Oil Rises on Middle East Supply Concerns
Oil prices edged higher as traders weighed Red Sea shipping risks and threats to Saudi oil infrastructure. Brent crude futures rose 85 cents, or 0.78%, to $109.64 per barrel as of 0022 GMT.
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Oil prices edged higher as traders weighed Red Sea shipping risks and threats to Saudi oil infrastructure. Brent crude futures rose 85 cents, or 0.78%, to $109.64 per barrel as of 0022 GMT.
Crude oil rose more than 2% to above $93.8 a barrel on Monday, extending gains for a third consecutive session as renewed attacks in Ukraine and the Middle East heightened supply concerns. Ukrainian President Volodymyr Zelenskyy said Russia had continued striking energy infrastructure, including a gas-production facili
Oil prices are on track for a weekly gain as escalating attacks in the Middle East keep a geopolitical risk premium in place. The piece says Brent is around $104 a barrel and WTI near $92.
Gold futures advanced in early European trade as the dollar softened and oil prices fell. Traders were also reassessing the inflation and interest-rate outlook.
Bitcoin rose 0.9% to $82,468 after touching a two-and-a-half-week low, as risk appetite improved on hopes of diplomatic progress in the Middle East conflict. The move also came as oil prices eased and the dollar softened.
LGT Private Banking Asia said the dollar is likely to remain rangebound against the yen in the near term, largely within 155 to 160 yen. The bank cited intervention risk, Japanese investor repatriation and wide U.S.-Japan rate differentials.
WTI is up 4.7% to $92.46/bbl and Brent up 4.5% to $104.76/bbl on Middle East escalation fears and a U.S. Gulf storm expected to shut in production.
Oil futures rose sharply as concerns intensified over renewed strikes on Iran, attacks on shipping in the Gulf and production shut-ins ahead of Tropical Storm Isaias. WTI was up 4.7% at $92.46 a barrel and Brent gained 4.5% to $104.76.
Oil prices advanced in Asia after tensions in the Middle East raised concerns about potential supply disruptions. Houthi militants escalated conflict with Saudi Arabia by attacking two airports in the kingdom, including King Khalid International Airport.
The roundup says the Swiss franc remains supported by safe-haven demand, while sterling and gilt yields rise on expectations for Bank of England policy tightening and ahead of the U.K. budget. It also notes euro weakness tied to French fiscal concerns and a Treasury auction under close watch.
Three-month LME copper was down 0.25% at $14,379 a tonne by 0300 GMT, pressured by a firmer US dollar and higher oil prices.
Oil rose Wednesday, as concerns over attacks by Yemen's Iran-backed Houthis on Saudi Arabia outweigh a higher crude supply in Middle East.
The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day. 0204 GMT - Malaysia's Budget 2027 is expected to offer policy support to favor domestic manufacturing and strengthen the automotive supply chain, says Affin Hwang IB analyst Afifah Ishak in a note. This should be
Oil prices increased in early Asian trade due to persistent tensions in the Middle East, which are fueling concerns about potential supply disruptions. The Houthi rebels in Yemen attacked two airports in Saudi Arabia near the border, as reported by the kingdom on Tuesday.
World stocks rose on Tuesday, reaching two-week highs as falling oil prices and retreating bond yields steadied sentiment ahead of an earnings season expected to be driven by AI growth. S&P 500 futures pointed to a record-high open, while the Nasdaq was on track for a third consecutive all-time high.
FTSE 100 up 0.5% to 10,554.51 points by 1030 GMT and FTSE 250 also up 0.5% amid easing gilt yields and lower oil prices. Financial and consumer staples lead; Informa gains on a planned £2.24bn Clarion deal.
European stocks rose, extending a global equity rally as investors turned more optimistic ahead of earnings season. The euro rose, while long-dated Treasury yields retreated from multi-decade highs.
Crude oil climbed back above $91 a barrel on Thursday as reports of tighter Chinese fuel supplies added to concerns over an already disrupted global market. PetroChina has reportedly withdrawn several gasoline and jet-fuel cargoes scheduled for October, with Beijing seeking to preserve domestic inventories. The move co
Oil prices edged higher as Middle East crude exports continued to recover toward prewar levels, easing some immediate supply concerns even as risks around regional shipping and the U.S.-Iran conflict persisted. December Brent crude futures gained 0.5% to $98.56 a barrel on Thursday.
Benchmark 10-year U.S. Treasury yields held near their highest since June 2007, while German and French 10-year yields hit 17-year and 18-year highs. Stocks were broadly resilient, with Asian shares higher and European indexes little changed.
Benchmark sovereign yields in the US, Germany and France hovered near multi-year highs while equity indexes rose across Asia and Europe. The dollar was set for a monthly gain, with crude and gold also firmer on the month.
The dollar was flat against major currencies as US-Iran tensions pushed oil higher and Treasury yields rose. Markets are watching upcoming US data and the Reserve Bank of Australia meeting for further policy clues.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Brent crude rose more than 3% above $107 a barrel as US-Iran tensions heightened supply risks and Treasury yields stayed above 5%. The Australian dollar weakened ahead of an expected Reserve Bank of Australia rate hike Tuesday.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Brent crude futures rose 1.7% to $102.07 a barrel as Strait of Hormuz shipping risks kept Middle East supply concerns in focus, with investors awaiting signs of diplomatic progress over Iran.
Gold prices climbed above $4,350 on Tuesday, recovering from the previous session’s losses as falling oil prices eased inflation concerns and expectations for further interest rate hikes. Oil prices declined for four straight sessions amid increased diplomatic efforts to end the Middle East conflict and signs of contin
Crude oil prices edged higher on Hyperliquid as tensions in the Middle East escalated after Ansar Allah, popularly known as the Houthis, launched a strike on a key Saudi Arabian airport. Crude Oil Prices Jump as Houthis Attack Riyadh Airport The West Texas Intermediate (WTI) rose to $96.2, with its open interest hittin
Gold edged up to a one-week high of $4,350 on Friday, posting its first weekly gain in four weeks, as falling oil prices eased concerns over prolonged inflationary pressures. Gains were capped, however, by a stronger dollar, which remained supported after the US Federal Reserve raised rates by 25 bps on Wednesday and s
Silver climbed to around $66 an ounce on Friday, its highest level in more than a week, as falling oil prices eased concerns over persistent inflationary pressures. Gains were limited by a stronger dollar, which remained supported after the US Federal Reserve raised rates by 25 bps on Wednesday and signaled further inc