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Crude oil rose past $105 per barrel on Tuesday, the highest in over four months, on mounting curbs to supply from the Middle East and fresh setbacks on Libyan output. Saudi Arabia closed its East-West pipeline following attacks from Iraqi territory. The strikes suspended activity in infrastructure that was allocating 7
Russian Urals crude traded above $100 a barrel and Brent above $105 as Middle East fighting involving Yemen-based Houthi militants and Saudi-backed forces raised supply-disruption concerns.
The EIA now expects Brent crude to average about $91 a barrel in 2026 and WTI $84.65, both higher than its prior forecast. The agency said global oil stocks have fallen by an estimated 400 million barrels this year and cited reduced Middle East production and exports.
U.S. stocks closed lower Tuesday as the CNN Fear and Greed Index slipped to 44.2 from 47.5, entering the fear zone. The Dow fell 419 points, while the S&P 500 and Nasdaq also weakened.
Exxon Mobil shares are trading higher by almost 2% Monday as traders react to Venezuela investment headlines, with S&P 500 futures down 0.4%.
India’s BSE Sensex rises about 0.1% to 77,595, with elevated crude oil prices and pressure in global bond markets limiting further upside.
Brent crude rose above $92 a barrel as renewed Middle East tensions raised concerns about energy-supply disruptions, alongside reports of shipping disruptions and a vessel struck near the strait.
Crude oil rose above $86 a barrel as renewed Middle East tensions raised disruption risks, while higher US refinery activity and mixed inventory data also supported prices.
Tech stocks fell for a third straight session Friday as the semiconductor complex extended one of its worst weeks of the year, with investors fleeing the AI hardware trade after a Chinese startup unveiled the world’s largest open-weight model. The selloff had already started in Asia overnight, where Moonshot AI showcas
US Central Command says that commercial maritime traffic through the Strait of Hormuz increased on Saturday, even as Iran announced the closure of the vital waterway. Safe passage remained intact, with 55 merchant ships transiting the Strait, US Central Command said in an X post on Saturday. The vessels moved more than