Oil prices have rocketed this year due to the war with Iran. WTI, the primary U.S. oil price benchmark, has risen 85% to more than $100 a barrel. The prolonged closure of the Stra

Oil service providers, such as Halliburton, should gain as commodity prices appear poised to stay high, with or without the Iran war, the bank says.

The oil supply disruption is driving up crude prices.

By Jeslyn Lerh, Trixie Yap and Mohi Narayan SINGAPORE, May 7 (Reuters) - Oil product stocks in Asia's oil hub Singapore hit their lowest in more than nine months after the U.S.-Iran war curtailed

SINGAPORE, May 8 (Reuters) - Oil rose and U.S. stock futures slipped in early trade on Friday, after the United States and Iran exchanged fire and put a month-long Middle East ceasefire in doubt. U.S.

Markets on Wall Street soared overnight and U.S. crude prices plunged 13% after China’s foreign minister on Wednesday called for a comprehensive ceasefire in the Iran war, the latest spark of optimism that the two-month war could end soon.

US stock market turns lower as oil spike fuels bearish sentiment, hitting tech stocks, dragging Nasdaq down, and pushing Dow industrial average into losses.

The S&P 500 notched five weeks of gains for the first time in roughly 18 months. In April, it rose more than 10 percent, its best month since November 2020.

Markets were getting in position for a possible end to the Iran war on Wednesday. Stocks surged, bond yields tumbled, and oil prices dropped.

Stocks fell from record highs on Thursday as oil prices rose while the AI trade took a breather ahead of Friday’s jobs report. Investors are looking ahead to Friday’s jobs report for clues about potential Federal Reserve policy moves,