Oil’s futures curve slips into backwardation as diesel cracks hit $100 a barrel
Oil's futures curve has swung into backwardation, with near-term contracts trading above longer-dated ones as diesel margins hit historic highs....
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Oil Nears $90 as Tight Refining Capacity Squeezes Diesel Prices
Crude climbed further, pushing oil back toward the $90 level, while pump prices have yet to catch up. The report...
Oil hits three-week high as Iran war impasse threatens Middle East supply
Brent and WTI crude both climbed to three-week highs on Thursday, gaining for a fifth straight session as the impasse...
Brent Crude Jumps 2.4% to $93.85 as US-Iran Ceasefire Lapses
Brent crude rose 2.4% to $93.85 a barrel on Thursday, its fifth straight day of gains, after the US-Iran ceasefire...
Trump’s economic war on Iran sends oil prices to monthly highs
Oil prices rose on Thursday after President Donald Trump announced a sweeping economic campaign against Iran, sending West Texas Intermediate...
