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PetrolOilPrice.com

China's Rare Earth Leverage Explained in 3 Shocking Charts

Failed peace talks and the ongoing disruption at the Strait of Hormuz reminded the world what a chokepoint looks like. Oil spiked. The Dow dropped. Investors scrambled for safe havens. Then, just as quickly, the tension eased again. This kind of week forces a question: what other chokepoints are hid

BRENTWTI
MakroFXStreet News

Australian Dollar edges higher ahead of Chinese PMI releases

The AUD/USD pair gathers strength to near 0.7130 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) on hotter domestic inflation data.

INFLATION
MakroFXStreet News

EUR/USD weakens below 1.1700 as Fed keeps rates unchanged

The EUR/USD pair loses ground to near 1.1680 during the early European session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) after the US Federal Reserve (Fed) left interest rates unchanged.

FED
PetrolOilPrice.com

California Refineries Max Out Jet Fuel While Gasoline Starves

California is one of the places where fuel prices have long traded above global averages, but the current crisis is pushing that premium into uncharted territory. A steadily shrinking refining base and declining domestic oil production had already tightened the system. However, the disruption in the

BRENTWTI
MakroFXStreet News

Dow Jones Industrial Average drops as Powell signs off: is $650B in AI capex the next risk?

Wednesday's session had every excuse to rally. The Federal Reserve (Fed) decision was telegraphed. Big Tech earnings were teed up. The Dow Jones Industrial Average (DJIA) had reclaimed 49,000 just two days earlier.

FED
PetrolOilPrice.com

Oil Rallies Toward $120 As Middle East Supply Risks Spiral

Oil prices extended their rally on Wednesday after reports emerged that the U.S. will tighten its blockade on Iranian ports, prolonging fears of reduced oil supply from the region, and as the UAE hit markets with its OPEC-exit announcement. Brent crude for June delivery jumped 6.45% to trade at $118

BRENTWTICRUDE
PetrolOilPrice.com

Fertilizer Prices Have Doubled Since the Strait Closed

The blockage of the Strait of Hormuz is causing a much larger problem than just a global energy crisis. While oil and gas are critical to energy security for nearly every country on Earth, petroleum is also at the heart of global food systems. A crude oil shortage is also a fertilizer shortage, with

CRUDE
PetrolSeeking Alpha Markets
PetrolOilPrice.com

Hormuz Blockage Boosts Panama Canal Oil Tanker Traffic

Oil tanker traffic through the Panama Canal has jumped in recent weeks as Asia scrambles to buy U.S. crude amid choked supply from the Middle East. The Panama Canal, the fastest route for American energy exports to Asia on smaller vessels, is at its busiest for U.S. crude exports in four years as th

CRUDE
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