Crude slips as Gulf exports recover and Washington adds supply options
Brent dropped about 2.5% and WTI about 3.5% on Tuesday as recovering Middle East exports and US supply moves outweighed Iran war risk.
Brent dropped about 2.5% and WTI about 3.5% on Tuesday as recovering Middle East exports and US supply moves outweighed Iran war risk.
Senior economist Tracy Shuchart discusses oil market tightening, refining shortages, and implications for BTC and hard assets.
A private survey shows an unexpected crude oil build, contrary to the expected draw.
Chicago Fed President Goolsbee warns the Fed's 5.5 years above inflation target is risky, calling for a supply-shock policy rethink.
BoE's Taylor sees policy as restrictive enough and no broad inflation shock, but a lone “insurance hike” could be read as the start of a series.
Crude oil futures slid to near $90.44 after sellers defended the 200-hour moving average; support at $88.72 is now in focus.
The US is offering up to 40 million barrels from the Strategic Petroleum Reserve as oil prices fall.
Oil prices dipped after a report that Trump backs easing Russia sanctions for political prisoners. Initiative still early.
USD/INR stays supported by higher oil prices, but a US-Iran deal could trigger a sharp selloff in the pair.
Markets cautiously optimistic on US-Iran talks; RBA hikes 25 bps to 4.60% with dovish shift in guidance.
European stocks opened mostly higher but gains were modest as rising bond yields and oil prices kept pressure on risk sentiment.
Iran expects a US response today on its Hormuz proposal; oil prices climb again.
Asia-Pacific stocks fell as US yields hit post-February highs. Oil rose on geopolitics, gold edged up.
The Nikkei fell on rising bond yields and oil prices. Seoul's chipmakers kept the KOSPI flat. Micron's earnings are the next test.
Rising rates and oil split CNBC's Investment Committee: Weiss raises cash, Lebenthal stays fully invested.