Bloomberg says dark trade oil shuttles are the reason Iran war hasn’t spiked oil prices
The clandestine shuttle trade helps explain why Brent has held broadly in an $80 to $90 range through August rather t ...
China’s Securities Daily warns against chasing gold at current highs
The commentary underscores how sensitive gold sentiment remains to any upside surprise in US inflation data, given th ...
Bessent eyes Iran economic squeeze, but Chinese teapot ties limit options
Any move against Chinese refiners or banks handling Iranian crude carries a direct oil market consequence: curbing di ...
Globex is open for the new week, oil a touch higher (not much)
It’s a subdued beginning to the new week for futures. Slightly up for goldNQOil is a touch firmer:Oil ...
Trump orders cuts to South Korea drills, links move to cost of Iran war
The announcement itself carries limited direct market impact, but it reinforces a broader read that Washington is tri ...
Oil- weekend recap & what’s ahead: Iran vows to keep Hormuz shut, Trump tells Americans to accept high gas prices
Crude held a firm bid into the weekend, with Brent on track for a 6.0% weekly gain and WTI up 5.4%, as traders priced ...
The weekly Baker Hughes rig count rises by 5 in the current week
The weekly Baker Hughes rig count showed:Oil up 1 to 455Natural gas up 4 to 128Total rigs +5 to 593. Versu ...
Gold buyers lose momentum in final stretch of the week
This builds from the technical position from yesterday here: Gold fails to find that additional spark from US in ...
Oil settles down circa 2% on weak demand outlook and hefty US crude build
The pullback marks a clean break from the six session rally that had carried both benchmarks higher into Wednesday, w ...
Its the ‘what’d I miss?’ post! Oil falls despite Hormuz chaos, S&P 500 record high
Diverging signals from Richmond and Cleveland Fed presidents this week underline how unsettled the September rate pat ...
UAE’s Adnoc says two of its vessels attacked in Hormuz
ADNOC, the Abu Dhabi National Oil Company, is the UAE’s state owned energy giant, spanning upstream production, ...
Oil extends drop to $3 and it’s not clear what’s driving it
Any time there is a sudden move in the oil market, the collective reaction of traders is to say: Something is happeni ...