Oil prices climb after Iran fires missiles at Israel
Brent crude rose 2.6% to $95.50 a barrel after Iran fired missiles at Israel over the weekend.
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Energy
HFI Research warns of oil market breaking point in early June
HFI Research warns the oil market faces a breaking point in early June if the Strait of Hormuz remains closed and global inventories hit record lows.
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HFI Research warns oil prices could hit $150 as inventories vanish
HFI Research warns that oil prices could surpass $150 a barrel if the Strait of Hormuz remains closed through early June.
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Oil hits $109 as Strait of Hormuz closure drains global inventories
Capital Economics warned that Brent crude could reach $140 a barrel next month if inventory depletion rates continue at their current pace.
1 min read
Brent crude rises to $109 as global oil inventories drop at record pace
Brent crude futures reached $109.26 a barrel as failed diplomatic efforts to reopen the Strait of Hormuz triggered a record drop in global oil inventories.
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Brent crude reaches $109.26 following Strait of Hormuz closure
Capital Economics warns that Brent crude could spike to $140 a barrel by June as global inventory buffers approach exhaustion.
1 min read
Brent crude reaches $109 as Strait of Hormuz closure persists
Capital Economics warns that oil prices could reach a nominal peak between $130 and $140 a barrel next month if the waterway remains blocked.
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Traders pull back from oil rally after U.S. and Iran conflict
Brent crude futures fell 0.60% to $113.77 and WTI dropped 1.35% as markets stabilized following a volatile session sparked by military conflict in the Strait of Hormuz.
1 min read
Global oil inventories face operational minimums by late May
JPMorgan analysts project OECD oil inventories will reach critical operational minimums between May 9 and May 30 as the Strait of Hormuz remains closed.
1 min read
OECD oil inventories approach operational minimums by May 9
JPMorgan analysts expect OECD oil inventories to hit operational minimums by late May as the Strait of Hormuz remains closed.
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PacifiCorp Joins CAISO Extended Day-Ahead Market as First Utility Outside California
PacifiCorp became the first utility outside California to join CAISO’s extended day-ahead market.
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Brent Rises to $119.94 as Iran Port Blockade Keeps Oil Supply Stuck
Brent hit $119.94 a barrel and WTI reached $107.51 as traders priced in a longer Gulf supply outage.
1 min read