Energy

Oil, gas, power markets and the utilities caught between them.

127 report(s) in the archive

Treasury yields hit 2007 highs as oil surge and bitcoin dip pressure Nasdaq

Bitcoin fell to $76,200 ahead of a Clarity Act vote and this week's Fed meeting, while long-term borrowing costs reached levels last seen before the financial crisis.

Treasury yields climbed to their highest since 2007 during the September 15 session, coinciding with rising oil prices and a bitcoin slide to $76,200 ahead of a pending Clarity Act vote and the Federal Reserve's meeting.

MARKET REPORTBEARISH

Asian Markets Slip as Oil Surge and Yen Strength Squeeze Risk Appetite

Tech shares led losses across Asia on September 9 as crude prices jumped and the yen held near recent highs, while South Korea's central bank signaled no rush to tighten policy.

Asian equities fell on September 9 as a surge in oil prices and tech-sector weakness drove a risk-off tone, while the yen held near its highs and a Bank of Korea board member said the pace of any tightening remains under review.

MARKET REPORT

Oil Climbs on Iran's Gulf Threats, But Stays Well Short of $100

Tanker traffic through the Strait of Hormuz slowed after Iran threatened retaliation for US attacks, yet supply disruptions have not been enough to push crude past the $100 mark.

Oil extended its climb as Iran threatened retaliation against Gulf energy infrastructure and traffic through the Strait of Hormuz slowed, though prices remain below $100 a barrel.

MARKET REPORTBULLISH

European Stocks Slide as Iran's Hormuz Plan Pushes Oil Higher

Brent crude hit $97 with an RSI of 74, a classic overbought signal, as traders weighed a reported Iranian plan to restrict shipping near the Strait of Hormuz.

Brent oil traded at $97 with an RSI of 74 while WTI crude sat at a $93.64 double-top resistance level, as European shares fell on fears of a wider Gulf conflict and an expected ECB rate increase.

MARKET REPORTBEARISH
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