Brent tops $99 as U.S. and Iran trade fresh strikes near the Strait of Hormuz
Brent crude briefly topped $99 a barrel and WTI rose above $93 on Tuesday after the U.S. and Iran exchanged…
Commodities News
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Iran says it seized US Navy drone near Strait of Hormuz, a key oil chokepoint
Iran's Islamic Revolutionary Guard Corps Navy says it seized a US unmanned underwater vehicle near the Strait of Hormuz on…
OPEC output falls 900,000 bpd in August as Saudi Arabia’s exports are disrupted
OPEC's collective output dropped by 900,000 barrels per day in August, averaging 19.91 million bpd, as Saudi Arabia's exports were…
Northwest European Gasoline Margins Drop $5.03 as Crude Prices Rise
Northwest European gasoline refining margins fell as crude oil prices rose on Tuesday, squeezing the spread refiners earn on fuel….
Goldman Sachs Sees Brent Crude Hitting $120 if Hormuz Disruptions Persist Through 2027
Goldman Sachs has raised its oil price target, forecasting Brent crude could reach as high as $120 a barrel if…
