United States Brent Oil Fund (BNO)
Oil edges down as investors weigh uncertainty over U.S.-Iran strikes
Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk disrupting supplies from the Middle East.
Oil Futures Fall on Likely Technical Correction
Oil futures fell in early Asian trade on a likely technical correction after the futures rose for a third consecutive session on Wednesday.
Strait of Hormuz Will Be a “Worthless Piece of Water” in Two Years. Why Oil Just Crossed $90/Barrel Anways
Treasury Secretary Scott Bessent, speaking at the G20 finance chiefs meeting, offered a two-year forecast in which he predicted the Strait of Hormuz would stop mattering to global oil. Meanwhile, Bloomberg's Jon Herskovitz described how a fresh round of U.S.-Iran strikes is happening now.
U.S. Crude Oil Stockpiles See Larger-Than-Expected Drop
Commercial crude oil stocks were down by 4.5 million barrels last week. Analysts had expected crude stocks to fall by 300,000 barrels.
US crude and gasoline inventories fell last week, distillates rose, EIA says
U.S. crude oil and gasoline inventories declined last week, while distillate stocks rose, the U.S. Energy Information Administration said on Wednesday.
OPEC+ likely to keep oil output policy unchanged on Sunday, sources say
OPEC+ is likely to keep its oil output policy unchanged for October at a meeting on Sunday, three sources close to the matter told Reuters, as the producer group completes the unwinding of one layer of production cuts this month and turns its focus to 2027 quota negotiations.
Energy Secretary Chris Wright tells CNBC that more than 17 million barrels of oil transited Hormuz on Monday
Energy Secretary Chris Wright tells CNBC that more than 17 million barrels of oil transited Hormuz on Monday
Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher
War weary and headed down Wall Street can't shake off the war jitters. Futures are pointing lower again, with the tech-heavy Nasdaq off 0.6%, the S&P down 0.2% and the Dow sitting on the gain line.
US traders bet on $95 oil as Hormuz conflict escalates
Prediction market Polymarket now puts a 57% chance on West Texas Intermediate (WTI) crude touching $95 a barrel before the end of September. That probability has risen seven percentage points in recent trading, reflecting mounting fears over a widening confrontation between the United States and Iran.
Oil Hovers Close to $95 as Middle East Conflict Further Pressures Bonds
Oil hovered around $95 a barrel as the U.S. and Iran exchanged fresh strikes, putting further pressure on bond yields as a rout in sovereign debt extended in early European trade.
Eneos acquisitions test Japanese oil giant's global ambitions
Top Japanese refiner Eneos Holdings , cash-rich and facing declining demand at home, is in the midst of a push to expand its overseas footprint, testing its ability to broaden its revenue sources and manage assets abroad.
US energy chief says Venezuela oil output to more than double in next few years
U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years.
Trump Wants Big Oil to Build More Refineries. That's a Tough Sell.
Owning an oil refinery is a profitable proposition in the U.S. Building a new one? Not so much.
US energy secretary says 17 million barrels of oil transited Strait of Hormuz on Monday
U.S. Secretary of Energy Chris Wright said on Tuesday that 17 million barrels of oil transited the Strait of Hormuz on Monday, saying it marked the highest level of crude oil to pass through the waterway since the Iran war had reduced flows.
Oil Extends Advance as US-Iran Escalation Revives Hormuz Risks
Oil rose for a second session as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles. Leslie Palti-Guzman, Founder at Energy Vista, discusses the outlook for global energy as conflict in the Middle East continues to disrupt flow.
US Strikes Targets in Iran Around Strait of Hormuz
The US launched strikes against Iranian targets around the Strait of Hormuz, following Iran's attacks on commercial shipping and American forces in the region. Oil prices are spiking on the news.
Crude Oil Rebounds from Key Support as Middle East Risk Rises
Crude oil is rallying again with headlines pushing the markets on Tuesday. The market has bounced from the 200-day EMA as geopolitical escalation continues to put a floor under oil prices.
Oil Supertankers Reportedly Struck by Projectiles in Hormuz
Two oil supertankers were struck by projectiles while attempting to exit the Strait of Hormuz, maritime security consultant Marisks said. Separately, Iranian state TV cited President Masoud Pezeshkian as saying that the Islamic Republic will "take reciprocal action immediately" if the US "returns to its commitments" in the Memorandum of Understanding that was signed in June.
Natural Gas and Oil Forecast: Oil Supply Risks Rise as U.S. Gas Output Hits Record
Gulf fighting revives crude and LNG supply risks as WTI breaks higher, Brent targets $92.01 and record U.S. gas output cushions domestic supply.
Venezuela grants U.S.-backed NABEP 100-year concessions for 17 oil fields, White House says
Venezuelan interim authorities have granted North American Blue Energy Partners 100-year concessions for 17 oil fields, White House says.
