By Irina Slav – Jun 20, 2025, 2:10 AM CDT Citi predicts oil prices could rise by up to 20% with a 1.1 million bpd disruption, but sees OPEC’s spare capacity as a stabilizer. ING forecasts Brent could surge to $120 per barrel if major supply issues occur, citing proximity of reserves to conflict zones. […]
How High Will Oil Prices Go on a Middle East Supply Disruption? Read More »
By Irina Slav – Jun 20, 2025, 1:11 AM CDT Crude oil prices are set for a third consecutive weekly gain due to ongoing hostilities between Israel and Iran. The conflict has significantly increased tanker rates and vessel insurance, leading many shippers to avoid the Strait of Hormuz. The potential for US involvement in the
Oil Prices Climb for Third Straight Week Read More »
Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025. Anadolu | Anadolu | Getty Images Oil prices rose by about 3% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran and investors watched for signs
Oil prices rise about 3% as Israel vows to intensify attacks on Iran Read More »
Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran. U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran Read More »
Indian Rupee extends losing streak for the third consecutive day, hits weakest level since mid-March against the US Dollar. Israel–Iran conflict enters seventh day, US reportedly prepared for possible military strike. Brent and WTI crude are up over 20% this month, supply fears keep prices elevated. The Indian Rupee (INR) extends its losing streak for
Indian Rupee on back foot as Israel–Iran tensions escalate, Crude Oil price surge Read More »
JOHANNESBURG – Annual consumer inflation remained unchanged at 2.8% in May, defying expectations of a slight increase. Statistics South Africa released the latest figures on Tuesday. The rate remains well below the Reserve Bank’s midpoint target of 4.5%. READ | Consumer inflation data due this week Angelika Goliger, chief economist at EY Africa, says the
Inflation stays steady at 2.8% for the month of May Read More »
Saturday 14 June 2025 2:39 pm | Updated: Saturday 14 June 2025 2:40 pm Zelensky warned the surge in oil prices could be detrimental to Ukraine as Russian incomes climb. (Photo by Peter Nicholls – WPA Pool/Getty Images) A sharp rise in global oil prices after Israeli strikes on Iran will benefit Russia and bolster
Zelensky warns oil price surge could help Russia’s war efforts Read More »
WTI Oil surges above $72 as Israel-Iran tensions trigger a breakout. Gains for June are near 20%, pushing prices above key Fibonacci levels from longer-term moves. The 12-month moving average provides additional support below $70. WTI crude oil is surging amid escalating geopolitical tensions, with Israel’s recent strikes on Iran fueling a rally that pushed
Oil Price Forecast: WTI rallies to $74 before settling above $72 Read More »
The Canadian Dollar found more gains off the back of US Dollar selling pressure. A lack of meaningful Canadian economic data means Loonie gains are at the mercy of market flows. Middle East geopolitical tensions are back on the rise, keeping risk appetite under wraps but boosting Crude Oil prices. The Canadian Dollar (CAD) caught
Canadian Dollar continues to ride Greenback weakness to new highs Read More »
Home Market News US Stock Market LIVE Updates: Dow futures down 420 points after Israel strikes Iran, spiking oil prices US Stock Market LIVE Updates: US stock futures fell sharply after Israel’s airstrikes on Iran, with Dow futures dropping over 500 points. Oil prices surged over 8%, and gold rose over 1%. President Donald Trump
US Stock Market Live: Dow futures down 500 points, dollar rebounds sharply Read More »
