Brent Crude
Coverage of Brent Crude in the Nexus archive.
- Asian stocks slip and oil prices jump as Iran and US launch fresh attacks
Asian stocks declined and oil prices rose as Iran and the U.S. exchanged attacks, escalating Middle East tensions. The U.S. launched airstrikes on Iran, which retaliated by targeting Bahrain, Kuwait, and Qatar, following a declaration by U.S. President Donald Trump that a temporary ceasefire was 'over.'
- Asian stocks slip and oil prices jump as Iran and US launch fresh attacks
Asian stocks declined and oil prices rose as Iran and the U.S. exchanged attacks, escalating Middle East tensions. U.S. airstrikes targeted Iran, while Iran fired at Bahrain, Kuwait, and Qatar, following President Trump's declaration that a temporary ceasefire was 'over.'
- Asian stocks slip and oil prices jump as Iran and US launch fresh attacks
Asian stocks declined and oil prices rose as Iran and the U.S. exchanged attacks, escalating Middle East tensions. The U.S. airstrikes on Iran and Iran's retaliatory strikes on Bahrain, Kuwait, and Qatar disrupted markets, while Brent crude exceeded $78 per barrel due to supply concerns.
- Oil prices rise after Trump remarks on Iran ceasefire
Oil prices rose globally after Trump suggested ending the ceasefire with Iran during remarks at the Nato summit in Ankara. Brent crude increased 5.8% to $78.43 a barrel, while global stock markets recorded marginal losses, including declines in the S&P 500, Dow Jones, FTSE 100, Stoxx 600, DAX, and CAC indices.
- US stock markets fall amid Iran strikes and potential higher interest rates
US stock markets fell on Wednesday as the US continued strikes on Iran and the Federal Reserve indicated potential higher interest rates. Donald Trump's statement at the Nato summit in Ankara ending the Iran-US ceasefire caused a sharp rise in oil prices, with Brent crude exceeding $80 a barrel. The Dow dropped 1.09%, the S&P 500 had a small loss, and the Nasdaq rose slightly, while global stocks like the UK’s FTSE 100 and Japan’s Nikkei also declined.
- US stock markets fall amid Iran strikes and potential higher interest rates
US stock markets fell amid Iran strikes and potential higher interest rates. The Dow dropped 1.09% as the S&P 500 declined slightly and the Nasdaq rose. Global markets also declined, with the UK’s FTSE 100 and Japan’s Nikkei falling.
- Oil prices rise 5%, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
Oil prices rose 5% and global stock markets fell after President Trump stated the ceasefire with Iran is 'over,' raising concerns about renewed conflict and its economic impact. The S&P 500 dropped 0.3%, the Dow fell 1%, and Brent crude climbed to $78.02 amid fears of blocked oil shipments through the Strait of Hormuz.
- Oil prices rise 5%, and Dow drops 500 points after Trump says ceasefire with Iran is 'over'
Oil prices rose 5.8% to $78.43 per barrel as stock markets dropped globally following President Donald Trump's statement that the ceasefire with Iran is 'over.' The Dow Jones fell 1% while AI stocks like Nvidia offset some losses, but airline and housing industry stocks declined sharply due to rising fuel costs and bond yields.
- Oil prices rise 8%, and Dow drops 800 points after Trump says ceasefire with Iran is 'over'
Oil prices rose 8% to $80.09 per barrel of Brent crude, and the Dow Jones Industrial Average dropped 831 points (1.6%) after President Donald Trump declared the ceasefire with Iran is 'over.' The S&P 500 fell 1%, with airlines and housing industry stocks among the hardest-hit sectors.
- Oil prices rise, and stocks fall worldwide after Trump says ceasefire with Iran is 'over'
Oil prices rose and global stocks fell after President Donald Trump stated the ceasefire with Iran is 'over', causing market volatility and concerns about regional stability. The S&P 500 dropped 0.5%, Brent crude climbed 4.8%, and companies in energy-dependent sectors like airlines and housing saw significant losses.
- Oil prices jump after US strikes on Iran, while shares in Asia are mixed
Oil prices surged over 2% following U.S. strikes on Iran after attacks on ships in the Strait of Hormuz, while Asian shares were mixed. Chinese markets rose, particularly tech stocks like Tencent and Alibaba, while U.S. AI-related stocks fell sharply, with companies like AMD and Intel losing significant value.
- Oil prices surge as US strikes Iran, reversing slide to pre-war levels
Brent crude oil prices rose above $76 a barrel for the first time in two weeks due to renewed violence in the Strait of Hormuz. The price increase follows US strikes on Iran, reversing a prior decline to pre-war levels.
