July WTI crude oil (CLN26) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26) closed up +0.0756 (+2.31%). Crude oil rebounded from a 1-week low on Friday and settled higher as a US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies. Crude prices whipsawed lower
Crude Oil Prices Gain as Strait of Hormuz Remains Closed Read More »
Wall Street stocks mostly rose Tuesday, lifting the S&P 500 and Nasdaq to fresh records on hopes for a Middle East peace deal. The gains came despite a jump in Brent oil prices after US military strikes on Iran prompted worries about a military rebuttal from Tehran. “Risk-on winds are dominating Wall Street today as
Oil back at $100 as US strikes douse Iran war hopes Read More »
A drone view shows the Valero Houston Refinery in Pasadena outside of Houston, Texas, U.S., May 12, 2026. REUTERS/Shahrzad Rasekh Shahrzad Rasekh | Reuters Oil prices were mixed Tuesday as U.S. military operations in southern Iran and President Donald Trump’s mixed messaging on the negotiations between Tehran and Washington kept traders on edge. July futures
Oil prices mixed as U.S. military strikes against Iran cloud Middle East peace prospects Read More »
Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Global oil markets recorded a major fall after signs emerged that the United States and Iran could move closer toward a peace agreement. Brent crude futures and US West Texas Intermediate crude futures
Rising fuel costs pose a risk to Ghana’s 2026 inflation outlook, as high oil prices will pass through into elevated energy costs and transport fares, Deloitte has disclosed in its monthly inflation outlook. According to the report, the Bank of Ghana is expected to slow the pace of its interest rate cuts and adopt a
Rising fuel costs pose risk to Ghana’s inflation outlook – Deloitte Read More »
Nairobi Governor Johnson Sakaja has doubled down on his appeal to banks to halt matatu repossessions for 90 days, in a bid to give struggling transport operators a reprieve as the transport industry continues to grapple with rising fuel prices. His call came on Monday, May 25, at a meeting convened by Cabinet Secretary for
Sakaja Sends Bank New 90-Day Appeal Over Reposession of Matatus Read More »
TLDR The S&P 500 has just posted its longest winning streak since 2023, but analysts warn of a historically weak summer ahead. In midterm election years, the S&P 500 has averaged a loss of 2.8% from April to September, per Dow Jones Market Data. Rising oil prices near $110 a barrel and a 10-year Treasury
S&P 500 Wins 8 Straight Weeks — But Midterm History Signals a Rough Summer Read More »
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Bulls push the S&P 500 back near records — here’s what drove the market last week Read More »
Gold bars Gold prices declined on Friday, posting a second consecutive weekly loss, as rising oil prices continued to fuel inflation concerns and reinforced expectations of higher US interest rates. The pressure on precious metals came amid growing market concerns over potential disruptions to energy supplies and global supply chains, driven by tensions surrounding the
Gold declines, records second weekly loss Read More »
Oil drilling rigs Brent crude prices settled higher on Friday but posted a weekly loss, as investor confidence faded over the likelihood of a near-term agreement between the US and Iran, despite continued diplomatic efforts to end the war. Crude oil gained after traders grew skeptical about the prospects of a breakthrough in negotiations, particularly
Oil prices close higher, post weekly loss Read More »
