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EXPLAINED: Oil news topic | Vintage Vibes

Shares slip as oil prices stay elevated near peaks on Iran war concerns

Asian stocks declined on Tuesday, tracking losses on Wall Street after US stocks retreated from record highs. Crude, meanwhile, remains firm.

Euronews

Asian shares slip and oil pares gains on Iran war uncertainties

Asian stocks are trading lower, tracking losses on Wall Street after U.S. stocks fell from record highs

The Independent UK

Shares drop as US and Iran strikes hit fragile truce

The bourse is on track for a second straight session of losses, as resurgent Middle East tensions and underwhelming local bank earnings weigh on sentiment.

AAP

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Ukraine war briefing: Duelling ceasefires as Zelenskyy floats open-ended truce

Vladimir Putin wants empty skies on Friday and Saturday to celebrate Victory Day; Ukrainian president says guns can fall silent by Wednesday if Russia reciprocates. What we know on day 1,532

The Guardian - AU

Cotton Posts Monday Pullback

Cotton futures closed the Monday session with contracts down 30 to 127 points across most contracts. The US dollar index was $0.146 higher at $98.065. Crude oil was up $3.20 to $105.14. NASS Crop Progress data showed 21% of the US cotton crop planted as of May 3, which was...

Barchart

Soybeans Rally on Monday

Soybeans posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. The cmdtyView national average Cash Bean price was up 17 3/4 cents at $11.54 1/2. Soymeal futures were $1.50 to $2.50 higher on the session, with Soy Oil futures 101 to 137 points higher on...

Barchart

Iran strikes on UAE condemned by Starmer amid US bid to open Strait of Hormuz

A move by Donald Trump to reopen the Strait of Hormuz and free stranded vessels has shaken the fragile ceasefire in the region.

Evening Standard

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Top U.S. oil producer declares “green” light on drilling for more oil amid Iran war

Diamondback is the largest U.S. oil producer to hike spending and drilling as a result of the Iran war thus far.

Fortune

'You could say the ceasefire has ceased': Iran is back on Wall Street's radar as oil prices spike 6%

The U.S. and Iran traded shots, while the UAE was slammed by drone strikes.

Fortune

Stocks Fall Amid Rising Middle East Tensions

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. June E-mini S&P futures (ESM26 ) fell -0.42%, and June E-mini Nasdaq futures...

Barchart

Stocks Fall And Oil Surges As Tensions Flare Up In The Strait Of Hormuz

Stocks fell and oil jumped on Monday as tensions flare up again around the Strait of Hormuz.

International Business Times

Trump Turned to China for Hormuz Help After NATO Allies Flatly Refused to Get Involved

The US seeks China's help to reopen the Strait of Hormuz after NATO allies refuse involvement, highlighting contradictions in Trump's foreign policy amid ongoing trade tensions with Beijing.

International Business Times UK

U.S. Economy Could Face Demand Destruction Over Continued Economic Impact Of Iran War

A new report claimed that the continued impact of the Iran war will put the U.S. economy through demand destruction, a process in which prices rise so sharply that households and businesses are forced to change how they spend, work, travel, and invest.

International Business Times

UAE Reports Iranian Drone Strike on Key Oil Port as Tensions Escalate in Strait of Hormuz

Iran's state media, however, cited an unnamed official saying Tehran had "no plans to target the UAE"

Latin Times

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Barchart

Dollar Rises as Iran Tensions Escalate

The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports...

Barchart

Crude Oil Prices Surge as Iran Tensions Heat Up

June WTI crude oil (CLM26 ) on Monday closed up +4.48 (+4.39%), and June RBOB gasoline (RBM26 ) closed up +0.1430 (+3.98%). Crude oil and gasoline prices recovered from overnight losses and moved sharply higher on signs of heightened tensions in the Strait of Hormuz. Crude prices shot higher Monday...

Barchart

Cold US Temps and Strength in Crude Oil Lifts Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Monday closed up +0.087 (+3.13%). Nat-gas prices rallied to a 4-week nearest-futures high on Monday and settled sharply higher. Nat-gas prices have support on the outlook for below-normal US temperatures in the near term, which could potentially boost nat-gas heating demand. Below-average temperatures...

International Business Times UK

Oil Prices Spike 5% After Iran Claims Missile Strike on US Vessel Before CENTCOM Denial Rolls Markets Back

Oil prices surged after false reports of a US warship attack near the Strait of Hormuz. The US denied the claims, causing prices to stabilize. Tensions remain high in the region.

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International Business Times

Poisonous Black Rain Falls In Russia Following Ukrainian Strikes On Key Oil Hub

Black smoke has repeatedly risen over the Russian Black Sea port city of Tuapse after a series of Ukrainian drone strikes hit a major oil refinery and export terminal, setting off fires that have burned intermittently for days and spreading oil contamination across land, rivers, coastal waters and even rain…

Barchart

Cotton Trading with Mixed Action on Monday

Cotton futures are trading with contracts down 70 to 120 points, as May is the exception, up 199 points. The US dollar index is $0.355 higher at $98.360. Crude oil is down $3.71 to $105.65. Managed money added another 3,891 contracts to their net long position in cotton futures and...

Barchart

Soybeans Rallying to Start the Week

Soybeans are trading with contracts up 12 to 20 cents across most contracts, led by the old crop contracts. The cmdtyView national average Cash Bean price is up 17 3/4 cents at $11.54 1/2. Soymeal futures are $1.50 to $2.40 higher on the day, with Soy Oil futures 100 to...

The Independent UK

The Latest: United Arab Emirates warns of Iranian attacks as US claims progress in Strait of Hormuz

U.S. forces are guiding commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began

Fortune

America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Woman & Home

The big beauty debate: Is lip balm a daily essential or an addictive vicious cycle?

In the first of our new series, our beauty writer and senior beauty editor disagree on the merits of continuous lip balm use - but who’s right?

The Guardian - UK

Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage

Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west Africa

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