The common concept used by the markets remains, at least according to financial analysts: what is bought is what counts. Oil is still higher but has not yet shown an uncontrollable trend. LNG is still being certified but is still sold in known or common forms. Property prices are increasing, insurers are reducing risk, and … Read more
Moneywise and Yahoo Finance LLC may receive commission or revenue from the links below. As the Secretary of the Interior, Doug Burgum explained how the increase in oil production in Venezuela could help lower gas prices for Americans, President Donald Trump intervened on a different issue (1): “Forget that – when are they going to … Read more
Power traders say online betting platforms are directly driving the global oil market as they rely heavily on unpredictable markets to secure multi-million dollar trades. Market experts said that datafeeds from forecasting platforms such as Polymarket are used to create algorithms that influence trades in the global Brent crude futures market. Polymarket’s “extensive” use of … Read more
Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more
The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more
Source: JP Morgan via Marketwatch In normal times, about 20 percent of the world’s oil production passes through the Strait of Hormuz. That flow has been cut off except for Iranian oil and a few other ships that the Iranians allow through. This disruption has led to a significant increase in oil prices in the … Read more
As tensions between the United States and Iran escalate, countries are scrambling to secure energy supplies, pursue new alliances and strategic investments to prevent their economies from becoming politically entrenched. Botswana is one of those setting the trend. The landlocked southern African country, which does not produce crude oil, is entirely dependent on exports of … Read more
Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more
The Strait of Hormuz has returned to UK investors as the conflict raises the risk of oil price shocks and wider Middle East conflict. The risk tone on the S&P 500 today could spill over into London, setting higher energy prices and policy uncertainty. ^GSPC sits below key moving averages, and energy-driven volatility is increasing. … Read more
Rising oil prices continue to weigh on the world economy as a result of the war with Iran. Now, some analysts say it could be worst as the conflict continues. The concern is that apart from the effects of rising oil prices, the disruption of the war may come in waves – it will play … Read more