NEW YORK – Stocks rose and oil prices retreated as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day. The dollar dipped against the euro and pound, while safe-haven gold declined slightly. Wall Street’s main stock indices pushed higher, with the broad-based […]
Oil prices drop, stocks climb as Iran-Israel war fears ease Read More »
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Nigeria’s Gasoline Retailers Warn of Dangote Refinery Monopoly Read More »
July WTI crude oil (CLN25) closed up +4.94 (+7.26%), and July RBOB gasoline (RBN25) closed up +0.0847 (+3.95%). Crude oil prices early Friday initially soared by +11% after news that Israel launched a major military strike on Iran, although prices then settled back and closed the day up +7.26%. The oil markets are concerned Iran
Crude Oil Prices Soar on Israel’s Attack on Iran Read More »
Home World News ANZ economist views oil price jump as a market reset, not a shock Richard Yetsenga, Group Chief Economist at ANZ Research, shared his insights on oil, trade, and the geopolitical forces shaping global markets. “Oil is up $10 per barrel from the lowest levels we have seen in quite a long time.
ANZ economist views oil price jump as a market reset, not a shock Read More »
MANILA, Philippines — Oil companies are again poised to raise pump prices this week. Shell, Seaoil, Cleanfuel and Petrogazz said that the prices of gasoline and diesel will increase by P1.80 per liter, while the cost of kerosene will go up by P1.50 per liter. Last week, oil companies hiked their gasoline prices by P0.60
Oil firms to raise pump prices anew Read More »
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Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info By Tom Kool – Jun 15, 2025, 5:30 PM CDT Brent crude futures opened more than 4% higher on Sunday evening, trading above $77 per barrel, as tensions between Iran and Israel erupted into
Oil Prices Surge as Israel and Iran Target Each Other’s Energy Infrastructure Read More »
The weekend attacks on Iran’s oil facilities – widely seen as part of escalating hostilities between Israel and Iran – represent a dangerous moment for global energy security. While the physical damage to Iran’s production facilities is still being assessed, the broader strategic implications are already rippling through global oil markets. There is widespread concern
Middle East tensions erupting between Israel and Iran have ignited global oil markets, with JPMorgan warning investors to prepare for volatility amid surging Brent crude prices. JPMorgan Links Israel-Iran Tensions to Oil Shock, Urges Investors to Brace for Volatility A fresh round of geopolitical unrest in the Middle East stirred financial markets… https://news.bitcoin.com/jpmorgan-flags-israel-iran-conflict-as-oil-prices-spike-and-investor-confidence-wavers/
JPMorgan Flags Israel-Iran Conflict as Oil Prices Spike and Investor Confidence Wavers 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 »