- AI stocks resume their drops and drag markets lower worldwide
AI stocks fell sharply, dragging down global markets including the S&P 500, Nasdaq, and Dow Jones. Samsung Electronics dropped 6.9% in South Korea despite strong quarterly results, while Micron and Nvidia also declined. Concerns about overvaluation and AI's profitability, along with rising oil prices and corporate news, weighed on investor sentiment.
- AI stocks fall after Samsung Electronics' strong profit forecast fails to impress
AI stocks declined sharply on Wall Street despite Samsung Electronics' strong Q2 profit forecast, as investors questioned the sustainability of AI sector valuations. The Nasdaq fell 1.2% and the S&P 500 dropped 0.6%, led by heavy losses in AI-related companies like Micron Technology and Nvidia. Rising oil prices and geopolitical tensions in the Strait of Hormuz further pressured markets.
- Markets on Wall Street quietly mixed while oil prices slip after OPEC+ plans August output hike
U.S. stock futures were mixed with the S&P 500 and Nasdaq rising while the Dow fell. Oil prices declined as OPEC+ announced an August output increase of 188,000 barrels per day. SK Hynix filed a $28 billion U.S. IPO, and SpaceX shares rose ahead of joining the Nasdaq 100.
- Global shares are mixed and oil slips after OPEC+ plans August output hike
Global shares showed mixed performance as OPEC+ members agreed to increase oil production by 188,000 barrels per day in August, causing oil prices to decline. European markets rose while Asian markets were mixed, with uncertainty over supplies lingering due to stalled Iran-related talks on the Strait of Hormuz.
- US futures and Asian shares are mixed while oil prices decline as some exporters opt to raise output
Asian shares and U.S. futures showed mixed performance as technology stocks declined in Tokyo and Seoul. Oil prices fell due to increased production by seven OPEC+ members, including Saudi Arabia and Russia, while uncertainty persisted over supply chain talks with Iran. Major stock indices in Japan, South Korea, and Australia declined or edged lower, while Hong Kong and Shanghai saw modest gains.
- 7 OPEC+ countries agree to expand monthly oil production modestly as prices slide
Seven OPEC+ countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, agreed to increase oil production by 188,000 barrels per day in August to address falling prices and support market stability amid ongoing tensions in the Strait of Hormuz.
- 7 OPEC+ countries agree to expand monthly oil production modestly as prices slide
Seven OPEC+ countries, including Saudi Arabia and Russia, agreed to increase oil production by 188,000 barrels per day in August amid declining prices. The decision follows a U.S.-Iran interim deal easing tensions in the Strait of Hormuz, though shipping remains below pre-war levels.
- 7 OPEC+ countries agree to expand monthly oil production modestly as prices slide
Seven OPEC+ countries, including Saudi Arabia and Russia, agreed to increase oil production by 188,000 barrels per day in August as prices fall to pre-U.S.-Iran war levels. The decision aims to stabilize markets amid ongoing tensions over the Strait of Hormuz and declining crude prices.
- Wall Street quietly mixed as chip companies continue to lose ground following Wednesday's sell-off
Wall Street showed mixed performance as chip stocks continued to decline following a sell-off, with oil prices dropping near pre-war levels. Asian markets, including South Korea’s Kospi and Japan’s Nikkei 225, fell sharply amid concerns over potential AI chip supply gluts and barriers to AI adoption.
- Asian stocks mostly decline on a sell-off of chip shares
Asian stocks declined due to a sell-off in chip shares, with South Korea's Kospi falling 5.1% and major chipmakers like SK Hynix and Samsung Electronics losing significant value. U.S. chip stocks also dropped, and oil prices fell amid hopes for improved crude supplies following Iran war negotiations. Concerns about an AI-driven supply glut and slower-than-expected adoption barriers weighed on investor sentiment.
- Global shares trade mixed while the dollar hits a 40-year high against the yen
Global shares traded mixed amid uncertainty over Middle East conflict and Strait of Hormuz access, while the U.S. dollar reached a 40-year high against the yen. Crude oil prices drifted as U.S. envoys discussed Iran deal implementation in Qatar.
- Asian shares trade mixed as worries over Iran-US deal remain
Asian shares traded mixed as uncertainty over an Iran-US deal and the Strait of Hormuz's recovery weighed on markets. Japan's Nikkei 225 rose 0.6%, while Australia's S&P/ASX 200 fell 0.4% and South Korea's Kospi dropped 1.8%. Oil prices drifted amid U.S. envoys' talks in Qatar, and U.S. stocks trimmed losses with the S&P 500 up 0.8% despite AI sector volatility.
- As Hormuz opens, oil markets are awash in supply
The oil market faces a sudden oversupply as millions of stranded barrels from the Persian Gulf enter global markets, pushing prices to their lowest since the US-Iran war began. Morgan Stanley and Goldman Sachs have cut price forecasts, citing high US exports and low Chinese imports as key factors.
