Crude Oil

What is important in the U.S. and international markets today by Mike Dolan Editor-at-Large of Finance and Markets The?U.S. The?U.S. It's not wise to read too much into the market movements this week due to the short week, the quarter-end trading quirks, and the looming payrolls reports, but there does seem to be some profit-taking going on, as well as portfolio reshuffling. Below, I'll go into more detail. Check out my column about the seemingly unstoppable growth of the U.S. economic over the last 17 years, and how it has affected the bull market in equity. Listen to the Morning...

Brent oil, meanwhile, posted its biggest quarterly drop since 2020 as traders stayed on top of a fragile truce between the United States &?Iran. The U.S. Dollar was expected to post its fourth consecutive quarterly gain against a basket, pushing the yen down to a low of 40 years, as expectations of U.S. rate hikes changed dramatically on the last day. The greenback gained more than 1% against the currencies of emerging markets as a group throughout the second quarter. The Strait of Hormuz reopened slowly and randomly on the energy markets as the hostilities between Iran and the U.S....

The oil prices were little altered on Tuesday, but they were heading for their largest monthly and 'quarterly' losses since the COVID-19 Pandemic early in '2020. Investors were looking at potential U.S. - Iran talks in Doha amid the strained -interim ceasefire of the four-month long war. Brent futures dropped 13 cents or 0.2% to $73.02 per barrel at 12:34 pm EDT (1634 GMT), whereas U.S. West Texas Intermediate crude (WTI) fell 89 cents or 1.3% to $69.86 per barrel. The two crude benchmarks are close to the levels they reached on February 27, just before the U.S. and Israel...

Shell's annual report said that the global liquefied gas demand is expected to increase by 65% by 2050. This will be driven by Asia, as they seek "lower-emission alternative" fuels than coal, and data centres are driving up power consumption. In its LNG Outlook 2026, the world’s largest trader in supercooled fuel predicted that global demand would reach 700 million metric tonnes per year by this date. The report said that the LNG trade was expected to grow in 2026 from 422 million tonnes in 2025. The Strait of Hormuz is currently experiencing severe disruption, which has caused around one-fifth...

Asian stocks surged on Tuesday at the end of an impressive quarter, as a resurgent yen fell to its lowest level in four decades and headed towards a fourth consecutive quarterly increase. Japan's Nikkei rose 1.6% and is on track to set a new record for quarterly gains of over 38%. South Korea's KOSPI, which is dominated by chipmakers, rose 3%. However it was on track for a record-breaking second-quarter gain of more than 71%. It has already doubled in the past year. Brent crude futures are trading at $72.49 per barrel, which is the pre-war price. This is even...

The yields on short-term U.S. Treasury bonds were mostly higher Monday as crude prices increased following the?attacks? between the U.S. U.S. crude jumped 1.34%, to $70.15 per barrel. Brent went up to $72.77 a barrel, a 1.08% increase on the day, as the attacks threatened to undermine a fragile peace deal. However, expectations of continued energy shipping through Strait of Hormuz held gains in check. A source said on Monday that the Iranian and U.S. teams working on the implementation a interim peace agreement?are likely to meet in Doha within the next few days. This week will bring a series...

The global equities markets fell on Friday, and are set to decline for the week, as profit-taking drove a saleoff in chip stocks and technology companies, while crude oil dropped?as more tankers left Strait of Hormuz. Wall Street saw all three indexes trade higher, despite choppy trading, as gains in consumer discretionary and healthcare stocks were offset by losses in technology, industrials and energy. S&P 500, Nasdaq and Dow were all on course for weekly losses, while Nasdaq was heading for a gain. The chip stocks fell 4.5%, and they were expected to lose 7% this week. This is the...

Global stocks rose Thursday, as chipmakers' strong earnings lifted sentiment. Meanwhile, the dollar hovered at a year-high, with investors still wary of stretched valuations. S&P 500 and Nasdaq, the benchmark indexes on Wall Street, were both up, with industrials, healthcare, and materials stocks leading the way. Micron rose 10% as the memory chipmaker’s strong forecast contributed to its AI-driven rise. Qualcomm gained 4% following its announcement that it expects to generate $15 billion in annual sales through its data center division by 2029. Nasdaq fell, but was dragged lower by the choppy trades among megacap technology companies. Apple fell 5.3%....

