Physical oil flow through the Strait of Hormuz rather than military escalations will determine oil prices, Phillip Nova analyst Priyanka Sachdeva said in a note. After shipping activity through the ...
The Dow and S&P 500 are falling in premarket trading, Nasdaq futures are flat as the stock market digests Fed Chairman Kevin Warsh's speech and the latest U.S. strikes on Iraq in the Strait of Hormuz.
Oil prices are likely to decline in the near term, Julius Baer's Norbert Rücker said in a note. "The chit-chat of the day is about exchange estimates of how much oil is transiting through the Strait ...
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