Oil Rises to a Five-Month High as Fresh U.S. Sanctions on Russia's Exports Squeeze Supply

MT Newswires14:47 ET

Oil Prices Are on a Tear. It's a Short-Term Headache for Inflation

Barron's4minutes ago

WTI Crude Surges Above US$78, Targeting US$80 Resistance

Business Today02:20 ET

USA sanctions against Russia have led to a tightening of transportation capacity, causing a surge in tanker freight rates.

Ship brokers and traders have stated that after the USA expanded sanctions on Russian oil trade, tanker freight rates have skyrocketed.

Zhitong Finance02:03 ET

The largest Energy IPO in over a decade! USA LNG company Venture Global seeks a valuation of 110 billion dollars.

According to the documents submitted by Venture Global, the company plans to issue 50 million shares of Stocks at a maximum price of $46 per share, raising up to $2.3 billion. Under Trump's possible New energy Fund policies, LNG developers are expected to be one of the biggest beneficiaries.

wallstreetcn19:37 ET

A five-month high! Amidst a chorus of bearish voices, oil prices continue to rise.

The market previously widely expected that there would be a significant oversupply in the Crude Oil Product market this year, and that oil prices would remain stable or weaken. However, with the USA announcing a new round of sanctions on the Russian Energy sector, the market outlook became complex, compounded by concerns over Trump's tariff policy, leading to rising oil prices for consecutive days.

wallstreetcn19:35 ET