Oil

Oil markets reversed course sharply on Tuesday morning following reports that President Donald Trump is preparing to issue a memorandum directing the U.S. Treasury to impose maximum economic pressure on Iran. The directive aims to enforce sanctions and block all potential paths for Iran to develop...

It was in the air, but now it's official. President Donald Trump confirmed Thursday the United States will impose 25% tariffs on imports from Canada and Mexico starting Saturday, Feb. 1. The move follows Trump's promise to impose tariffs due to concerns over illegal immigration, wide trade deficits...

Exxon Mobil Corp (NYSE:XOM) will be reporting its fourth-quarter earnings on Friday. Wall Street expects $1.56 in EPS and $86.63 billion in revenues as the company reports before market hours. The stock is up 3.98% over the past year, 1.59% YTD. Let’s look at what the charts indicate for...

Shell PLC (NYSE:SHEL) will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.44 in EPS and $49.23 billion in revenues as the company reports before market hours. The stock is up 2.07% over the past year, 2.57% YTD. Let’s look at what the charts indicate for Shell...

The AI boom has sparked a power race, and Chevron Corp (NYSE:CVX), GE Vernova Inc (NYSE:GEV), and investment firm Engine No. 1 want in. The trio just announced a joint venture to supply natural gas-fueled electricity to AI data centers, aiming for 4 gigawatts of capacity—enough to power 3.5 million...

Several analysts lowered the price target following Halliburton Company‘s (NYSE:HAL) mixed fourth-quarter results and weak guidance reported Wednesday. Halliburton reported revenue decline of 2.3% year-over-year to $5.610 billion, missing the consensus of $5.63 billion. Adjusted EPS was 70...

As Brent crude and gasoline prices rise, WisdomTree Inc (NYSE:WT) Head Of Equity Strategy Jeff Weniger is calling it: “A notable set-up for large-cap value relative to Growth” is taking shape. What Happened: Since September, Brent crude has shot up by 12 points. And gasoline prices...

Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as the 47th U.S. president. The Russell 2000 rallied 1.7%, while other large-cap...

Risk appetite surged on Wall Street at the end of the week, with investors ramping up stock purchases ahead of Monday's market closure for Martin Luther King Day, which is also when Donald Trump will be sworn in as the 47th U.S. president. All major indices posted robust gains in midday trading,...

Oil prices surged on Wednesday, with West Texas Intermediate light crude rising about 4% to above $80 per barrel for the first time since mid-July 2024. This rally comes against a backdrop of intensifying concerns over global supply disruptions and the announcement of a ceasefire in Gaza after a...

Wall Street staged a strong rebound on Wednesday, as mixed inflation data bolstered investor confidence in the Federal Reserve's continuation of easing cycle in 2025, easing recent market anxieties. The headline Consumer Price Index rose 2.9% year-over-year in December, up from November’s 2.7...

Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with Brent crude already approaching $80 per barrel and the possibility of hitting $90 under certain scenarios. In a note shared Monday, Goldman Sachs commodity analyst Daav Struyven...

The United States announced the toughest sanctions yet on Russia's oil industry on Friday. What To Know: The news pushed global oil prices up by 3%, nearing $80 per barrel. The sanctions are part of Washington’s ongoing measures to penalize Russia for its invasion of Ukraine, aiming to...

President-elect Donald Trump spotlighted artificial intelligence and drilling expansion as pillars of his economic vision Tuesday, pledging to foster AI-driven innovation while slashing energy costs through expanded deregulation. During a press conference at Mar-a-Lago, Trump outlined plans to...