Tag
#oil
Oil inventories thin out, raising Hormuz shock risk
Oil inventories are thin enough that another Hormuz setback could hit fuel prices, inflation and risk assets harder than futures imply.
PDBC Commodity ETF Surges 50% on Crude's Run to 98th Percentile
The Invesco PDBC commodity ETF has returned 50% over twelve months as crude oil climbed to the 98th percentile of its historical range. The rally, concentrated in energy futures, raises the question of whether the gains can hold.
Schiff flags regime shift as oil, yields and gold climb
Oil, Treasury yields and gold are rising in tandem for the first time since 2022 — a correlation breakdown that Peter Schiff says signals a market regime change driven by persistent inflation. Traditional economists see cost-push pressure arriving faster than Schiff's model predicts.
US SPR loan: 53M barrels ease Iran oil shock
The Trump administration loans 53.3 million barrels from the Strategic Petroleum Reserve as Iran conflict pushes oil toward $115.
Gold Falls From Three-Week High as Fading Middle East Peace Hopes Lift Dollar
Spot gold slipped 0.8% to $4,698.22 an ounce on Monday, retreating from a three-week high, as deteriorating U.S.-Iran peace talks boosted the dollar and oil prices, undercutting the metal's safe-haven bid.
Oil surges 8% to $109 after Trump rejects Iran peace offer
Brent crude surged 8 per cent to $109.74 a barrel after President Trump rejected Iran's peace proposal as unacceptable, extinguishing weeks of cautious optimism that diplomacy could reopen the Strait of Hormuz.
Oil pushes higher, gold erases gains after US and Iran trade weekend threats
Oil prices pushed higher and gold surrendered its recent gains after Washington and Tehran traded threats over the weekend, the latest blow to a seven-week-old ceasefire that had briefly raised expectations the Strait of Hormuz would reopen.
Gold pushes toward $4,800 as oil slide and lower yields fuel rally
Spot gold traded near $4,750 per ounce late Friday, within striking distance of the $4,800 mark, as a sharp selloff in crude oil eased inflation expectations and pulled US Treasury yields lower. The move tees up a test of the 50-day moving average at $4,780.
Wirth says physical oil shortages near, calls Hormuz disruption 1970s-scale
Chevron CEO Mike Wirth told the Milken Institute Global Conference on Monday that physical oil shortages will surface globally and that economies will have to slow, comparing the Strait of Hormuz closure to the 1970s oil crises.
S&P 500 and Nasdaq slip from records as US-Iran Hormuz exchange resumes
Wall Street reversed off intraday all-time highs on Thursday after a fresh exchange of fire near the Strait of Hormuz lifted oil and pulled traders out of the rally that had carried both indices to new records at the open.
Shell Q1 beats by $0.30 EPS, launches $3bn buyback, acquires Arc Resources acreage
Shell reported Q1 adjusted earnings of $2.44 per share, beating consensus by $0.30, as the energy giant announced a $3 billion buyback and a strategic acquisition of Montney acreage from Arc Resources.
Brent crude back above $100 as US-Iran clash resumes in Strait of Hormuz
Brent crude settled near $100.06 a barrel on Thursday after fresh fighting between US and Iranian forces in the Strait of Hormuz unwound a one-day rally on ceasefire hopes, with WTI ending near $93.60 and traders rebuilding the war-risk premium they had pared 24 hours earlier.
