Tri-Pinned

Summary WSJ reports IEA proposed largest-ever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 (Reuters) – Oil prices rebounded on Wednesday as markets doubted whether the International Energy ​Agency’s reported plan for a record release of oil reserves could offset …

Oil Shrugs Potential IEA Reserves Release, Gains on Supply Worries Read More »

Summary Oil prices fall after topping $119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge but holds off tapping reserves (Reuters) – Oil prices ​plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session …

Oil Sinks 7% as Trump Predicts Middle East De-Escalation Read More »

  Summary Brent, WTI hit highest levels since July 2022 Brent jumps as much as 29%, WTI surges up to 31% Iraq, Kuwait cut oil output Iran names hardliner Mojtaba Khamenei as new supreme leader (Reuters) – Oil prices surged over $119 a barrel, hitting ‌levels not seen since mid-2022, on Monday as some major …

WHIPLASH – Oil Prices Surge to Highest Since 2022 at Over $119 a Barrel on Middle East War, Then Settle Read More »

(Reuters) – U.S. crude futures rose more than 20% in early trade on Monday, hitting ​their highest since July 2022, as the ‌expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait ​of Hormuz. U.S. West Texas Intermediate (WTI) crude futures ​gained as much as $20.34 a …

US Oil Prices Soar in Early Trading on Supply Fears Amid Expanding U.S.-Israeli War With Iran Read More »

Summary WTI hits level last seen in September 2023 Brent trades at $90 per barrel for first time since April 2024 Trump says he is unconcerned about rising gasoline prices Qatar’s energy minister says oil could reach $150 a barrel (Reuters) – U.S. crude oil futures climbed more ​than $10 on Friday, but remained under …

Iran War Sends US Crude up $10 a Barrel Read More »

Summary Geopolitical factors remain near-term key driver, analyst says US crude stocks up 5.6 million barrels last week, sources say (Reuters) – Oil prices rose about ​1% on Wednesday as U.S.-Israeli strikes on Iran disrupted Middle East supplies, but the pace ‌of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could …

Oil Prices up 1% as Iran Crisis Disrupts Middle East Supply Read More »

Summary Brent and WTI benchmarks gain more than $4 Vessels avoid Strait of Hormuz as freight rates soar Crude prices to remain elevated over coming days, say analysts (Reuters) – Crude oil benchmarks rose about 8% on Tuesday, soaring for a third session as the ‌U.S.-Israeli conflict with Iran widens, disrupting fuel shipments and heightening …

Oil Prices Keep Climbing as Expanding Conflict Heightens Supply Risks Read More »