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Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.
Markets are concerned about Iran's frequent threats to blockade the Strait of Hormuz, just as the US heads into peak summer ...
Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader ...
KUALA LUMPUR (Reuters) -The chief executive of top energy trader Vitol expects a slight reduction in U.S. oil production this ...
Oil prices are surging again. Over the past few weeks, crude has jumped more than 10% on the back of intensifying Middle East ...
The Environmental Protection Agency has told staff overseeing the country’s industrialized Midwest– a region plagued by a ...
Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following ...
Investors grew optimistic about a quick de-escalation in the Israel-Iran conflict on Monday, reversing course after a tough ...
Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a ...
Importantly, this shift in positioning occurred before last Friday’s dramatic escalation in the Middle East, when Israel ...
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