WTI Crude (Sep'25)
Oil declines as Israel-Lebanon truce raises hopes of wider de-escalation
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. Alexander Manzyuk | Reuters Oil prices fell after U.S. President Donald Trump said Israel and Lebanon had agreed to a 10-day ceasefire following talks in Washington. U.S. crude oil futures for May delivery fell 1.45% to $93.32 per barrel. […]
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Brent oil price near $100 again with U.S.-Iran talks uncertain and Hormuz still blocked
Crude oil prices neared $100 again on Thursday, as tanker traffic through the Strait of Hormuz remains very low with no clear pathway to fully reopen the vital sea lane. International benchmark Brent for June delivery surged nearly 5% to close at $99.39 per barrel. West Texas Intermediate crude for May rose almost 4% to […]
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Asia markets open higher after hopes of U.S.-Iran deal lift Wall Street benchmarks to new records
Asia markets opened higher after Wall Street hit record levels on growing expectations of a U.S.-Iran deal to end the war. Source
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Why Wells Fargo says it might be time to take profits on energy — even as the bank hikes its oil price forecasts
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future. But, after racking up record monthly gains in March, analysts at Wells Fargo say it is now “time to consider taking profits in energy.” The year-to-date performance of […]
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Treasury yields are steady after light producer prices reading, fall in oil prices
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty Images Treasury yields held steady on Tuesday following a softer-than-expected producer price index reading and as oil prices slid amid the latest developments in […]
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China calls U.S. blockade of the Strait of Hormuz ‘dangerous and irresponsible’
China has called the U.S. blockade of Iranian ports in the Strait of Hormuz a “dangerous and irresponsible act” that will further enflame tensions in the region. The Ministry of Foreign Affairs said Tuesday that the targeted blockade of the vital shipping channel, which began at 10:00 a.m. ET on Monday, coupled with an increase […]
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CNBC Daily Open: Markets bet on a U.S.-Iran deal amid Hormuz blockade
Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The dominant story is still the Strait of Hormuz, and it’s getting more complicated by the hour. Oil has dropped below $100 per barrel on signs that diplomatic efforts for resolving the Mideast conflict are ongoing, even […]
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S&P 500 futures are little changed after index erases Iran war losses: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Charly Triballeau | AFP | Getty Images Futures tied to the S&P 500 were near flat on Monday night, following a strong session in which traders shrugged off a breakdown in […]
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Trump is blockading Iranian ports in the Persian Gulf. What does that mean?
A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world’s oil and gas passes on March 1, 2026. Sahar Al Attar | Afp | Getty Images President Donald Trump on Monday rolled out a “blockade” of access to Iranian ports in the Persian Gulf to […]
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European markets open the week lower and travel stocks plunge as Iran peace hopes fade
A view of the vessels passing through Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman on April 8, 2026. Shadi J. H. Alassar | Anadolu | Getty Images LONDON — European stocks started the new trading week […]
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