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Oil surges and global stocks sink on fears Trump’s Iran strike will be ‘deemed a declaration of war’
Markets swerved Friday after the US killed a top Iran military leader. Futures underlying the S&P 500, Dow, and Nasdaq slumped at least 1%.
Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions
Iran is safely storing its crude and freeing up its tankers, while China can tap the stockpile if supply is disrupted or sanctions end.
Oil is being propped up by Middle East tensions after the US used video to blame Iran for tanker attacks
Oil prices on Friday were pushed and pulled between competing drivers of Iran tensions and a supply glut.
Oil is nearing its biggest weekly loss this year as demand and trade-war woes combine in a ‘recipe for disaster’
Rising US supply, weakening demand, and US-China trade fears are a "dangerous combination" and adding to trader concerns in oil markets.
Oil prices jumped on Monday after OPEC signaled it would maintain supply cuts and President Trump threatened the "official end of Iran."
‘US crude continues to be an unstoppable force’: Here’s a simple guide to navigating the oil market in 2019
The energy market is volatile by nature, but this year was marked by especially sharp price movements. Here's what is expected to happen in 2019.
A hedge fund run by one of the world’s most famous oil traders is the latest major victim of surging market volatility
Pierre Andurand, the fund's manager, is an oil market veteran who made his name during the financial crisis with bets against oil.
Less than two weeks before US sanctions against Iran kick in, OPEC said the oil market could shift toward a surplus and signaled it would adjust production accordingly if that were the case.
Oil prices tumbled Wednesday to their lowest level since September after government data showed US inventories rose more than expected and as stocks paused an earlier rebound.
While Saudi Arabia isn't likely to follow through with what many saw as a veiled threat to pressure the energy market if the West imposes sanctions against Riyadh, analysts aren't ruling that scenario out.