Oil futures fell on Wednesday to mark their lowest settlement in about seven weeks as fears of an oversupply of crude, and potential hit to demand on the back of the coronavirus outbreak in China, outweighed a disruption to Libyan production. West Texas Intermediate crude for March delivery CLH20, -2.76%Read More →
WASHINGTON — President Trump and his senior national-security advisers waited anxiously in the White House Situation Room Tuesday night after intelligence warnings that Iranian missiles would hit two bases the U.S. military uses in Iraq. When it became clear Iran had inflicted no casualties, there was relief, according to administrationRead More →
Now that U.S.-Iran tensions have cooled a bit, it may be time to revisit predictions from some strategists last year that said equities are primed for big gains in the first quarter. They may have been onto something. The Nasdaq Composite COMP, +0.67% nailed a record close on Wednesday, whileRead More →
Oil futures fell sharply on Wednesday, logging lowest settlement since mid-December, as comments from President Donald Trump calmed nerves surrounding a potential war with Iran. Prices had seen a sharp but brief spike late Tuesday, brought on by Iranian missile strikes at bases in Iraq where U.S. troops are stationed.Read More →
Crude oil prices surged and U.S. stock market futures tumbled late Tuesday after Iran fired multiple missiles at air bases in Iraq housing U.S. troops, raising fears of a wider Middle East conflict. Iranian state TV described the attack as a revenge operation over the killing of Revolutionary Guard Gen.Read More →
Oil prices continued to rise in late Sunday trading, continuing their surge in the wake of last week’s killing of Iranian Gen. Qassem Soleimani in a U.S. drone strike, which ratcheted up Middle East tensions. After opening nearly 2% higher, late Sunday, West Texas Intermediate crude for February delivery CLG20,Read More →
Consider it a wake-up call. Stock market investors shouldn’t panic, but intensifying U.S.-Iran tensions bring home the potential for geopolitical turmoil to make for more volatile price action in 2020 after a blockbuster 2019 rally, investors, analysts and economists said. Oil prices jumped Friday, while investors dumped equities and piledRead More →
Several rockets hit the Green Zone, a heavily fortified area in Baghdad that hosts the U.S. embassy and other diplomatic missions, on Saturday after thousands of people marched in a funeral procession through Iraq’s capital for Major General Qassem Soleimani, the Iranian military leader killed in a U.S. airstrike onRead More →
While some U.S. lawmakers have branded Qassem Soleimani a terrorist, the late Iranian general’s significance to the Iranian people was on full display on state TV and in the streets of Tehran. Many Iranians reacted with shock and anger to the killing of Soleimani, the leader of the foreign wingRead More →
Congressional response to the death of a top Iranian general in a U.S. airstrike in Iraq was decidedly mixed Thursday night. “This is very simple: General Soleimani is dead because he was an evil bastard who murdered Americans.” Sen. Ben Sasse, R-Neb., in a statement The Pentagon confirmed late ThursdayRead More →
Carlos Ghosn, the former chief of Nissan Motor Co. 7201, -0.45% and Renault SA RNO, -0.94% , unexpectedly left Japan, where he faces trial on charges of financial wrongdoing, and traveled to his homeland of Lebanon. Ghosn’s flight to a country that in 2017 put his image on aRead More →
‘A lot of you are in the real estate business, because I know you very well. You’re brutal killers. Not nice people at all, but you have to vote for me you have no choice.’ Those are just some of the words President Donald Trump used last Saturday night thatRead More →
Oil prices posted sharp losses Friday, trimming the November gain, as the much-anticipated approval of a production-cut extension at next week’s OPEC meeting grew more doubtful following speculative reports. Saudi Arabia probably will indicate it’s no longer willing to compensate for excessive production by other members of the Organization ofRead More →
Silicon Valley private equity firm Silver Lake Partners is reportedly buying a $500 million stake in Manchester City, at a valuation that would make the English soccer team one of the world’s most expensive sports franchises. The Financial Times first reported the deal, which it said is expected to beRead More →
Oil prices have climbed as global supplies have fallen so far this year thanks to efforts by the Organization of the Petroleum Exporting Countries and their allies, but growth in U.S. shale output and a slowdown in crude demand threaten to ruin that progress. Those are among the big issuesRead More →
Oil futures traded higher Friday, looking to score a third gain in row, with support tied to progress toward deals on U.S.-China trade and Brexit, as well as a weekly fall in U.S. inventories. Prices, however, held on to a loss for the week on the back of downbeat economicRead More →
An intensifying Middle East conflict is threatening to throw the world’s energy market into disarray after weekend drone attacks destroyed parts of Saudi Aramco’s Abqaiq plant — one of the world’s largest processors of oil — and a separate nearby oil field. On Saturday, the drone attacks, directed at SaudiRead More →
Crude oil prices surged more than 10% late Sunday and U.S. stock futures retreated following weekend attacks against Saudi Arabian oil facilities. Brent crude prices for November delivery BRNX19, +13.48% , the global benchmark, initially shot up 18% as trading began late Sunday, but quickly settled down to a gainRead More →
Oil prices, trading at multiweek highs in recent sessions, cooled on Tuesday, although heightened tensions between the U.S. and Iran remained front of mind for the energy market. Oil did climb up from the day’s deepest losses, a mild recovery that traders pinned on underlying optimism for a break inRead More →
Oil futures extended this week’s rally on Friday after U.S. prices scored their highest settlement this month a day earlier, alongside the biggest one-day gain so far this year, lifted by expectations for economy-boosting central bank policy and continued Middle East tensions that could disrupt oil markets. Gasoline futures shotRead More →
Crude prices fell Wednesday after a report on U.S. crude supplies indicated a sharp jump in inventory, ahead of official data from the Energy Information Administration later. West Texas Intermediate crude for July delivery CLN19, -2.55% fell 89 cents, or 1.7%, to $52.39 a barrel on the New York MercantileRead More →
JEDDAH, Saudi Arabia—The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions. If the group ultimately chooses to increase production, there’s a hitch: The cartel’s internal simulationsRead More →
Crude prices tracked slumping global equities on Monday as investors shied away from perceived riskier assets amid concerns trade talks between the U.S. and China were verging on collapse. Last week marked a second consecutive weekly decline for U.S. oil prices. On Monday, West Texas Intermediate crude for June deliveryRead More →
Oil prices drifted near the unchanged mark on Friday as expectations for tighter supplies diminished, in part because the market believes Saudi Arabia will fill gaps on the global stage linked to Iran sanctions and as the U.S. continues to expand its own inventories. Crude futures settled sharply lower Thursday,Read More →
Oil prices pulled back Friday as traders paused what has shaped up as the longest bull run in about a year for the international benchmark and an even bigger feat for the U.S. market, after prices scored six-month highs earlier this week. “Clearly, prices had been technically ‘overbought’ and aRead More →
