You Searched For "crude oil spike" and got 20 results
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2 mins read
Stock market today: Stocks close at records as Powell strikes dovish tone and Tesla shares spike
The S&P 500 neared a new record high as stocks were propelled by dovish remarks from Jerome Powell,…
Filip De Mott
2 mins read
Oil and natural gas prices could spike 40% this year if war spreads across the Middle East, economist says
If tensions in the Middle East spiral out of control it would slow global growth and limit trade vo…
Filip De Mott
2 mins read
The world could see a 1970s-style oil shock amid deepening conflict in the Middle East, 'Dr. Doom' Nouriel Roubini says
An oil price shock has the potential to spark a recession or a 1970s-style stagflationary crisis, R…
Jennifer Sor
2 mins read
Stock market today: Nasdaq hits record, Dow tumbles as bond yields spike
The 10-year US Treasury yield jumped back above 4.5% on Tuesday after weak demand at the latest gov…
Max Adams
1 min read
Oil prices briefly spike as Russia suggests more OPEC+ cuts will hit markets in 2024
But oil prices later gave up gains and turned lower, with Brent crude and West Texas Intermediate b…
Jennifer Sor
2 mins read
Houthis claim video shows one of its sea drones striking an oil tanker in the Red Sea
Yemen's Houthi rebel group shared a video of what it claimed was a sea drone striking an oil tanker…
Thibault Spirlet
1 min read
Oil spikes 4% as geopolitical tensions stoke fears of a supply disruption
On Thursday, the US tightened the screws on Russia with fresh sanctions, raising concerns about sup…
Phil Rosen
4 mins read
BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices
The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 fi…
1 min read
Russia's weekly oil flows spike to the highest in 5 months as OPEC and allies grapple over cuts to output
Russian oil exports jumped over the last week. OPEC and its allies have been trying to curb output …
Jennifer Sor
2 mins read
Stock market today: US indexes mixed amid hawkish Fedspeak and spiking bond yields
"Fed Chair Powell moved more decidedly in a hawkish direction," Quincy Krosby, Chief Global Strateg…
Filip De Mott
1 min read
Hamas' strike on Israel will force the market to 'beg' Saudi Arabia to pump out more oil, famed crude trader says
Hamas' attack will play into the hands of the world's largest oil exporter, according to legendary …
George Glover
2 mins read
US stocks rise but head for losing week amid spike in bond yields and surging oil prices
The 10-year Treasury jumped to its highest level since October 2007 this week as investors digest t…
Phil Rosen
2 mins read
Russia saw its oil revenue double in April despite Western sanctions
Strong global demand and supply fears driven by geopolitical risks have helped bolster Russia's ene…
Yuheng Zhan
2 mins read
Indian Rupee spikes by 14 paise in early trade as dollar retreats on Fed commentary
The Indian Rupee charted a smart comeback on Thursday morning trade, as the dollar index slumped on…
2 mins read
US stock trade mixed as key bond yields near 5% and oil spikes again on Middle East conflict fears
Turmoil in the Mideast pushed crude oil prices higher, while Wall Street's bond market sell-off has…
Phil Rosen
2 mins read
At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says
"By underinvesting, we are actually endangering energy security," Haitham Al-Ghais told CNN on Mond…
Filip De Mott
2 mins read
Stock market today: US indexes reverse lower on worries of Israel-Iran escalation and spiking Treasury yields
"Iranian officials have said that this concludes the response and markets are hoping that the situa…
Matthew Fox
1 min read
Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023
Revenue from oil exports hit an eight-month high for Russia in July, with the warring nation sellin…
Phil Rosen
2 mins read
Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say
Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…
Nathan Rennolds
2 mins read
Oil prices spike 6% after OPEC's unexpected supply cut
The oil cartel announced it was slashing production by over 1 million barrels a day, shrugging off …