Trump: Historic flows of oil out of Hormuz in the last 3 days.
Trump: Historic flows of oil out of Hormuz in the last 3 days.
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Tech lifts Asia shares, oil dips on supply talk, dollar eases
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.
Asia shares up on tech, oil dips, dollar steady at 157 yen
Asian share markets edged higher on Monday, boosted by chipmakers, while oil prices eased slightly but remained above $100 a barrel. The dollar held steady against the yen at 157.00, with investors wary of potential intervention by the Bank of Japan.
Trump Team Rejects Fuel Export Bans, Vows 'All-Time High' Oil Production as Brent Crosses $108
The Donald Trump administration rejected restrictions on fuel exports, committing to record domestic energy production as Brent crude prices surpassed $107 per barrel. Maximizing Domestic Output and Exports U.S. Deputy Secretary of Energy James Danly confirmed the administration’s focus on expanding supply rather than
Exclusive: Don’t Buy Crude ETFs for the Refining Crunch—Veteran Trader Warns of a ‘Temporary Crude Surplus’
Despite historic refining margins and 10% of global capacity sitting offline, former Petronas trader Baron Lamarre warns that a “temporary crude surplus” makes ETFs like United States Oil Fund, LP (NYSE: USO ) and United States Brent Oil Fund, LP (NYSE: BNO ) poor plays right now. Instead, experts suggest targeting ind