Javed Mirza’s Top Picks for October 17, 2024
Top picks from Javed Mirza, technical strategist, Raymond James
UK Working to Challenge Russian Shadow Oil Tanker Insurance
The UK issued a fresh round of sanctions on Russian oil and gas carriers, and said three government bodies will act to challenge vessels hauling fuel for Moscow in the English Channel with dubious insurance.
Oil Edges Higher as Traders Weigh US Stockpile Drop, Middle East
Oil inched up as traders weighed potential supply risks from the Middle East against a weak outlook for global demand.
Chris Blumas' Top Picks for October 16, 2024
Top picks from Chris Blumas, portfolio manager, Raymond James Investment Counsel
Why Oil Traders Have Become So Pessimistic About 2025
Even as oil prices swirl amid the turmoil gripping the Middle East, many traders have remained resolutely pessimistic about the market outlook for next year.
Oil Steadies Near $70 With Risk to Middle East Supplies in Focus
Oil climbed — after slumping by more than 4% on Tuesday — as Israel said it would make its own decision on how to attack Iran, keeping open the possibility that energy infrastructure may be targeted.
Oil’s Recent Spike Kicked Off Rush of Hedging by Producers
US oil producers pounced on a chance to lock in prices for future sales as rising tensions between Iran and Israel sent crude soaring earlier this month.
Oil Tumbles Following Report Israel Won’t Target Iran’s Crude
Oil extended losses after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over tensions in the Middle East.
Bitcoin Hits Unusually Calm ‘Uptober’ as Traders Await Election
Bitcoin has settled into an unusually calm period, as traders remain on the sidelines awaiting the outcome of the upcoming US election.
Russian Tanker Sanctions Fail to Stop Ships Hauling Moscow’s Oil
Moscow’s use of the tankers sanctioned for their involvement in the Russian oil trade is accelerating, with close to one-third of the blacklisted vessels back at work.
Bullish Oil Bets Rose Most in Years After Iran Attack Last Week
Investment funds increased their bullish bets on Brent crude prices by the most since 2018 last week, as prices roared higher following Iran’s missile attack on Israel.