Oil prices rise more than 3% on mounting Middle East tensions, OPEC pledge to support market
Tensions in the Middle East are mounting as militants attack vessels in the Red Sea and protest in Libya shut an oilfield.
These Middle East flashpoints could trigger regional conflict that impacts oil prices
Oil traders are not taking the risk of escalation in the Middle East seriously enough as the situation deteriorates, according to RBC Capital Markets.
CNBC Daily Open: 2023’s winners and losers
Instead of ending the year with a bang by surpassing its all-time high, the S&P 500 let out a whimper and fell 0.28% on the last trading day of 2023.
Oil prices rise as Iranian warship enters Red Sea after U.S. destroys Houthi boats
Oil prices rose Tuesday after Iran dispatched a warship to the Red Sea, as the situation remains tense in the critical waterway for global shipments.
CNBC Daily Open: Winners and losers of 2023
Instead of ending the year with a bang by surpassing its all-time high, the S&P 500 let out a whimper and fell 0.28% on the last trading day of 2023.
December 2023
Oil prices are poised to end the year 10% lower in first annual decline since 2020
Record production in the U.S. is profoundly impacting oil prices despite ongoing geopolitical risks in the Middle East.
Angola’s OPEC exit highlights group tensions – but is unlikely to rattle the market
The market should not think “OPEC cohesion is falling apart, and there’s going to be some kind of domino effect,” one analyst said.
2024 energy outlook: What investors can expect from crude prices, and how to play it
Investors now have the chance to snatch high value stocks at a lower price ahead of a possible crude price rebound in 2024.
Oil prices mixed as shippers suspend Red Sea route amid intensifying Houthi attacks
Oil prices trade mixed Tuesday as oil tankers avoid the Red Sea following heightened attacks by Houthi militants in the region.
The S&P’s latest move shows why investors should look beyond doomsday headlines
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