Analysts said that price data shows that a short-term glut pushed oil futures to levels seen before the war, as Middle East exports increased. But returning demand and slow normalisation of the market could tighten it next year. Brent futures for August traded at around $73 per barrel on Thursday. This was their lowest price since February 27. They were also 41 cents lower than September futures. Contango, or the price of a contract that is lower than another contract, indicates a large supply on the market. The reopening of Strait of Hormuz caused a'mini tsunami' that has changed the...

The oil prices continued to decline on Thursday as stranded tanks left the Strait of Hormuz 'following an initial agreement to end the U.S. Israel war with Iran. This eased?supply worries. Brent crude?futures?for August delivery fell by 40?cents or 0.54% to $73.34 a barrel as of 0004 GMT. Meanwhile, U.S. West Texas Intermediate dropped 27 cents or 0.38% to $70.07 a barrel. Brent for August was cheaper than September at $73.59, indicating ample supply in the short term. In a recent note, IG analyst Tony Sycamore stated that "the speed of this drop has caught many off guard" as the...

The stock market fell on Wednesday. Wall Street's gains were erased, and European shares were little changed. Valuation worries continued to weigh on the sentiment. Meanwhile, the dollar rose to a new high. The technology stocks that were hard hit on Tuesday reversed their early gains and continued to fall ahead of the earnings report from Micron, whose chips are a key component in driving AI. Investors have been hesitant as they priced in at minimum one rate increase from the Federal Reserve for this year. The Dow Jones Industrial Average was higher on Wall Street while the S&P 500,...

Brent crude oil prices for second-month delivery traded higher than the price for immediate delivery on Wednesday for the first since the start of the Iran war in late February. This signals an 'increased supply near-term. Brent crude oil, the global benchmark traded 12 cents more for contracts with September delivery than those with August deliveries, suggesting the market has priced in a large supply of crude in the near-term. We have the 'prospect of a rush of physical supply coming out of the Arab Gulf. Neil Crosby is the head of Sparta Commodities' research. "We are currently in a...

What's important in the U.S. and Global Markets Today By Mike Dolan. Editor-at-Large for Finance and Markets Investors are in a cautious mood as we begin the new quarter, month and second half. U.S. Treasury rates have risen overnight, ahead of the June jobs report, and they're already anticipating the second-quarter earnings season. The jump in Treasury yields was not triggered by a specific event, but it came after news of a'surprise' increase in U.S. jobs for May. It also comes before Federal Reserve Chair Kevin Warsh speaks at the European Central Bank annual forum later today in Portugal. Below,...

Wayne Cole gives us a look at what the future holds for European and global markets. The 'new quarter' in Asia has been marked by a lack of confidence, partly because the market is digesting the gains from the previous quarter and partly because the U.S./Iran talks have not progressed. Tehran has reportedly refused to meet with President Donald Trump's son in law?Jared Kushner or his envoy Steve Witkoff, who arrived for high-level talks at Doha. The Strait of Hormuz is a very difficult issue. It's unclear how to resolve it. Asian stock markets have been mixed. This follows a...

On Tuesday, global stocks were on track to achieve their best performance in the second quarter of six years. Meanwhile, a resurgent US dollar drove the yen down to its lowest level in four decades and?on course for a fourth consecutive quarterly increase. In the past three months the Strait of Hormuz reopened haphazardly and gradually as the hostilities between Iran and the U.S. waned, resulting in a fragile ceasefire that knocked 20% off of the price of crude oil. A dramatic shift has also occurred in the expectations of U.S. interest rate, against a backdrop that is dominated by...

Tom Westbrook gives us a look at what the future holds for European and global markets. This session is the first day of buying for the next quarter, as trades settle on the following day. The 'biggest supply shock in history' has barely left a mark on the financial markets as China cut demand, producers and alternative shipping routes filled the shortfall. The oil prices have dropped to the levels they were before the U.S., Israel and Iran conflict began in February. Skirmishes that strain the ceasefire draw little attention. Even the bond markets seem to be changing. The bond...

