Oil prices surged on Friday, with U.S. crude futures rising more than 12% as buyers sought alternative supplies amid the effective closure of the Strait of Hormuz during the escalating U.S.–Israeli conflict with Iran. Brent crude futures settled at $92.69 per barrel, up $7.28, or 8.52%, while U.S. West Texas Intermediate (WTI) crude settled at […]
Brent crude settled $4.01 higher, or 4.93%, at $85.41 per barrel, marking its fifth consecutive session of gains. U.S. West Texas Intermediate crude rose $6.35, or 8.51%, to $81.01. The rally comes as shipping through the Strait of Hormuz has effectively stalled, raising concerns that prolonged disruptions could force producers across the region to cut […]
Oil prices ended Wednesday little changed after a volatile session, as intensifying U.S. and Israeli strikes on Iran and continued disruption in the Strait of Hormuz kept markets on edge. Brent crude settled at $81.40 per barrel, unchanged from Tuesday and its highest close since January 2025. U.S. West Texas Intermediate rose 10 cents, or […]
Brent crude futures settled up $3.66, or 4.7%, at $81.40 a barrel — their highest close since January 2025. U.S. West Texas Intermediate crude rose $3.33, also 4.7%, to settle at $74.56, its strongest settlement since June. Brent has climbed roughly 12% since fighting began on Saturday. During the session, Brent touched an intraday high […]
Crude futures ended significantly higher after Israeli and U.S. strikes on Iranian targets, and Tehran’s retaliation, led to shutdowns of oil and gas facilities across parts of the Middle East and disrupted shipping through the vital Strait of Hormuz. U.S. crude settled up $4.21, or 6.28%, at $71.23 a barrel. Brent crude finished at $77.74 […]
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“If everyone is thinking alike, then somebody isn’t thinking.” – George S. Patton Jobs Update Stocks closed lower on Friday of last week and lower week-over-week The DOW closed lower on Friday of last week, down -521.28 points (-1.05%), closing out the week at 48,997.92, down -628.05 points week-over-week. The S&P 500 closed lower on […]
Brent crude settled up $1.73, or 2.45%, at $72.48 a barrel, while U.S. West Texas Intermediate rose $1.81, or 2.78%, to $67.02. Both benchmarks traded at their highest levels since July and August, respectively, and were on track for solid weekly gains. Although U.S. and Iranian officials agreed to extend indirect negotiations into next week […]
The market swung between gains and pullbacks as headlines emerged from indirect talks in Geneva between U.S. and Iranian officials. Early in the session, crude climbed more than $1 after reports suggested negotiations had stalled over Washington’s demand that Tehran halt uranium enrichment entirely and hand over its stockpile of highly enriched material. Prices later […]
Oil prices finished little changed on Wednesday as a massive U.S. crude stock build failed to significantly ease market anxiety over the risk of military conflict between the United States and Iran. Brent crude settled up 8 cents at $70.85 a barrel, while U.S. West Texas Intermediate slipped 21 cents to $65.42. The muted price […]