Wall Street was moderately upbeat last week, with the S&P 500 advancing 0.5%, the Dow Jones growing 1.2% and the Nasdaq Composite inching up 0.2%. The week was quite eventful, marked by the Fed meeting,...
On Thursday, West Texas Intermediate futures maturing in March 2025 traded nearly 0.5% lower, while Brent futures maturing in the same month were down almost 0.4%.
Oil prices continued their upward climb for the third straight session. Brent crude, the global benchmark, surged past $81 a barrel, a level not seen since late August (per Reuters), while U.S. West Texas...
After a consecutive two-year annual decline, oil prices regained momentum to start 2025. Brent topped $81 per barrel following additional sanctions on Russia’s oil sector, which has threatened oil supplies....
Wall Street was downbeat last week, with the S&P 500 losing 0.7%, the Dow Jones shedding 1.1%, and the Nasdaq falling 0.6%. A spike in U.S. Treasury yields, driven by the release of upbeat jobs data, contributed...
Wall Street delivered a muted performance last week with the S&P 500 gaining 0.2%, the Dow Jones adding 0.1% and the Nasdaq advancing 0.1%. Escalating tensions in the Middle East, lukewarm U.S. manufacturing...
After a solid third quarter, the U.S. stock market is now in the middle of a vicious circle of woes at the start of the new quarter. The tensions in the Middle East have intensified following Iran's launch...
The OPEC+ alliance is once again intensifying efforts to ensure member compliance with its agreed oil production cuts, continuing a three-pronged strategy that includes formal and voluntary output reductions.Two...
Oil prices have been under pressure lately. The WTI crude ETF USO and the Brent crude ETF BNO are down about 10% and 9.5%, respectively, past month. In its monthly report, the Organization of the Petroleum...
Oil prices remained under pressure lately with the WTI crude exchange-traded fund (ETF) United States Oil Fund LP USO losing about 5.3% past week. The ETF slumped more than 3% on Tuesday. United States...