Oil futures rose Friday, booking strong weekly gains, as concerns grew about a drop in Russian exports following the imposition of a price cap by G7 countries earlier this month. Russia’s deputy prime...
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Oil futures fall 10% for week as China’s COVID worries darken demand picture
Oil futures logged their second straight weekly declines, pressured as a resurgence of COVID-19 worries clouded the energy demand picture, and broader markets kept eyes on a hawkish Federal Reserve. U...
Oil ends higher; natural gas prices post a weekly loss of more than 20%
Oil futures ended higher on Friday, while natural-gas futures extended their losses into a sixth-consecutive session to end the week with a loss of more than 20%. Price action West Texas Intermediate ...
Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.
Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply ont...
Crude Oil Prices Tick Higher After Putin Threatens to Let Europe ‘Freeze’
Text size Russian President Vladimir Putin Mikhail Klimentyev/SPUTNIK/AFP via Getty Images Oil prices inched up on Thursday after Russian President Vladimir Putin hinted that he might tear up supply c...
Ready to cash out some gains on this stock market run? An exit path is about to emerge, says this strategist
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s econ...
Commodity price declines may shape Fed’s rate-hike path, says economist
A significant downturn in commodity prices could give the Federal Reserve cover to change its aggressive pace of planned interest rate hikes, according to a report from Capital Economics. The centra...
Why crude released from U.S. oil reserves may have ended up being exported overseas
U.S. drivers had high hopes that the historic release of oil from the nation’s Strategic Petroleum Reserve would help ease triple-digit prices of crude oil and reduce gasoline prices at the pump, but ...
Oil prices end lower to break a string of weekly gains as demand worries linger
Oil futures finished with a loss on Friday, with U.S. and global benchmark prices ending a streak of weekly gains, as investors juggled recession fears and concerns over demand. Price action West Texa...
Oil prices could go ‘parabolic,’ putting global economy in ‘critical situation,’ says Trafigura chief
“‘We have got a critical situation. I really think we have a problem for the next six months. … [O]nce it gets to these parabolic states, markets can move and they can spike quite a lot.’” — Jeremy We...
Oil under pressure to start the week, as Saudis drop prices, China exports slump
Crude tracked a selloff in global assets on Monday, with the commodity pressured as Saudi Arabia slashed cut prices for Asian customers and elsewhere, and China reported sharply weaker export data. Pr...
Oil joins tumbling commodities as China COVID spread triggers fresh demand worries
Oil prices tumbled on Monday, amid fresh worries that spreading COVID cases and more lockdowns in China will hurt demand. That has added to concerns that Federal Reserve tightening could also weaken p...
U.S. natural gas is trading at an ‘insane’ price — Why it hit a 14-year high
Natural-gas futures on Thursday posted a gain for the holiday-shortened week, their fifth weekly climb in a row, with prices for the fuel settling at their highest in close to 14 years. The front-mont...
Oil futures suffer biggest weekly percentage decline in nearly 2 years
Oil futures ended lower Friday, with prices posting their largest one-week percentage loss in nearly two years. Prices declined on the back of the largest-ever release from U.S. crude reserves and new...
How would the economy handle $200 oil? Here’s what one simulation found
Oil has been one of the most volatile assets since the Russian invasion of Ukraine as traders balance the impact of sanctions with both the likelihood of increased production elsewhere and the possibi...
Oil rises after reported strike on Saudi oil facility, with global prices up nearly 12% for the week
Oil futures finished higher on Friday, giving up earlier declines and boosting global prices by nearly 12% for the week, after reports of an attack on an oil facility in Saudi Arabia renewed concerns ...
Larry Fink says globalization is over — Here’s what it means for the markets
BlackRock founder Larry Fink declared that the Russia-Ukraine war is bringing the era of globalization to an end, but investors should keep in mind that the global economy and the financial system can...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
European stocks pounded as oil spikes on possible ban on Russian imports
European stocks careened lower on Monday on the threat of further sanctions against commodities production giant Russia over its invasion of Ukraine. The Stoxx Europe 600 SXXP, -2.63% slumped nearly 4...
What the threat of a Russian invasion of Ukraine means for markets
Fears of a Russian invasion of Ukraine are keeping investors on edge. President Joe Biden on Friday said he believed Russian leader Vladimir Putin had made up his mind to invade in coming days but tha...
What a Russian invasion of Ukraine would mean for markets as White House warns attack could come ‘any day now’
Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine. The spark came as Jake Sullivan, the White House national security adviser, warned Friday afterno...
Here’s what a Russian invasion of Ukraine would mean for markets
Fears of a Russian invasion of Ukraine are on the rise, prompting analysts and traders to weigh the potential financial-market shock waves. “If Russia invades Ukraine, the trade is buy TY,” wrote Bren...
Brent crude hits two-month high as China lifts COVID restrictions. Analyst predicts $124/barrel is next.
Brent crude surged to levels not seen in two months on Monday, as easing COVID restrictions in China’s biggest cities drove fresh hopes for demand. U.S. markets will be closed on Monday in observance ...