The Latest Breaking News from Oil

Shares fall as oil surge fuels inflation fears

Brent oil was quoted at 105.51 dollars a barrel.

Evening Standard · Sep 10

US oil jumps above $100 and stock futures slump

Amid the escalating U.S.-Iran conflict, crude oil prices in the U.S. have surged past one hundred dollars, leading to marked increases in global oil benchmarks that ripple through international markets. This surge coincides with a decline in U.S. stock futures, attributed to rising wholesale inflation in August. Meanwhile, the European…

The Economic Times · Sep 10

Crude Oil at $100 Gets All the Attention. Watch These 5 Charts to Track the Energy Market Mechanics Behind the Headlines.

Our Senior Market Strategist talks about tight oil supplies and the rising cost of replenishment.

Barchart · Sep 10

Dollar Supported by Rising Crude Prices and T-Note Yields

The dollar index (DXY00 ) is up by +0.20% today. The dollar is moving higher today amid the +3% surge in WTI crude oil to a 3.5-month high, which is boosting inflation expectations and could persuade the Fed to raise interest rates. Also, today’s jump in T-note yields has strengthened...

Barchart · Sep 10

Pakistan killed Palestinians for Jordan. Will it kill Houthis for Saudi?

Houthi attacks near Saudi Arabia have intensified, prompting a cautious response from Pakistan. Pakistan's defence pact with Saudi Arabia and Turkey is now being tested by these events. The nation is carefully balancing its relationship with Saudi Arabia and its neighbor Iran. Historical military ties with Arab nations are noted,…

The Economic Times · Sep 10

US producer inflation tops expectations as diesel costs jump

US wholesale inflation picked up more than expected in August, government data showed Thursday, driven by higher energy costs in the month -- particularly for diesel -- as the US war with Iran continued. On Thursday, government data showed that costs for gasoline, jet fuel, home heating oil, alongside candy…

The Economic Times · Sep 10

Yemen risks a return to civil war as Iran-backed rebels target a vital oil shipping route

Yemen faces renewed civil war as Houthi rebels advance near a vital shipping lane. The rebels' move threatens the Bab el-Mandeb Strait, a crucial global trade route. This advance comes after a fragile ceasefire began to buckle in 2022. The conflict could further disrupt oil shipments and increase global crude…

The Economic Times · Sep 10

Are Air Fryer Convenience Foods Actually Worth the Price?

The kitchen countertop appliance revolution changed home cooking forever, turning everyday kitchens into mini-restaurants capable of producing ultra-crispy foods with minimal oil. Along with this appliance boom came a massive wave of specialized grocery products designed specifically for rapid countertop convection cooking. Walk down the frozen aisle of any major…

Grocery Coupon Guide · Sep 10

US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb

Wholesale inflation increased in August after cooling earlier this summer. Higher oil and gas prices, driven by Middle East conflict, are keeping costs elevated. This rise in producer prices could influence the Federal Reserve's upcoming interest rate decision. Consumers are experiencing more expensive gas, groceries, and other essential items. The…

The Economic Times · Sep 10

Stocks Slump as Crude Prices Soar and Bond Yields Surge

The S&P 500 Index ($SPX ) (SPY ) is down -0.54% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.96%. E-mini S&P futures (ESU26 ) are down -0.50%, and September E-mini Nasdaq futures (NQU26...

Barchart · Sep 10