Crude prices were up by about $3/bbl at 11:15 a.m. ET, with the NYMEX April West Texas Intermediate contract trading $3.35 higher at $86.80/bbl and May WTI up $3.46 to $85.56/bbl. Prices are about $8 ...
Tensions in the Middle East following U.S.-Israeli strikes in Iran have disrupted global oil and gas supplies and pushed up prices. This has raised questions about the amount of oil reserves the ...
Oil near $100 rattles global markets as Strait of Hormuz disruption fuels inflation fears. Energy volatility raises new questions for natural gas futures outlook.
Iran war may drive a 1B barrel oil deficit, fueling higher prices and weaker GDP. Read more macro analysis here.
About 20% of di world oil usually pass through di Strait of Hormuz and di war don reduce sea traffic and send global oil prices to begin dey go up.
Countries such as Indonesia and Vietnam heavily depend on fuel imports and have limited energy reserves.
April WTI crude oil (CLJ26) on Thursday closed up +8.48 (+9.72%), and April RBOB gasoline (RBJ26) closed up +0.1763 (+6.32%).
U.S. natural gas prices remain relatively stable around $3.10–$3.40/MMBtu because export terminals are already operating near full capacity and domestic production continues to rise.
April WTI crude oil (CLJ26) today is up +8.84 (+10.13%), and April RBOB gasoline (RBJ26) is up +0.1341 (+4.81%). Energy ...
State gas prices rose for the second consecutive week and reached an average of $3.35 per gallon of regular fuel on Monday, ...
Tanker backlogs, damaged energy infrastructure and threats in the Strait of Hormuz could keep gasoline prices elevated.
--Soybeans for May delivery rose 1% to $12.25 3/4 a bushel on the Chicago Board of Trade on Thursday, with the Strait of Hormuz remaining closed and crude oil surging back to the $100/barrel level.