oil – Page 37 – Freedom 96.9

Instant View: Oil surges 20% as Iran war fuels supply fears

Monday, March 9 by SRN News

SINGAPORE, March 9 (Reuters) - Oil prices jumped about 20% in early trading on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz. COMMENTARY: DANIEL HYNES,... Read More.

Japan’s Nikkei 225 share index falls more than 6% as oil soars over $100 a barrel

Monday, March 9 by SRN News

BANGKOK (AP) - Japan's benchmark Nikkei 225 index plunged more than 6% early Monday after oil prices soared to over $100 a barrel due to disruptions from the war in the Middle East. The Nikkei was down 6.2% at 52,166.92 shortly after trading began.... Read More.

US oil prices jump on supply fears amid expanding U.S.-Israeli war with Iran

Monday, March 9 by SRN News

TOKYO, March 9 (Reuters) - U.S. crude futures rose more than 20% in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of... Read More.

Oil soars, shares slide in Asia as Middle East conflict rages

Sunday, March 8 by SRN News

By Wayne Cole SYDNEY, March 9 (Reuters) - Share futures fell sharply in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the... Read More.

Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping

Sunday, March 8 by SRN News

CHICAGO (AP) - Oil prices have eclipsed $100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard,... Read More.

Oil built the Persian Gulf. Desalinated water keeps it alive. War could threaten both

Sunday, March 8 by SRN News

As missiles and drones curtail energy production across the Persian Gulf, analysts warn that water, not oil, may be the resource most at risk in the energy-rich but arid region. Hundreds of desalination plants sit along the Persian Gulf coast, putting individual systems that supply... Read More.

Oil and gas prices rapidly rise as Iran war shows no signs of letting up

Saturday, March 7 by SRN News

NEW YORK (AP) - The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East. The conflict, in which nearly... Read More.

Iran conflict boosts U.S. Gulf oil prices to highest since 2020

Saturday, March 7 by SRN News

By Siddharth Cavale NEW YORK, March 6 (Reuters) - U.S. Gulf Coast heavy grades continued to surge on Friday as the Iran conflict spurred several Middle Eastern producers of heavy crude to curtail production and drove buyers to scoop up U.S. barrels. Prices of... Read More.

Amid oil shock uncertainty, Fed’s Hammack says central bank must lower inflation

Saturday, March 7 by SRN News

By Michael S. Derby NEW YORK, March 6 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that while she expects inflation pressures to moderate, if they are not easing later this year the U.S. central bank may have to weigh... Read More.

Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover

Friday, March 6 by SRN News

March 6 (Reuters) - Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base‑case forecast... Read More.

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Stories tagged with: oil

Instant View: Oil surges 20% as Iran war fuels supply fears

US oil prices jump on supply fears amid expanding U.S.-Israeli war with Iran

Oil soars, shares slide in Asia as Middle East conflict rages

Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping

Oil built the Persian Gulf. Desalinated water keeps it alive. War could threaten both

Oil and gas prices rapidly rise as Iran war shows no signs of letting up

Iran conflict boosts U.S. Gulf oil prices to highest since 2020

Amid oil shock uncertainty, Fed’s Hammack says central bank must lower inflation

Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover

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