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WTI Crude (Mar'23)

Middle East escalation could trigger energy shock that fuels inflation, World Bank warns

by Adrian Jhonsan
Middle East escalation could trigger energy shock that fuels inflation, World Bank warns

A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products …

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Categories World

WTI falls back below $83 a barrel

by Milton Acorn
WTI falls back below  a barrel

A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. Image taken July 17, 2018.  Liz Hampton | Reuters U.S. crude oil fell …

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Categories Science

WTI at $83 on hopes for interest rate cuts

by Milton Acorn
WTI at  on hopes for interest rate cuts

U.S. crude oil moved 1% higher to nearly $83 a barrel Tuesday on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month …

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Categories Science

WTI, Brent fall after Iran says no escalation

by Milton Acorn
WTI, Brent fall after Iran says no escalation

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf. Raheb Homavandi | Reuters Crude oil futures edged …

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Categories Science

Big change in global growth is bullish for commodities: VanEck CEO

by Adrian Jhonsan
Big change in global growth is bullish for commodities: VanEck CEO

Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF …

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Categories World

WTI falls below $83 as war fear eases

by Milton Acorn
WTI falls below  as war fear eases

File photo showing an oil tanker pass through the Suez Canal, Egypt.  Peter Bischoff | Pb Archive | Getty Images Crude oil futures fell for a fourth day Thursday, as …

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Categories Science

U.S. crude oil falls below $85 as traders discount Iran-Israel war risk

by Milton Acorn
U.S. crude oil falls below  as traders discount Iran-Israel war risk

Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline …

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Categories Science

Oil prices fall for second day as U.S. expects limited Israel response to Iran attack

by Milton Acorn
Oil prices fall for second day as U.S. expects limited Israel response to Iran attack

Motorists drive their vehicles past a billboard depicting named Iranian ballistic missiles in service, with text in Arabic reading “the honest [person’s] promise” and in Persian “Israel is weaker than …

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Categories Science

Oil is the ‘key risk to watch’ as Middle East tensions rise, analysts say

by Milton Acorn
Oil is the ‘key risk to watch’ as Middle East tensions rise, analysts say

Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain …

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Categories Science

Ukraine’s AI drone attacks on oil refineries threaten energy markets

by Milton Acorn
Ukraine’s AI drone attacks on oil refineries threaten energy markets

Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March …

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Categories Science
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