Author name: Siim

Oil holds in tight range, rising output offsets Russia supply disruptions

Oil holds in tight range, rising output offsets Russia supply disruptions

Oil prices traded in a tight range on Monday as worries about rising output and the impact of U.S. tariffs on demand offset supply disruptions stemming from intensified Russia-Ukraine airstrikes. Brent crude fell 12 cents, or 0.18%, to $67.36 a barrel by 0046 GMT, while U.S. West Texas Intermediate crude was at $63.88 a barrel,

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Why Is Tech Worried When Stocks Like Chevron Drop On Global Oil Worries?

Why Is Tech Worried When Stocks Like Chevron Drop On Global Oil Worries?

Chevron’s stock declined sharply this week before paring back losses, as mounting concerns about volatility in the global oil markets spooked traders. Another group of worried market watchers? Tech companies, big and small. Casual observers sometimes wonder why technology stocks—often seen as disconnected from the oil industry—sometimes react sharply to oil price movements and related

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