The Latest Breaking News from G7

Crude Prices Plunge as President Trump Insists War Will End Soon

April WTI crude oil (CLJ26 ) is down -10.78 (-11.37%), and April RBOB gasoline (RBJ26 ) is down -0.1752 (-6.24%). April WTI crude oil on Monday rallied to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $84-per-barrel area. Crude oil prices spiked higher to $119.48...

Barchart · Mar 10

Stocks Move Higher as Oil Prices Plunge

The S&P 500 Index ($SPX ) (SPY ) is up +0.28%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. March E-mini S&P futures (ESH26 ) are up +0.40%, and March E-mini Nasdaq futures (NQH26...

Barchart · Mar 10

Dollar Trades Mildly Lower as Oil Prices Plunge

The dollar index (DXY00 ) today is mildly lower by -0.14%. The dollar is trading lower on today's sharp decline in oil prices, which is dovish for Fed policy. However, the dollar has underlying support from today's +2.3 bp rise in the 10-year T-note yield. Today's existing home sales report...

Barchart · Mar 10

Stock markets drop after spike in crude oil prices amid Iran conflict

On Monday morning, the FTSE 100 joined the other major financial markets with a firm slump, dipping by as much as 1.7%.

Evening Standard · Mar 9

Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war

The Chancellor said she was ready to support a ‘co-ordinated release’ of international oil reserves.

Evening Standard · Mar 9

EU ministers eye oil reserves to contain energy prices and inflation as Iran war rages

Ministers are exploring measures to curb energy prices and inflation at a series of meetings in Brussels, with the release of oil reserves being discussed. Germany stated that it supports keeping the option on the table, but emphasised that now is not the right time to use it.

Euronews · Mar 9

G7 'not there yet' on releasing oil reserves as Iran war drives price surge

After oil prices jumped above $100 a barrel overnight, finance ministers from the G7 countries held a conference call on Monday but did not agree on releasing oil stockpiles to stabilise the market.

Euronews · Mar 9

Crude Prices Surge after Israel Bombs Iranian Fuel Depots

April WTI crude oil (CLJ26 ) today is up +5.49 (+6.04%), and April RBOB gasoline (RBJ26 ) is up +0.0878 (+3.25%). Crude oil and gasoline prices today are sharply higher after Israel on Saturday bombed 30 Iranian oil depots. In addition, Saudi Arabia became the latest Middle East oil producer...

Barchart · Mar 9

Donald Trump calls the biggest oil surge since 1983 a ‘very small price to pay’ – ‘only fools’ would disagree

Ain’t that reassuring?

We Got This Covered · Mar 9

Trump Dismisses Oil Spike Fears and Calls Critics 'Fools' as Other Countries Scramble for Oil Reserves

US President Trump downplays the crisis, calling it a minor sacrifice for global security. But the recent escalation in the Middle East has led to a significant rise in oil prices, prompting an emergency meeting among G7 leaders.

International Business Times UK · Mar 9