Oil Prices Rise for Fourth Day as Hormuz Traffic Slows
Crude oil prices extended their gains for the fourth day today as fresh tanker-tracking data suggests traffic via…
U.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records
Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle East…
Hormuz Tanker Traffic Slows to a Trickle
Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices.…
Oil Majors Reap $93 Billion Windfall From the Iran War
Oil prices have soared in recent months as a result of the almost complete closure of the Strait…
Oil Prices Fall as OPEC and IEA Slash 2026 Demand Outlooks
Despite the ongoing stalemate in the U.S.-Iran talks and persistent risks to shipping in the Middle East, oil…
Oil Prices Climb as U.S.-Iran Peace Hopes Fade
Crude oil prices moved higher today as the chances of a lasting peace between the United States and…
Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged…
Oil Prices Plunge 5% as Trump Halts Iran Strike Plans
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of…
Canadian and U.S. markets move in opposite directions amid earnings, economic data
A person walks past the TMX Market Centre in Toronto, Wednesday, Sept. 11, 2024. THE CANADIAN PRESS/Paige Taylor…
US inflation slows in June, but reversal likely amid Middle East conflict
WASHINGTON, July 30 (Reuters) – U.S. inflation slowed in June, but the easing is likely to be temporary…
Oil Prices Head for 20% Monthly Surge Despite Recent Pullback
Crude oil prices have been trending lower over the past couple of days, but the benchmarks are on…
Oil Prices Slip Despite New Attacks Across the Middle East
Crude oil prices ticked lower today on reports that oil tankers were still passing through the Bab el-Mandeb…