- Asian shares are mixed as tech stocks fall in Japan and South Korea
Asian markets were mixed as tech stocks declined in Japan and South Korea due to falling AI-related shares, while other regions saw gains. U.S.-Iran tensions escalated, affecting oil prices and global economic uncertainty. The Nikkei 225 and Kospi dropped significantly, but indices in Taiwan, Hong Kong, and Shanghai rose.
- Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening
Brent crude oil prices increased as reciprocal strikes between the US and Iran threaten the Strait of Hormuz's return to normal operations. The conflict has disrupted efforts to stabilize the key waterway.
- Apple down 6%. Microsoft down 3%. SoftBank down 12%. The tech selloff isn't just about chips anymore.
Apple, Microsoft, and SoftBank all experienced significant stock declines, with SoftBank down 12%. The tech selloff is expanding beyond semiconductor-related concerns, as Brent crude oil prices fall below $73 per barrel and the Nasdaq faces a weekly loss exceeding 4%.
- Oil prices climb after attack in Strait of Hormuz halts evacuation plan
Oil prices increased following an attack on a cargo ship in the Strait of Hormuz, a critical waterway. The incident disrupted an evacuation plan and led to a rise in Brent crude prices.
- Oil prices rise after vessel targeted near Strait of Hormuz
Oil prices rose about 2 percent on 26 June after a cargo ship was struck by an unidentified projectile near Oman, raising concerns about security in the Strait of Hormuz and the recovery of regional oil exports. Brent crude and US West Texas Intermediate both saw significant gains following a prior decline to their lowest levels since 27 February.
- Rebound in tech shares pushes world markets higher, while oil prices fall
Tech shares surged in Japan and South Korea, driven by strong earnings from Qualcomm and Micron Technology, lifting global markets. Oil prices declined amid U.S.-Iran war negotiations, while tech-related indices like the Nikkei 225 and Kospi hit record highs.
- Rebound in tech shares pushes world markets higher, while oil prices fall
Tech shares surged in Japan and South Korea, driven by strong earnings from Qualcomm and Micron Technology, lifting global markets. Oil prices declined as U.S.-Iran war tensions eased. Major indices like the Nikkei 225 and Kospi hit record highs, while tech-heavy indices like the S&P 500 and Nasdaq saw gains.
- Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz
Oil prices have fallen to levels seen before the Iran war began in late February as more tankers exit the Strait of Hormuz. The global benchmark, Brent crude, dropped to $72.24, with prices declining over 20% this month.
- Rebound in tech shares pushes Asian shares higher, while oil prices fall
Asian shares rose sharply, led by tech-driven gains in Japan and South Korea as chipmakers surged following positive earnings reports from Qualcomm and Micron Technology. Oil prices fell over $1 amid negotiations to end the U.S.-Iran war.
- Rebound in tech shares pushes Asian shares higher, while oil prices fall
Tech shares in Japan and South Korea drove Asian markets higher as Qualcomm and Micron Technology reported strong earnings, while oil prices fell amid U.S.-Iran war negotiations. The Nikkei 225 and Kospi indices surged, with gains in chipmakers like Tokyo Electron and SK Hynix. U.S. crude and Brent prices dropped over 3%.
- Oil price back at prewar levels as Gulf flows pick up
Brent crude prices have dropped below $72.48 per barrel, returning to levels seen before the Iran conflict began in late February. The decline indicates a recovery in Gulf oil flows following the conflict.
- US stocks waver as tech companies slip and oil prices continue falling
US stocks showed mixed performance as tech companies like Nvidia and Micron declined, while the Dow Jones rose. Oil prices continued falling amid US-Iran war negotiations, and homebuilders gained after favorable legislation. Treasury yields eased, reducing pressure on stocks.
- Brent crude drops below $75 for first time since war on Iran
Brent crude, the global oil benchmark, fell below $75 a barrel for the first time since before the US-Israeli war on Iran began. The price dropped to $74.80 per barrel at 12:34 GMT on Tuesday, marking the first time below $75 since 27 February, as markets responded positively to progress in negotiations between Washington and Tehran.
- US stocks edge higher as falling oil prices help take pressure off the market
US stocks rose slightly as falling oil prices and bond yields eased market pressure. The S&P 500, Dow Jones, and Nasdaq all gained 0.2%, with technology stocks mixed after recent losses. Alphabet replaced Verizon in the Dow, and oil prices dropped amid US-Iran war negotiations.
- US stocks edge higher in early trading as falling oil prices help take pressure off the market
US stocks rose slightly in early trading as falling oil prices and bond yields eased market pressure. The S&P 500 and Nasdaq gained 0.4%, while the Dow rose 0.1%. Tech stocks, including Micron and Marvell Technology, rebounded after prior declines, and oil prices dropped amid progress in U.S.-Iran war talks.