Crude Oil
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Crude Oil Prices Rally as Iran War Disrupts Global Supplies
April WTI crude oil (CLJ26) on Friday closed up +2.98 (+3.11%), and April RBOB gasoline (RBJ26) closed up +0.0768 (+2.59%).…
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Three Markets to Watch Next Week
A rarely seen “super week” of central banks is colliding with a rapidly rising geopolitical risk premium linked to developments…
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Oil Prices Continue to Rise, US Eases Russian Oil Sanctions
WTI crude futures rose about 1% to approach $97 a barrel on Friday, extending weekly gains to roughly 5%, though…
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Crude Oil Surges as Strait of Hormuz Remains Closed
April WTI crude oil (CLJ26) on Thursday closed up +8.48 (+9.72%), and April RBOB gasoline (RBJ26) closed up +0.1763 (+6.32%).…
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Chubb to Insure Ships Crossing The Strait of Hormuz
US insurance giant Chubb (CB.US) has been designated as the lead insurer in a program supported by the U.S. International Development Finance…
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Higher Oil Prices Are Here to Stay
The oil price surged above $100 per barrel at one stage on Thursday morning, although it is backing away from…
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WTI trims a part of strong intraday gains; still up over 6% for the day above mid-$93.00s
WTI gains strong positive traction on Thursday amid a further escalation of conflicts in the Middle East. Suspected Iranian attacks…
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China orders immediate ban on fuel exports for March — Reuters
The Chinese government has effectively banned refined fuel exports for March “with immediate effect”, Reuters reported on Thursday. This measure…
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EIA Report And Current Middle Eastern Conflict Let’s the Blind Lead The Bind
EIA data showed a stronger-than-expected decline in fuel inventories in the US, although crude oil inventories increased more than forecast.…
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Have Permission or Risk Attack, Reality Bites on The Strait of Hormuz
According to the latest media reports, Iran has announced that ships wishing to pass through the Strait of Hormuz will…
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