Libya output halt pushes oil higher; force majeure possible
Oil prices rose after Libya's NOC halted production at three fields due to protests and warned of force majeure on deliveries.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
Oil prices rose after Libya's NOC halted production at three fields due to protests and warned of force majeure on deliveries.
Crude oil futures have maintained a bullish bias since late August, with prices surging from $80 to near $105 before consolidating around resistance at $105.21.
Gold is pressured ahead of the FOMC decision as markets focus on the dot plot and oil prices.
Crude prices remain supported as Saudi pipeline closure and delayed Hormuz talks raise supply concerns.
WTI crude oil rebounded above $103, but faces resistance at $103.12-$103.40. Holding support is key for further gains.
A Pentagon Inspector General report confirms the Iran war has strained US munitions stockpiles, contradicting administration denials and adding to market…
Gold pulled back to retest key $4,250 support after hitting an August high, with the September 14 low at $4,253.58. A close above the downtrend line could…
Oil executives say a global fuel crisis has arrived as Hormuz closure bites, with diesel at record highs and crude near $101.
Amid the Trump-Iran war, Costco has raised motor oil prices and imposed purchase caps, reflecting wider supply chain stress.
Iran and the US give conflicting accounts of what disabled a tanker in the Strait of Hormuz, Tehran citing a mine, Washington claiming its own strikes.
Oil prices retreat after reports that Washington is pursuing a step-by-step pact with Iran, while Trump comments add to bearish sentiment.
Trump says the Iran conflict will end soon, but oil prices remain high. WTI crude is up $2.76 at $102.75.
Shipping ETFs like BWET have soared since the US-Iran war began, with only about four such funds in the US, though a peace deal would likely hurt them.
Trump announces that Ukraine and Russia have both agreed to avoid attacking each other's energy targets, causing oil prices to drop.
Crude oil bullish as technicals and fundamentals align; price nears $105 after drone attack on Saudi pipeline.