Lower energy prices are one of Trump's campaign promises, but an oil price crash could hit US producer margins.
As President Donald Trump's latest tariffs weigh on growth outlooks, OPEC+ members unveiled plans for an output boost that outpaced expectations.
Investors are betting that a peace deal and sanctions relief would boost Russian asset values. Even if that happens, plenty of uncertainty remains.
Vladimir Putin dismissed the ruble's latest tumble, but analysts say falling oil prices and sanctions spell problems for Russia's economy.
Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to curbing supply. That bodes ill for Russia.
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, the IEA said,
Gains were muted Tuesday morning as investors parsed through the latest earnings from Citigroup, Goldman Sachs, and Bank of America.
The market rebounded from Monday's losing session as oil prices plunged 4% and tech stocks gained ground.
The escalating unrest in the Middle East is a global threat, on top of a US hurricane and a raft of economic woes in China, economists say.
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.
On the supply side, Saudi Arabia is looking to increase market share instead of pursuing higher profits.
The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's power needs, Goldman Sachs analysts say.
Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them are flip-flopping on their environmental promises.
Investors are underpricing oil amid geopolitical tensions, Ben McMillan says.
Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw their steepest drop in a year.
The attack on Iran on Friday isn't as important for US inflation as domestic demand, said an economist at a private Swiss bank.
Markets have been on edge since over fears of a widening of the conflict in the Middle East — a major oil-producing region.
Geopolitical tensions are sending oil prices surging. Here's how to invest in the commodity.
Citi strategists wrote in a recent note that they see gold soaring past $3,000 per ounce in the next six to 18 months.
The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.