Oil prices little changed on geopolitical uncertainty, weak China demand signals
Oil prices changed little on Tuesday due to uncertainty in U.S.-Iran...
Oil prices changed little on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude importer China's economy.
Brent futures slid 16 cents, or 0.2%, to settle at $65.38 a barrel, while U.S. West Texas Intermediate (WTI) crude slid 13 cents, or 0.2%, to settle at $62.56.
Iran's Supreme Leader Ayatollah Ali Khamenei said U.S. demands that Tehran stop enriching uranium are "excessive and outrageous," voicing doubts whether talks on a new nuclear deal will succeed.
A deal between Iran and the U.S. would allow Iran to raise oil exports by 300,000 to 400,000 barrels per day if sanctions were eased, StoneX analyst Alex Hodes said.
Iran was the third-biggest crude producer in the Organization of the Petroleum Exporting Countries (OPEC) group in 2024 behind Saudi Arabia and Iraq, according to U.S. federal energy data.
U.S. stocks finish lower as S&P 500 snaps 6-day winning streak
U.S. stocks finished modestly lower in quiet trading...
U.S. stocks finished modestly lower in quiet trading on Tuesday as investors digested corporate earnings and developments on President Donald Trump's tax bill.
The Dow Jones Industrial Average lost over 100 points, or 0.3%, to end near 42,677, according to preliminary data from FactSet.
The S&P 500 was off 0.4%, to finish around 5,940.
The Nasdaq Composite slid 0.4%, ending near 19,142
U.S. shale output nears peak amid stagnant oil prices
Economic uncertainty and suppressed crude prices are causing forecasters...
Economic uncertainty and suppressed crude prices are causing forecasters and major energy firms to anticipate an earlier plateau or even decline in US oil output. This trend is evident in most shale regions, though the Permian Basin still shows some potential for increased drilling activity.
U.S. targets LNG exports despite tariffs, other challenges
US energy firms are poised...
US energy firms are poised to approve new liquefied natural gas export capacity of more than 99 million short tons this year, significantly boosting the nation's status as a leading global supplier. This planned expansion proceeds despite potential financial pressures from trade tariffs and increasing construction expenses.
Trump says Ukraine and Russia will talk ceasefire after his call with Putin
President Trump spoke on the phone with Russian President Vladimir...
President Trump spoke on the phone with Russian President Vladimir Putin for two hours yesterday, and while Trump called the conversation “excellent,” it didn’t yield a ceasefire between Russia and Ukraine. Trump said that Russia would “immediately” start ceasefire talks with Ukraine, but it was unclear whether the US would continue to be involved in those discussions. “The conditions for that will be negotiated between the two parties, as it can only be, because they know the details of a negotiation that nobody else would be aware of,” Trump posted on Truth Social.
