(Bloomberg) – U.S. equity index futures fell and oil extended gains after President Donald Trump signaled a further escalation in the war on Iran, adding to the risk of energy panic already looming in the global economic outlook. Futures contracts for the S&P 500 Index fell 0.2% as traders cut back on predictions that higher … Read more
In the weekend that the US-Israeli drones began to rain on Tehran, energy traders across the world’s major financial institutions began to update their strategies. When they returned to their trading desks on Monday morning in May, they found oil and gas prices soaring amid a market nightmare come true: the unexpected closure of a … Read more
The common concept used by the markets remains, at least according to financial analysts: what is bought is what counts. Oil is still higher but has not yet shown an uncontrollable trend. LNG is still being certified but is still sold in known or common forms. Property prices are increasing, insurers are reducing risk, and … Read more
Comments: Oil prices rose after Trump’s speech, with Brent rising to $110 a barrel after briefly falling to $99 on Wednesday on hopes that he will soon make a deal with Iran. Stocks fell overnight in Asia and Europe, and opened higher in early trading in New York on Thursday. Stocks later rallied and ended … Read more
Written by Michael S. Derby April 2 (Reuters) – Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to increase production and protect consumers from higher gasoline prices in the near future. The price US producers say they need to see to start drilling is just shy of $70 … Read more
The conflict in the Middle East has caused oil prices in the United States to rise to their highest level in four years. It’s bad news for everyone, but the domestic effects of the war are likely to be irreparably damaging, and in the process destroy one of the great engines of economic growth. Iran’s … Read more
Moneywise and Yahoo Finance LLC may receive commission or revenue from the links below. As the Secretary of the Interior, Doug Burgum explained how the increase in oil production in Venezuela could help lower gas prices for Americans, President Donald Trump intervened on a different issue (1): “Forget that – when are they going to … Read more
Power traders say online betting platforms are directly driving the global oil market as they rely heavily on unpredictable markets to secure multi-million dollar trades. Market experts said that datafeeds from forecasting platforms such as Polymarket are used to create algorithms that influence trades in the global Brent crude futures market. Polymarket’s “extensive” use of … Read more
HONOLULU (HawaiiNewsNow) – Hawaii’s electricity customers should brace for possible increases in energy costs in the coming months, driven by rising global oil prices linked to rising political tensions, including the ongoing conflict involving Iran. As an island nation that relies heavily on imported fuel for power generation and transportation, Hawaii is very sensitive to … Read more
Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more