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NEW YORK (AP) — U.S. stocks are rising toward records Friday following the latest sign that the nation’s job market is doing better than economists expected. The S&P 500 climbed 0.7% and was on track to top its all-time high after a report said U.S. employers added 115,000 more jobs than they cut last month,
Oil drilling rigs Oil prices trimmed gains on Friday after renewed clashes between the US and Iran threatened the ceasefire and dashed hopes for progress on reopening the Strait of Hormuz. Brent crude futures for July rose about 1.15%, or $1.15, to $101.23 per barrel as of 07:55 am KSA time, after touching $102.92 (+2.85%).
Oil pares gains to around 1%, Brent trades above $101 Read More »
Bitcoin retreated amid clashes in the Strait of Hormuz and rising oil prices. Analysts argue that a limited appetite for full‑scale escalation caps downside risk. Bulls aim for a rebound toward $82,000, but bears could target a breakdown below $78,000. Bitcoin dropped to around $79,200 in early trading on Friday as fresh military skirmishes in
Is Bitcoin’s drop to $79K a bear trap as Hormuz tensions escalate? Read More »
How big is the jet fuel threat to Europe’s summer holidays? The EU says it is not facing shortages yet, but it is readying for the worst — and weighing options including using US kerosene as a back-up. The US-Israeli war with Iran and the closure of the Strait of Hormuz have sent aviation fuel
EU Weighs Options As Summer Jet Fuel Threat Looms Read More »
British energy giant Shell announced Thursday a 19-per cent increase in net profits for the first quarter as the Middle East war sent oil and gas prices soaring in volatile trading. Profit after tax increased to $5.69 billion in the January-March period from $4.78 billion in the first quarter of 2025, Shell said in an
Shell Quarterly Net Profit Jumps 19% As War Fuels Oil Prices Read More »
The US stock market pushed to a fresh record high on Wednesday as easing US-Iran tensions pulled oil prices lower and AMD’s blowout AI chip earnings reignited the semiconductor rally. The S&P 500 climbed 1.14%, the Nasdaq Composite jumped 1.51%, and the Dow Jones Industrial Average added 1.10%… https://beincrypto.com/us-stock-market-analysis-may-6/
Why Is The US Stock Market Up Today? Read More »
Oil price crash exceeds 5% as Trump signals an Iran deal, but Rystad warns physical recovery will take 6 to 8 weeks. The post Oil Price Drops 5% on Iran Deal, But Recovery Won’t be Easy appeared first on BeInCrypto… https://beincrypto.com/trump-iran-deal-oil-price-impact/
Oil Price Drops 5% on Iran Deal, But Recovery Won’t be Easy Read More »
This photo shows a view of LyondellBasell refinery near the Houston Ship Channel, part of the Port of Houston, on April 29, 2026. Ronaldo Schemidt | AFP | Getty Images Oil prices fell on Wednesday after President Donald Trump said the U.S. would pause its naval escort effort in the Strait of Hormuz, raising hopes
Oil prices fall as Trump pauses Hormuz escort effort Read More »
Article content (Bloomberg) — US gasoline inventories are on pace to drop to historical seasonal lows by late summer, further straining a tight fuel market upended by the war in Iran. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara
US Gasoline Supplies on Way to Seasonal Low, Morgan Stanley Says Read More »
