorandum of understanding ” in…
Higher oil prices hit groceries, gas, back-to-school items - TT
Back-to-school shoppers may see higher prices. (Dusan Stankovic/Getty Images) Oil surged above $100 a barrel July 23 amid renewed Middle East fighting, pushing U.S. gasoline prices to a national average of $4.09. Higher fuel costs are raising…
Stocks waver on Wall Street while crude oil prices fall for the first time in a week
NEW YORK — Stocks drifted to a mixed finish on Wall Street Friday as oil prices slipped for the first time in a week. Every major index lost ground overall for the week amid increasing pressure from a sharp escalation in the U.S. war with…
Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says
The breakdown of the US-Iran ceasefire threatens to leave Brent crude hovering around the $100-a-barrel mark well past July and into the end of the year, according to Rapidan Energy Group's increased forecast. The consulting firm raised its…
Wall Street Bulls Are Staring Down $100 Oil, Tariffs, AI Angst
Every bull market has a recurring cast of villains. Oil shocks. Inflation. Rising bond yields. Trade wars. This week, investors had to contend with all of them at once. Brent crude broke above $100 a barrel on Thursday for the first time in two…
How Oil Chaos on Four Fronts Drives Wild Swings and Supply Fears
George Prokopiou, the reclusive Greek tanker magnate, has made a fortune by sending his vessels to places where others fear to pass. Since the Iran war broke out, his company, Dynacom Tankers Management, has succeeded in getting more than a dozen…
Trump has no remaining levers to pull as oil hovers near the $100 'psychological' threshold
President Donald Trump is essentially out of “levers” to pull during a second phase of the Iran war as oil prices again flirt with the $100 per barrel “psychological” threshold that makes energy markets jittery. With…
Overseas buyers in hot pursuit of U.S. crude oil - TT
Drilling rigs in the U.S. (Justin Hamel/Bloomberg) Overseas refiners increased purchases of U.S. crude after attacks in the Red Sea and Black Sea disruptions heightened global supply concerns. Strong demand lifted Gulf Coast WTI to a roughly $5…
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