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Oil Imports Exempted from Trump’s Sweeping Tariffs

WASHINGTON — The U.S. oil industry received a significant relief on Wednesday as imports of oil, gas, and refined products were exempted from President...

Blame Game Escalates in Iran as Rial Plunges to Record Low

The Iranian rial has hit a historic low against the US dollar amid worsening economic uncertainty, fueled by deteriorating prospects for direct negotiations with...

Brent Crude Price Tests Key Resistance at $73.60 – Market Forecast for March 31, 2025

Brent crude oil prices have shown upward movement in recent intraday trading as they attempt to break through the critical resistance level at $73.60....

US Crude Oil Price Faces Key Support at $68.90 – Market Forecast for March 31, 2025

US crude oil prices have been trading sideways in recent intraday sessions as the market seeks a bottom to build momentum for a potential...

Brookings Paper Suggests Central Banks Should Backstop Hedge Funds Engaged in Basis Trade

A new research paper to be presented at the Brookings Papers on Economic Activity (BPEA) conference on March 28 proposes that central banks, particularly...

Does Gasoline Evaporate Quickly?

Gasoline, a crucial fuel for many vehicles, machines, and industries, is well-known for its volatile nature. It's a liquid fuel derived from crude oil...

The Commodities Feed: Sanctions Push Oil Higher

Energy – US Tightens Sanctions on Iranian Oil Exports Oil prices saw a significant rally yesterday, with ICE Brent crude closing more than 1.7% higher...

Libya’s Economy Under Strain as Foreign Currency Sales Skyrocket Amid Falling Oil Revenues

TRIPOLI – Libya’s foreign currency sales have surged dramatically, far outpacing the country’s declining oil revenues, raising concerns over financial stability and foreign exchange...

US Slaps Iran-Related Sanctions on Oil Tankers, Chinese ‘Teapot’ Refinery

On Thursday, the U.S. Treasury Department imposed new sanctions targeting entities linked to Iran’s oil trade. Among those sanctioned for the first time were...

Crude Oil Price Forecast – March 14, 2025

Crude oil prices are exhibiting a strong bullish momentum, with the next key resistance level being the 50-period Exponential Moving Average (EMA), currently around...

Brent Oil Price Forecast – March 14, 2025

Brent oil prices are making a push to break above the $70.75 level, which, as highlighted earlier, is a key threshold for the next...

Stocks Fall, Gold Rises as Tariffs Weigh on Markets

Stocks in Asia fell on Thursday, reversing early gains, as concerns about the economic impact of President Donald Trump's trade policies overshadowed optimism from...

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