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PetrolFXStreet News

Canadian Dollar steadies as Middle East Oil shock caps US Dollar rebound

USD/CAD trades on a flat note around 1.3670 on Monday, down modestly by 0.05% on the day at the time of writing.

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PetrolOilPrice.com

Japan Receives First Central Asian Crude Since Iran War Began

Japan is set to receive this week the first crude tanker from Central Asia since the war in Iran began, the Japanese Industry Ministry said on Monday. A tanker shipping Azerbaijani crude is expected to arrive in Japan on Tuesday, the authorities said, as the country – and other Asian buyers – are sc

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PetrolOilPrice.com

Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens

Most of the market buffers that have stopped oil futures prices from rallying to record highs could vanish before the reopening of the Strait of Hormuz, which puts the market in a “race against time,” according to Morgan Stanley. Reduced overall crude imports into China and soaring exports from the

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PetrolOilPrice.com

China CPI Jumps as Middle East Crisis Pushes Energy Costs Higher

China's consumer inflation accelerated to 1.2% in April, topping analyst estimates, as the Middle East crisis drove a surge in energy prices. The Chinese consumer price index (CPI) rose by 1.2% last month from a year earlier, accelerating from 1% annual inflation in March, data from China's National

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PetrolOilPrice.com

Global Coal Demand Surges as Middle East Energy Crisis Deepens

Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East. The trend has been accelerating in recent weeks, and global coal imports are on track to reach their third-highest monthly level on record, accor

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PetrolFXStreet News

Euro recovers early losses amid waning hopes of peace in Iran, higher Crude prices

The Euro (EUR) is trading moderately higher against the Dollar (USD), yet moving within previous ranges on Monday.

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PetrolFXStreet News

USD/JPY Price Forecast: At make or a break near advancing trendline around 157.00

The USD/JPY pair trades 0.25% higher to near 157.00 during the European trading session on Monday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board amid growing concerns over Japan’s economic outlook due to higher oil prices.

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PetrolFXStreet News

WTI Oil tests levels above $96.00 as hopes of Hormuz reopening fade

Crude Oil prices have opened the week in a bullish tone, following US President Donald Trump’s rejection of Iran’s latest peace proposal. The US benchmark West Texas Intermediate (WTI) has jumped by about $4, from Friday’s close around $91.75 to $95.70 at the time of writing.

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PetrolFXStreet News

Oil: Hormuz reopening drives staggered supply shock – Societe Generale

Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem argue that reopening the Strait of Hormuz will unleash a double Oil supply shock into an already tightening market.

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PetrolFXStreet News

Euro falls against Canadian Dollar amid higher oil prices

EUR/CAD inches lower after three days of gains, trading around 1.6090 during the Asian hours on Monday. The currency cross struggles as the commodity-linked Canadian Dollar (CAD) gains ground amid higher oil prices, given Canada’s status as the largest crude exporter to the United States (US).

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PetrolFXStreet News

S&P 500: AI and earnings extend rally – Deutsche Bank

Deutsche Bank analysts highlight that United States (US) equities, including the S&P 500 and Nasdaq, have pushed to new highs, supported by strong AI-related earnings, resilient US data and easing Oil prices last week.

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PetrolFXStreet News

Oil: Prices bounce but weekly losses deepen on Hormuz tensions – UOB

UOB Global Economics & Markets Research highlights that WTI and Brent futures rebounded modestly on Friday but still logged their largest weekly declines since April 2026.

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