oil prices

Investors on Monday continued to watch mounting tension in the Persian Gulf region as Iran said it arrested several Iranians working as American spies, Britain demanded that Iran’s government release a captured British tanker and its crew and U.S. warships patrolled nearby. Oil prices were up...

Brent and U.S. crude futures were each higher by more than 2% Monday morning ahead of expectations for OPEC to extend an oil output cut. What To Know OPEC and its allied nations will gather in Austria Monday and Tuesday with a key topic of conversations the extension of the 2017 production cuts....

Oil prices surged overnight and into Friday morning on the back of the explosion at Philadelphia Energy Solutions, the biggest refiner on the U.S. East Coast. But by about 11:00 a.m. Eastern time this morning, the gains had been largely stabilized without significant upward momentum. Since the...

Brent crude oil prices rose more than 4% Thursday morning amid reports of two tanker attacks near Iran's coastline. What Happened Two tankers in the Gulf of Oman suffered significant fire damage, one of which docked in Saudi Arabia and was destined to Singapore, according to CNBC. The other...

Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. What To Know U.S. and China trade tensions continue showing no signs of a near-term resolution which could translate to limited oil demand and investors taking a risk...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. When the price of oil first began declining in fall 2014 under the weight of increased supply from the U.S. shale fields, the news media covering this historic decline kept looking for that...

Saudi Arabia's energy minister said Monday that two of its tankers came under attack over the weekend. What Happened At least four separate oil vessels, two of which belong to Saudi Arabia, came under attack in the Gulf of Oman near the United Arab Emirates' eastern coast, The Wall Street...

Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships to the Middle East, possibly an escalation amidst growing tensions with Iran, can further create volatility in oil prices....

FreightWaves' SONAR chart of the week (May 5, 2019 – May 11, 2019) Chart of the Week: Drilling Permit Approvals, New Drilling (USA) vs. WTI crude oil price (SONAR: DRILLNEW.USA, WTI.USA) The rise in crude prices is not resulting in an increase in the rig count and particularly not an...

After returning from a long weekend, investors and traders appear to be gearing up for a busy week on the earnings front as they continue awaiting a potential trade deal between the United States and China. In general, earnings season is turning out to be better than analysts expected, although...

Wall Street took on a slightly green tint early Wednesday as investors sorted through another bag of hot, fresh earnings. Morgan Stanley’s (NYSE: MS) latest quarter got an early thumbs up from investors, but Netflix.com, Inc. (NASDAQ: NFLX) appeared to get a thumbs down. Morgan Stanley...

Now that this week’s Fed meeting is out of the way and there’s not too much on the corporate earnings front, investors will likely be looking for international catalysts for stock market direction, such as news on the U.S.-China trade front or Britain’s exit from the European...

The market seems to be catching its breath after sprinting for the first two months of the year. But for how long it will stay winded remains to be seen.  With earnings season mostly in the rearview and the market perhaps having baked a dovish Fed and a trade deal with China into the...

Traders and investors returned to the U.S. equities market after a three-day holiday weekend in a cautious mood ahead of another round of trade talks between the world’s two largest economies. This set of negotiations, in Washington this week, comes after a round of talks last week in Beijing...

February could bring a heaping plate of geopolitical drama to markets around the world, potentially helping to end a brief calm that settled over January. As the month starts, markets were basking in the Federal Reserve’s decision to hold interest rates steady, along with better than expected...