May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week...
May Nymex natural gas (NGK26 ) on Monday closed up +0.011 (+0.39%). Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled higher. Short covering emerged in nat-gas futures...
Exxon Mobil’s rally is riding a war premium built on Middle East supply risk and a tanker‑insurance backstop, but underneath that trade investors still have record upstream volumes, early Yellowtail...
May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving higher today, with crude posting a 4-week high. ...
My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.
Update: On Friday, Iran downed a US fighter jet – with the pilot reportedly ejecting to safety. Over the weekend a US rescue operation took place with Iran claiming to have downed multiple US aircraft....
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The war in Iran is driving a historic surge in energy and grain prices while simultaneously threatening to break the cattle market due to rising input costs and shrinking consumer disposable income.