The Latest Breaking News from Oil

Stocks Settle Lower as Crude Prices and Bond Yields Surge

The S&P 500 Index ($SPX ) (SPY ) closed down by -0.45% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.65%. E-mini S&P futures (ESU26 ) fell -0.44%, and September E-mini...

Barchart · Sep 15

Treasury Yields Hit The Highest Level In Almost 20 Years And Oil Kept Climbing. Stocks Fell Again.

The benchmark 10-yield Treasury note rose on Tuesday to the highest level since 2007 as the sell-off in government debt continued one day away from the Federal Reserve's next policy decision.

International Business Times · Sep 15

US-Brazil High Stakes Trade Summit in Milwaukee: Negotiations Seek Tariff Breakthrough Before October Vote

Brazil and the US resume tariff talks ahead of a G20 meeting in Milwaukee, with Lula's re-election bid and a regional oil boom raising the stakes.

Latin Times · Sep 15

Japan and Mississippi Just Sealed a $528 Million Deal — Here's What It Means for America's Power Grid

Hitachi Energy will invest $528 million in a new transformer plant in Gallman, Mississippi, sealed at the G20 Energy Ministerial in Houston.

Latin Times · Sep 15

Crude Prices Surge on Global Supply Risks

October WTI crude oil (CLV26 ) closed up +4.44 (+4.38%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.1481 (+4.46%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude posting a 3.75-month high and gasoline posting a 3-week high. Supply risks are...

Barchart · Sep 15

Oil jumps over $3 as Saudi export halt, Libya outages stoke supply fears

Oil prices jump more than $3 as Saudi Arabia suspends oil loadings at Yanbu and Libya halts output at three oil fields. Supply concerns deepen as traffic through the Strait of Hormuz falls, while attacks on energy infrastructure in Russia and Ukraine push US diesel futures to a more than…

The Economic Times · Sep 15

Oil and Treasury Yields Are Suddenly Moving Together. Why That Could Spell Trouble for Stocks.

The one-month rolling correlation between front-month West Texas Intermediate crude oil and the benchmark 10-year Treasury yield has climbed to 0.96.

International Business Times · Sep 15

Rep. Drew Darby tears into oil and gas commissioner for defying order to appear at Capitol

Wayne Christian said his agency’s meeting kept him from addressing lawmakers about eliminating some public comments at the Texas Railroad Commission.

The Texas Tribune · Sep 15

Saudi crown prince seeks Egypt’s backing as Houthi attacks rattle Red Sea oil routes

Saudi Arabia’s crown prince is seeking back from the president of Egypt, his ally across the Red Sea, as the kingdom faces increased attacks by Yemen’s Houthi rebels

The Independent UK · Sep 15

Alex Saab, Maduro's Money Man, Pleas Guilty in Miami and Agrees to Give Back 195 Million to Venezuela

Alex Saab, the Colombian businessman who became one of Nicolás Maduro's most important financial operatives, pleaded guilty Tuesday in a Miami federal court to one count of money laundering and agreed to forfeit $195 million in illicit proceeds.

Latin Times · Sep 15