Oil rose after US Treasury Secretary Scott Bessent said the Trump administration remains committed to reducing Iran's oil exports.
Brent futures added as much as 1.1% in London after earlier trading little changed.
Bessent said in an interview with Fox Business that the US is keen to cut Iranian oil exports to 100,000 barrels a day. He also said that if President Trump asks, he will introduce more sanctions on Russian energy.
The comments injected some volatility into an otherwise quiet trading session. So far this week oil markets have been gripped by Trump's plans to place reciprocal tariffs on some of the country's major trade partners, as well as his intention to engage in talks aimed at ending the war in Ukraine.
Source: Bloomberg
Oil prices headed for a third straight monthly decline, falling on Friday (October 31st) due to a stronger US dollar, weak Chinese data, and rising supply from major global producers. Brent crude fut...
Oil headed for a third monthly drop on concerns about a global glut, with OPEC+ expected to back another supply hike this weekend. West Texas Intermediate fell toward $60 a barrel, on track for ...
Oil prices fell on Thursday (October 30th) as investors assessed the potential for a truce in the trade dispute between the United States and China. President Donald Trump lowered tariffs on China aft...
Oil edged lower as traders counted down to a summit between US President Donald Trump and Chinese counterpart Xi Jinping and, beyond that, an OPEC+ meeting on supply. West Texas Intermediate fel...
Oil prices were steady on Wednesday (October 29th) as investors weighed optimism over a meeting between the leaders of major consumers, the US and China, against expectations of an increase in product...
The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserve's (Fed) hawkish tone after delivering a widely...
The Nasdaq Composite rose 0.7% and the S&P 500 gained 0.3% on Friday, led by a 10.8% surge in Amazon shares after the company said cloud revenue climbed 20% in the third quarter and beat estimates, lifting tech names broadly. The Dow traded up...
Harga emas terus mengalami penurunan tajam pada hari ini, diperdagangkan di sekitar $3.983. Pergerakan ini terjadi karena beberapa faktor utama yang mempengaruhi pasar. Salah satunya adalah penguatan dolar AS yang terus bertahan di level tinggi....
The European Central Bank (ECB) announced on Thursday (October 30th) that it kept its key interest rates unchanged after its October policy meeting,...
Asia-Pacific markets opened mostly higher on Friday, with Japan's Nikkei 225 rising more than 1% to a new record, as investors reacted positively to...
Stocks were lower Thursday as investors digested a batch of Big Tech earnings, while a meeting between President Donald Trump and Chinese President...
Both the STOXX 50 and STOXX 600 closed 0.2% lower on Thursday as investors weighed central bank actions, corporate earnings, and mixed economic...