Commodities
Oil prices climb after U.S. strikes Iran’s Qeshm Island
Oil prices rose on Tuesday after the United States reportedly struck Iran's Qeshm Island late Monday, one day before the midterm elections. Brent crude...
Commodities
Current price of oil as of November 2, 2026
As of 6:30 a.m. Eastern Time, oil was trading at $112.60 per barrel using the Brent benchmark, down $3.26 from the previous morning and...
Commodities
How Oil Prices Could Average $130 per Barrel Next Year, According to Goldman Sachs
According to Goldman Sachs, oil prices could average $130 per barrel next year if disruptions to Middle Eastern production continue. The bank’s analysts, led...
Commodities
U.S. crude falls below $100 amid reports of U.S.-Iran diplomatic efforts
Oil prices fell sharply on Monday amid hopes of a diplomatic resolution to the conflict in the Middle East. January Brent futures dropped 3.91%...
Commodities
OPEC+ agrees in principle to keep oil output targets steady in December, sources say
OPEC+ oil-producing countries have agreed in principle to keep their December output targets steady, according to three people familiar with the matter. The decision...
Commodities
Why gold plunged to its lowest price in a year despite renewed Iran jitters
Gold plunged on Friday to its lowest level in a year despite fears of renewed Middle East turmoil following Tuesday’s U.S. midterm elections. The...
Commodities
Exxon and Chevron report massive profits after Trump brags U.S. energy companies are ‘making a freaking fortune’ just before midterms
ExxonMobil and Chevron reported quarterly profits of $15.4 billion and $9.9 billion, respectively, amid the Iran war, which has pushed oil prices above $100...
Commodities
Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz
Despite an escalation in Iranian attacks on commercial vessels, crude exports through the Strait of Hormuz averaged about 11.1 million barrels per day in...