Latest Oil Market News and Analysis for Aug. 31
Covered by 15 sources
- Economic Times·1d agoOil edges down as investors weigh uncertainty over U.S.-Iran strikes
On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by…
Read at Economic Times → - Bloomberg Economics·1d agoApollo’s Slok Says US Yields Set to Rise on Iran War, Tariffs
US yields are likely to head higher driven by the Iran war and tariffs, but the upward pressure has little to do with the fiscal situation, according to Apollo Global Management Chief Economist Torsten Slok.
Read at Bloomberg Economics → - Globe and Mail Biz·2d agoU.S.-Iran war intensifies after month-long lull, raising energy prices and inflation fears
Rising energy prices put more pressure on bonds, sending global yields to the highest levels since 2008
Read at Globe and Mail Biz → - Financial Times·2d agoUS launches further strikes on Iran as conflict flares up
Escalation pushes oil prices higher and sends Treasury yields to day’s highs as investors fret over new bout of inflation
Read at Financial Times → - ARY News PK·3d agoOil prices rise as latest fighting revives Mideast supply disruption risks
Oil prices rise as latest fighting revives Mideast supply disruption risks
Read at ARY News PK → - The West Business·3d agoAussie shares dip, oil jumps on renewed US-Iran attacks
Energy stocks and defensive sectors are advancing as the rest of the market dips, after fresh strikes in the Persian Gulf heightened fears over energy supplies.
Read at The West Business → - The West Australian·3d agoOil up most in three weeks as US strikes on Iran raise Middle East tensions
Oil rose the most in three weeks as tensions spiked in the Middle East, with the US and Iran exchanging strikes for the first time in about a month and fighting appearing poised to continue.
Read at The West Australian → - Geo News·3d agoCrude oil breaks $90 as Middle East flare-up reopens threat of wider energy shock
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — Reuters Oil prices rise more than 2% on Monday.US attacks Iranian rocket launchers near Hormuz.Trump says US will respond to the Iranian strikes. <p
Read at Geo News → - ET Markets·3d agoGlobal market: European shares dip as fresh US-Iran strikes push oil, bond yields higher
European shares opened lower on Monday as renewed US-Iran military tensions pushed oil prices and bond yields higher, although the STOXX 600 remained on track for its fifth consecutive monthly gain. Energy stocks rose as Brent crude climbed above $90 a barrel, while Germany’s…
Read at ET Markets → - NYT Business·4d agoGlobal Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks
The first attacks in a month jolted energy markets. The average U.S. gasoline price remained 37 percent higher since the war began.
Read at NYT Business → - Bloomberg Markets·4d agoLatest Oil Market News and Analysis for Aug. 31
Oil gained as fresh fighting flared up in the Middle East, and the US signaled increased economic pressure against Iran’s trading partners.
Read at Bloomberg Markets →