Oil's 7.6% Plunge Tests the Iran Peace Rally
Brent settled $8.66 lower at $104.77 on Monday — its biggest daily drop since July — as a US-Iran peace plan draft circulated. WTI bounced 1.65% by Tuesday.
Amara Okafor8 min read
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5 results for “Brent crude”
Oil Falls Below $112 as Iran Talks Shift the War Premium
Brent fell $1.51 to $111.92 a barrel as Iran peace talks unwind the war premium. The arithmetic says roughly $43 of every barrel is still fear.
Amara Okafor8 min read
MarketsAnalysis
Why Is Gold Falling Despite War? Worst October Since 2008
Gold should have thrived on war, falling yields and a softer dollar this week. Instead, the gold price fell below $4,000 and closed its worst October since 2008.
James Whitfield12 min read
Saudi Arabia Drives a September Surge in OPEC+ Output
Saudi Arabia's oil production jumped by over 2 million barrels per day in September, pushing OPEC+ output higher despite geopolitical disruptions.
James Whitfield8 min read
OPEC+ Heads Into November Quotas With Output Far Below Pre-War Levels
OPEC+ maintains November production quotas despite output lagging pre-war levels by 5 million bpd, with elevated prices reflecting a persistent war-risk premium.
Amara Okafor8 min read