Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports

The Trump administration is ruling ​out deploying the Treasury Department to trade oil futures ‌for now, Bloomberg News reported on Friday, citing a person familiar with the matter.

Reuters • 8 hours ago

Kuwait Cuts Oil Production as Storage Fills Up

The cuts signal a broader storage crisis that poses new risks to the global market.

WSJ • an hour ago

$200 Oil And A Ruined US Economy

Forecasts that oil will hit $100 barrel happen regularly now because of the war in the Middle East and the shuttering of the Strait of Hormuz through which 20% of the world's oil flows by ship.

24/7 Wall Street • 2 hours ago

Oil rally resumes after brief dip in prices as Brent tops $87 a barrel

Oil prices rose on Friday morning after oscillating overnight.

CNBC • 5 hours ago

Oil at 20-month high as Qatar minister warns of halt to energy shipments

Oil futures traded at their highest levels since the summer of 2024 on Friday as the war against Iran entered a seventh day with no sign of it ending anytime soon.

Market Watch • 5 hours ago

Qatar's energy minister warns of $150 oil amid Iran conflict

Qatar's energy minister warns the conflict in the Middle East could see Gulf energy exporters shut down production within weeks and send oil to $150 per barrel. CNBC's Steve Sedgwick and Karen Tso discuss.

CNBC International TV • 16 minutes ago

Dow drops 1,000 points as oil prices continue to rise amid war with Iran

Stocks are falling sharply on Wall Street Thursday, including a 1,000-point slump for the Dow Jones Industrial Average, as oil prices rise further because of the war with Iran.

Fast Company • 2 hours ago

U.S. gives India waiver to buy Russian oil

The U.S. has issued a waiver allowing India to buy Russian oil. CNBC's Amitoj Singh reports.

CNBC International TV • 4 hours ago

Natural Gas and Oil Forecast: Hormuz Standstill – Can Brent Bulls Hit $89.57 Next?

Crude prices post a massive 20% weekly gain as the Strait of Hormuz reaches a standstill. Discover if WTI can sustain momentum above $81.35 despite SPR threats.

FXEmpire • 6 hours ago

Oil News: Crude Oil Futures Jump as War Threatens OPEC Production Flows

Crude oil futures surge above $86 as Middle East war threatens OPEC supply and Strait of Hormuz traffic, pushing bullish oil outlook toward $95 and $100 targets.

FXEmpire • 2 hours ago