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

Oil prices have reached a five-month high! Is the power of the 'strictest sanctions' against Russian oil really this significant?

① As the USA government implemented the broadest sanctions so far on Russia's Oil & Gas revenues last week, the rise in oil prices seems to be becoming unstoppable... ② Following a nearly 4% surge last Friday, Brent Crude Oil rose again on Monday by about 1.43%, pushing the settlement price of Brent to over $81, with intraday prices reaching a new high of $81.68 in over five months.

cls.cn23:21 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

Oil Surges as Sanctions Seen Disrupting Russian Supplies; China, India Reportedly Turning Away Tankers

Seeking Alpha19:29 ET