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Crude Oil

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StanChart Warns Oil Correction May Prove Short-Lived Amid Hormuz Risks
energy1 day ago

StanChart Warns Oil Correction May Prove Short-Lived Amid Hormuz Risks

Standard Chartered argues the recent oil price pullback could be temporary, with Brent in the mid-90s after the drop but likely to stay $10–20/bbl above pre-conflict levels as risk around the Strait of Hormuz persists. They project near-term Brent near $98/bbl and WTI around $92.50/bbl for Q2, noting price direction will hinge on Middle East escalation/de-escalation, logistics delays, and reserve purchases. While Hormuz disruption clouds flows and insurance costs, LNG growth in 2026 could offset some gas losses, though real stability depends on a durable ceasefire and lasting settlement.

via Crude Oil Prices Today | OilPrice.com|
#crude-oil#energy#iran
Oil Rally Prompts Caution: U.S. Drillers Pause Expansion
energy13 days ago

Oil Rally Prompts Caution: U.S. Drillers Pause Expansion

Oil prices are high, but U.S. drillers are holding back on expansion, choosing to repair balance sheets rather than drill more wells as geopolitical uncertainties, particularly the Strait of Hormuz disruptions, weigh on investment plans; a Dallas Fed Energy Survey shows profitability thresholds but only about 21% of operators expect to meaningfully increase drilling this year.

via Crude Oil Prices Today | OilPrice.com|
#crude-oil#dallas-fed-energy-survey#drilling
commodities24 days ago

Oil to stay above $100/bbl as Iran tensions persist, OCBC says

OCBC analysts say oil prices are likely to hold above $100 per barrel in the near term due to limited Iran de-escalation and tightened Strait of Hormuz flows, keeping global crude markets tight. They expect Brent to hover around $100 through mid-2026 and ease to about $70 by early 2027 as disruptions fade, but a supply shock risk remains if tensions persist, even as mitigations like strategic reserves and alternative routes could offset part of the gap.

via Investing.com|
#commodities#crude-oil#geopolitics
business1 month ago

Oil jumps above $90 as Hormuz disruptions outpace Trump’s energy moves

Oil surged past $90 a barrel—the highest since 2023—as ongoing disruptions in the Strait of Hormuz keep supply tight, despite Trump administration measures to calm markets. Gas prices rose, and analysts warn that a prolonged closure could force sizable production shut-ins in the Middle East, implying further volatility even if shipping resumes. The White House touts a plan to stabilize prices, but market dynamics suggest the worst may not be over.

via Politico|
#business#crude-oil#energy-prices
Oil RSI hits a 36-year high, but rally could still have legs
markets1 month ago

Oil RSI hits a 36-year high, but rally could still have legs

Crude-oil futures rose about 12% on Friday and are headed for a record weekly gain of over 35% as Iran-related supply fears mount. The Relative Strength Index climbed to 88.94, a 36-year high, signaling an overbought condition; yet history shows such readings have preceded further rallies rather than reversals, suggesting a near-term pullback is possible but the overall rally could continue if momentum remains strong.

via MarketWatch|
#crude-oil#energy-markets#iran
Oil Surges on Fears of Hormuz Disruption Amid U.S.-Iran Clash
business1 month ago

Oil Surges on Fears of Hormuz Disruption Amid U.S.-Iran Clash

Oil prices jumped as fears of a supply disruption from the U.S.-Iran clash mount, with tanker traffic through the Strait of Hormuz effectively paused. WTI traded around $72.57/bbl and Brent near $79.41/bbl after reports of potential long-lasting disruption to roughly a third of global seaborne crude exports. Analysts warned prices could spike further if Hormuz traffic remains halted, with scenarios suggesting Brent could reach $100+ per barrel. Trump signaled ongoing operations with potential for de-escalation talks, but markets remain wary of sustained disruption.

via CNBC|
#business#crude-oil#oil-prices