U.S. crude oil
Coverage of U.S. crude oil in the Nexus archive.
- U.S. crude oil hovers above $70 as Trump, Iran issue mixed messages on talks in Qatar
U.S. crude oil prices hover above $70 as traders monitor mixed messages from Trump and Iran regarding talks in Doha.
- US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
US crude oil fell below $70 a barrel as traders remained optimistic about tanker traffic through the Strait of Hormuz despite an Iranian attack on a cargo ship.
- US gas prices fall below $4 for 1st time since March, but still 25% higher than last year
U.S. gas prices fell below $4 a gallon for the first time since March, averaging $3.999, following a U.S.-Iran agreement to dilute Iran's enriched uranium and waive sanctions. Despite the drop, prices remain 25% higher than last year, with regional disparities and ongoing supply chain disruptions due to the Strait of Hormuz situation and delayed oil production.
- Oil prices fall, Wall Street mixed after record-breaking S&P rally runs out of steam
Oil prices fell and U.S. markets were mixed after the S&P 500's nine-day winning streak ended. Broadcom and PVH Corp. stocks dropped despite beating earnings forecasts, while a ceasefire between Israel and Lebanon and a U.S. House resolution to halt military action against Iran contributed to market volatility.
- European shares climb and Asian shares retreat after US stocks pause their record-breaking rally
European shares rose while Asian shares fell following a decline in U.S. stocks that ended a nine-day winning streak for the S&P 500. Oil prices dropped after Israel and Lebanon agreed to renew a ceasefire and establish security zones, though higher bond yields and geopolitical tensions continued to pressure markets.
- Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back
Asian shares declined following a U.S. stock market downturn that ended a nine-day rally for the S&P 500. Oil prices fell after renewed fighting threatened a U.S.-Iran ceasefire, with Brent crude and U.S. crude dropping $1.17 and $1.08, respectively. Higher bond yields and economic pressures contributed to global market declines.
- U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month
U.S. crude oil prices dropped 6% as a report indicated Iran would restore traffic through the Strait of Hormuz under a potential agreement with the U.S. The decline reflects market concerns over reduced geopolitical tensions and potential supply increases.
- Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers
Oil prices rose sharply due to a US-Iran standoff in the Strait of Hormuz, a critical global energy supply route, as tensions escalated with Iran reversing its decision to reopen the strait. The conflict, now in its eighth week, has triggered a severe energy crisis, with Asian and European markets most affected.