crude

Jim Cramer suggested that the current market negativity presents opportunities for buying. He pointed to several factors supporting this view, including beaten-down data center stocks and resilient consumer spending. Additionally, he noted potentially overdone fears regarding crude oil and Treasurys.

Abu Dhabi National Oil Co. plans to reduce crude oil sales volumes destined for Asian customers in August and September. According to industry sources, these planned cuts are already assisting in raising the price of the flagship Murban oil grade.

U.S. crude oil has risen back above $84 per barrel. This price increase correlates with the dissipation of last week's anticipation regarding a potential U.S.-Iran deal. The situation remains characterized by dwindling hopes concerning the Hormuz region and deepening deadlock.

Asian shares are reported as mixed while oil prices are currently holding steady following an initial 5% gain. This rise in price was attributed to ongoing questions about the reopening timeline of the Strait of Hormuz, which impacts the global flow of crude.

The refining crunch is keeping fuel prices high as crude retreats. Lost capacity in Russia and the Gulf benefits US refiners, but this situation presents a political problem for Donald Trump.

While crude oil is retreating, overall fuel prices remain elevated according to reports. This dynamic means that US refineries are currently cashing in, while consumers face increasing costs for diesel and petrol.

US diesel prices have surpassed the Biden-era average, marking a setback for Trump. Fuel costs for industrial sectors are expected to remain high despite declining crude oil prices.

TotalEnergies SE reported a 68% increase in second-quarter profit driven by higher crude and refined product prices due to the Iran war, which offset reduced profits in its gas business.

India's rate-hike odds are increasing due to costly crude oil raising inflation risks. The swap market is pricing in a 25-basis-point rate hike at the October meeting.

Rising oil prices have caused bets on capital inflows sustaining the Indian rupee's recovery to disappear. The article states that soaring crude prices are blunting the expected fresh capital inflows.

Palm oil prices fell from a near one-month high due to weakness in the crude and vegetable oil complex, reducing the appeal of biofuels.

Palm oil prices rose to a near one-month high, driven by renewed strength in crude and other vegetable oil prices. The increase follows escalating military strikes between the US and Iran.

Gulf producers are increasingly relying on alternative routes to keep crude moving as shipping disruptions expose the risks of depending on the Strait of Hormuz. Trump's toll threat intensifies the rush to bypass the Strait altogether.

Palm oil prices are rising due to a surge in crude oil prices, which is enhancing the outlook for biofuels. The connection between crude oil and biofuels is driving positive momentum for palm oil.

U.S. President Donald Trump pressured oil companies to lower gasoline prices after oil prices declined. Trump accused the firms of 'gouging' consumers.

Dan Dicker, an author and former trader, claims President Trump’s rhetoric has obscured a global oil-supply crisis, with potential crude prices reaching $135. The article highlights concerns about the long-term market impact of Trump’s influence.

Three Saudi-flagged supertankers carrying six million barrels of crude sailed through the Strait of Hormuz hours after U.S. President Donald Trump signed a deal with Iran to end the conflict, marking the largest departures through the strait in weeks.