Asian stocks shook as they approached the end of a stellar quarter on Tuesday. A resurgent Dollar pushed the Japanese yen down to its lowest level in four decades, and was heading for a fourth consecutive quarterly rise. Japan's Nikkei is set to record a record gain of 36% in the second quarter. South Korea's chipmaker driven KOSPI fell 1% but was still on track for a record second quarter rise of more than 65%, having doubled in value year-to date. Brent crude futures are trading at $72.49 per barrel, which is the pre-war price. This is even with the...

Ankur Banerjee gives us a look at what the European and global markets will be like today. The latest tit for tat attacks in the Middle East were stopped, causing a nervous reaction on the markets. Persistent unease about stretched 'tech valuations' and the prospect?of higher rates for longer added to doubts over a ceasefire which has been struggling to hold. The oil prices have risen on the back of renewed hostilities, but they've also slowed down as new talks raise hopes for an interim agreement. This helped lift U.S. stock futures and European stock prices, though Asian equities remain...

Trade sources reported on Friday that 'QatarEnergy' has released a tender to sell crude oil for loading in July and August. This is believed to be its first tender since the onset of 'the Iran -war. Producer offers Marine Land, Marine Qatar, and al-Shaheen crude. According to a tender document seen by, buyers can load or transfer via ship-to -ship transfer between Fujairah & Sohar. The bid will close on 29 June. The offer is a further boost to the rising supply of Middle Eastern producers. Iraq's SOMO, the state-owned oil marketer in Iraq, issued a tender?Thursday for Basra Heavy...

What's important in U.S. and Global Markets Today By Mike Dolan, Editor at Large, Finance and Markets Micron Technology’s impressive earnings report and demand forecasts from Wednesday have 'heated up' the shaky sector. The trillion-dollar memory chips maker's stock rose 14% over night and ignited a tech rally around the globe on Thursday. Qualcomm also revealed the level of demand for their chips in the upcoming years. So, to suggest that the market wobble this week was due to a easing of chip frenzy is wildly inaccurate. Below, I will go into more detail. Check out my column about why...

Aluminum traded at a level similar to that of the pre-Middle?East War levels for the second trading day as the market priced in its conflict risk premium. Benchmark?aluminium for three months on the 'London Metal Exchange' edged up by?0.14%?to $3,127 per metric ton at 0701 GMT. This marks a 8% decline since the beginning of the week. The Shanghai Futures Exchange's most traded aluminium contract closed daytime trading down by 2.58% at 22,865 Yuan ($3,360.82). It fell earlier in the session to 22,665 Yuan per ton ($3,360.82), its lowest level since 2026. Analysts at Sucden Financial noted that the decline...

Aluminum prices fell on Thursday as the Middle East war-risk premium faded, as the fragile peace in?region continued to hold. The Shanghai Futures Exchange's most traded aluminium contract fell 2.75% to?22.825 yuan (3,354.55) per ton after?falling?to an earlier 2026 record low price of 22.665 yuan per ton. The benchmark three-month aluminum on the London Metal Exchange was up 0.13% to $3,126.5 per metric ton at 0339 GMT. This marks an 8% decline since the beginning of the week. As ships passed through the Strait of Hormuz, prices for the light metal fell this week. A fragile peace seemed to hold....

The stock market rebounded Wednesday, despite a drop in technology stocks. This was partly due to concerns over stretched valuations. Meanwhile, the dollar reached a new high. The technology stocks that were hard hit on Tuesday started to rise ahead of Micron's earnings, whose chips are a key component in the AI boom. Investors priced in at minimum one rate increase from the Federal Reserve for this year, but sentiment was still fragile. All three Wall Street indexes rose, with gains driven by consumer discretionary, materials and industrial stocks. The biggest losers were energy stocks as the flow of crude...

On Wednesday, Asian stocks struggled to find direction as 'crude oil' prices continued their declines near a?four-month low. Analysts warned of renewed volatility due to the stretched AI valuations. MSCI's broadest Asia-Pacific share index outside Japan closed up 0.4%, after swinging between gains and losses. South Korean shares, that plunged 10% in Tuesday's sharpest drop since March, rallied by 3.5%. Japan's Nikkei fell 0.4%, and Taiwan stocks lost 1,9%. Michael McCarthy, a market analyst with Moomoo Securities Australia, said that the price action on markets in the past seven trading days has been alarming. Not only when it fell, but...