Tag:
oil prices
Commodities
The IEA Just Released More Oil Than Ever Before. The Market Didn’t Care.
The IEA released a record 400 million barrels of emergency oil reserves on Wednesday. Brent still closed above $91. WTI settled up over 4%.
Economy
US CPI Holds at 2.4% in February as Oil Shock Rewrites the Inflation Outlook
US CPI held at 2.4% in February 2026, in line with forecasts. But the clean data precedes an oil shock from the Iran war that analysts warn will reshape the March and April readings and the Fed's rate path.
Economy
TotalEnergies Just Hit a Record. Europe’s Defense Rally Faded by Lunch.
TotalEnergies hits a 52-week high at €73 as Brent surges 8 percent on Iran war, while European defense stocks rally on €800 billion ReArm Europe spending and 260 percent gains since 2022.
Crypto
Bitcoin Falls Toward $65,000 as Monday’s Open Turns Into a Stress Test Nobody Asked For
Bitcoin slips below $66,000 as Iran's drone strike on Aramco sends oil up 7%, gold past $5,400, and $515 million in crypto liquidations pile onto a market already down 47% from peak.
Economy
Eight Countries Shut Their Skies and the World’s Busiest Air Corridor Just Went Dark
Joint US-Israeli strikes on Iran ground 3,200+ flights, shut airspace across eight countries, and knock Dubai, Doha and Abu Dhabi offline as EASA warns of prolonged disruption.
Americas
Brent Hits Six-Month High on Hormuz Risk – but 70% of OPEC’s Spare Capacity Sits Behind the Chokepoint
Brent topped $72 on a $6/bbl risk premium as the US doubled its Gulf air power in three days. The problem: 5.8M bpd of OPEC spare capacity is stuck behind the same strait Iran just closed for live-fire drills.
Commodities
Brent Hits Six-Month High at $71.33 – Trump’s 10-Day Iran Deadline Collides with SCOTUS Tariff Shock
Brent crude hits $71.33 six-month high on Trump's 10-day Iran deadline as SCOTUS strikes down tariff regime and EIA reports a 9-million-barrel inventory draw.
