Oil

ExxonMobil Corp. (NYSE:XOM) may be pumping out oil, but its stock chart has hit a dry spell. What Happened: ExxonMobil stock is about to form a death cross — a bearish technical indicator where the 50-day moving average falls below the 200-day moving average. Chart created using Benzinga Pro A...

Canada is considering export taxes on goods, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged.  The Details: According to a Bloomberg report, retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most...

The market eagerly awaits Donald Trump‘s first day in office as U.S. president, as his new tariffs could have a cascading effect on domestic industries as much as foreign nations. A proposed 25% tariff on Canadian imports poses a considerable risk to the American Midwest, a region heavily...

Syrian President Bashar Assad’s 24-year rule came to an abrupt end Sunday following a 12-day offensive by rebel forces.  The Details: Assad fled the country after rebels gained control and has reportedly received asylum in Russia, as revealed by a source from the Kremlin, according to Russia...

Oil markets in 2025 could face turbulence if President-elect Donald Trump reintroduces strict policies toward Iran. According to JPMorgan analyst Arun Jayaram, while non-OPEC supply growth is expected to stabilize prices, the geopolitical wildcard of renewed sanctions on Iran could send shockwaves...

The OPEC+ group decided on Thursday to extend its collective oil production cuts of 3.65 million barrels per day (bpd) through the end of 2026, solidifying the cartel’s cautious stance amid global demand concerns and rising output from non-OPEC+ producers. During its December meeting, the...

Influential Economist Mohamed El-Erian highlighted the strong performance of cryptocurrencies and equities in November while emphasizing losses in the gold and oil markets. What Happened: El-Erian, who is the Chief Economic Advisor at Allianz, took to X Saturday to showcase the year-to-date...

Editor’s note: This story was updated to add missing detail in the introduction and further updated to reflect approval of a cease-fire deal by Israel’s cabinet and U.S. President Joe Biden’s Tuesday afternoon announcement. Stock price action in the story has been updated and...

Israel and Lebanon have agreed on the framework for a cease-fire deal to end over a year of violent conflict between Israel and Hezbollah, a senior U.S. official told Axios on Monday. While the agreement awaits formal approval from Israel's Security Cabinet on Tuesday, global financial markets are...

To gain an edge, this is what you need to know today. Nvidia Dips Aggressively Bought Please click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA). Note the following: This article is about the big picture, not an individual stock.  The chart of NVDA stock is being used to illustrate...

Geopolitical tensions between Russia and Ukraine are once again roiling global energy markets, with rising prices raising concerns over the potential economic impact on U.S. consumer bills. On Thursday, Russia launched an intercontinental ballistic missile (ICBM) from the Astrakhan region during...

Former Governor of South Carolina and erstwhile presidential candidate Nikki Haley said on Sunday that Iran’s oil exports had risen four-fold under President Joe Biden due to his “lack of enforcement.” What Happened: In a post on X, she said that “nearly all of the oil went...

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election. Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including...