crude oil prices
Coverage of crude oil prices in the Nexus archive.
- Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk
US Treasury market declines pushed 10- and 30-year yields to their highest levels in two months as rising crude oil prices intensified concerns about inflation, potentially leading the Federal Reserve to increase interest rates.
- Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’
Gasoline prices are rising faster than crude oil prices, with the 'crack spread' — the spread between gasoline and crude oil costs — widening sharply.
- How heatwaves are changing France's real-estate market
France's real-estate market is seeing shifting buyer priorities due to increasing heatwaves. Crude oil prices are rising amid renewed US-Iran strikes, and Cuba experienced a nationwide blackout linked to US sanctions.
- Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers’ borrowing costs
The average 30-year U.S. mortgage rate rose to 6.49% from 6.43% last week, increasing borrowing costs for homebuyers. Freddie Mac reported the increase, noting that higher rates reduce purchasing power and contribute to a housing slump. The 15-year fixed-rate mortgage also rose to 5.82%, influenced by factors like Federal Reserve policies and rising 10-year Treasury yields linked to inflation expectations and the war with Iran.
- Crude prices down 36%, gas down just 22%: Why the disconnect?
Crude oil prices have fallen 36% from their April peak, while gasoline prices have dropped only 22% from their May high. The article highlights the disconnect between the two prices, noting that refined gasoline comes from crude oil but their prices do not move in lockstep.
- Ceasefire extension: How soon will gas prices fall following new deal with Iran?
President Trump announced a new deal with Iran extending the ceasefire for two months, but gas price relief may take weeks as crude oil price drops gradually affect pump prices. AAA reports Tennessee gas prices remain among the lowest nationally despite recent fluctuations.
- Oil prices sink to lowest levels in months after Trump touts Iran deal to reopen Strait of Hormuz
Crude oil prices fell to their lowest levels in months following President Trump's announcement of an agreement with Iran to reopen the Strait of Hormuz.
- CBN may need to sterilise FX inflows from increased oil prices to curtail inflation – IMF
The IMF advised Nigeria's Central Bank (CBN) to sterilize foreign exchange inflows from increased oil prices to prevent inflation, as noted in its latest Article IV consultation report. Rising crude oil prices could boost FX inflows but risk driving inflation higher.
- Traders placed series of bets worth $430million on a drop in crude oil prices 15 minutes before Trump announced Iran ceasefire extension, data reveals
Traders placed $430 million in bets anticipating a drop in crude oil prices just before President Trump announced an extension of the Iran ceasefire. The timing suggests market activity was influenced by expectations of the political development.
- Why high oil prices are good for oil companies — until they aren't
Higher crude oil prices provide significant financial benefits to oil companies but introduce risks like volatility and long-term sustainability issues. The article highlights the dual nature of high oil prices, emphasizing both immediate gains and potential drawbacks for the industry.