Crude jumps nearly 4% as Hormuz talks stall, diesel swings
Brent settled up nearly 4% as diplomacy stalled, while diesel fluctuated on conflicting US export ban reports. US crude stocks rose unexpectedly.
Brent settled up nearly 4% as diplomacy stalled, while diesel fluctuated on conflicting US export ban reports. US crude stocks rose unexpectedly.
The White House edges closer to a 90-day diesel export ban, with Trump reportedly ready to announce within days, despite cabinet opposition.
US 10-year yields rose 16 basis points to 4.19%, the highest since 2007, driven by strong PMI data and growth optimism.
The White House dismisses a Politico report on a 90-day diesel export ban as 'fake news,' despite Trump's earlier comments.
A senior Iranian official said reopening the Strait of Hormuz was discussed in indirect U.S. talks, but differences remain.
Iran's president says Tehran will not surrender to military pressure on the Strait of Hormuz. Trump defends U.S. stance and hints at talks.
U.S. crude inventories rose 2.969 million barrels, contrary to expectations for a decline. Gasoline and distillates fell.
Traders set a record for Brent put options, betting oil could fall to $70 by December. Prices have already dropped over 10% in eight days.
US dollar gains across the board; stocks fall ahead of PMI data.
Brent crude regained $100, yields and dollar rose, European stocks slipped on inflation fears.
Gold slipped to the key $4,300 support zone as Trump dampened de-escalation hopes; eyes on US PMIs and Iran talks.
Oil's slide paused after Trump dampened hopes for an early resolution to the US-Iran conflict.
European stocks opened higher as oil prices continued to fall, easing inflation concerns and supporting risk appetite.
Oil fell after US and Iran held Qatar-mediated talks in New York. Australian PMI softened and ADB reduced China inflation outlook.
Oil falls after US-Iran talks at UN; Australian jobs data due Thursday.