Latest news with #InesFerré
Yahoo
15 hours ago
- Business
- Yahoo
Iran, Israel conflict: What strategists say about oil prices
One of the things Wall Street is closely watching in the Iran-Israel conflict is how it is impacting oil prices (CL=F, BZ=F). In the video above, Yahoo Finance Reporters Josh Schafer and Ines Ferré take a closer look at what top strategists are saying about it. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Business
- Yahoo
Iran, Israel tensions: What strategists are saying about oil prices
One of the things Wall Street is closely watching in the Iran-Israel conflict is how it is impacting oil prices (CL=F, BZ=F). In the video above, Yahoo Finance Reporters Josh Schafer and Ines Ferré take a closer look at what top strategists are saying about it. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 hours ago
- Business
- Yahoo
Oil slides as Trump delays Iran intervention decision
Oil (CL=F, BZ=F) prices are dipping as investors await a decision from President Trump on potential US intervention in Iran. Yahoo Finance Senior Business Reporter Ines Ferré joins Morning Brief to explain the recent pullback in crude oil and what's weighing on the market. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Let's talk a little oil. Oil falling as investors awaiting a decision on US intervention in Iran. Inness Ferre has the latest. Hello, Inness. Hey Brad. Yeah, and just taking a look at where we're at with oil right now, we're looking at WTI that's down about 2/10 of a percent. Brent crude is down about 6/10 of a percent. You had seen quite a bit of a leg lower earlier this morning. Part of this had to do uh with uh President Trump's uh decision to sort of stay the course for the next two weeks uh and make his decision on Iran within the next two weeks. So that really sent futures lower. You also have a report from Reuters that Iran is ready to discuss uh limitations on their nuclear program. So that has also sent oil lower. But still, if you take a look at the last uh five sessions and the last three weeks, oil is on pace for its third week of gains. And I'm going to pull up a year-to-date chart, so you can see that oil is almost flat year to date when it comes to Brent, just slightly positive as well as WTI of more than two and a half percent when it comes to WTI. Look, Wall Street has been saying that we are seeing about a 10% premium on oil prices right now because of the Israel-Iran conflict. And you have uh Goldman Sachs, which came out with a note this week that is saying that they're expecting uh oil prices to go lower in the fourth quarter. Of course, if this conflict doesn't broaden more widely. Also, JP Morgan talking about uh oil supply shocks and the price shocks that you have from conflicts, those are tend to be short-lived. However, if you see a regime change in an oil-producing country, then you will see prices to the upside for an extended period of time. So all, so a lot is riding on what happens with whether or not the US gets directly involved uh in the Israel-Iran war, but nonetheless, we're seeing oil that is on pace still for a third week of gains.
Yahoo
3 days ago
- Business
- Yahoo
Oil prices are up over 10% since Israel struck Iran
Oil prices (CL=F, BZ=F) have increased more than 10% in the past week amid the Israel–Iran conflict. Yahoo Finance Senior Business Reporter Ines Ferré breaks down the recent price action and what catalysts could drive prices higher as geopolitical tensions in the Middle East intensify. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Oil prices in flux as the conflict between Israel and Iran enters its sixth day. President Trump's call for Iran's unconditional surrender, suggesting potential US military intervention in the conflict. Yahoo Finance's Anès Feray has more on what this means for energy prices, Anès. Brad, well, oil is right now up more than 10% from the outbreak of the Israel-Iran conflict last week. So just pulling up a six-day chart, you'll see that it's up 11%, Brent crude, also up around 11% during that time period. And this is without any visible loss of Iranian supply yet. So the question really is, will prices go higher and for how long? And if the fighting escalates further. JP Morgan analyst said in a note today that if history is any guide, oil shocks from conflicts tend to be pretty short-lived. However, that's what we've heard from other analysts also immediately after that outbreak. But the bigger risk, however, is prices could go higher for longer if there is a regime change in an oil-producing country, like Iran, which Iran produces more than 3 million barrels of oil per day. And that's where analysts are saying that you could see higher oil prices sustained over extended periods because regime changes tend to have a profound impact on the country's oil policy production and global prices. Now, there's been a lot of talk about the Strait of Hormuz and analysts believe that the probability of that closure is very small if Iran were to close out this Strait of Hormuz. This is where more than 20 million barrels of oil products per day flow through here. But I will tell you that tanker costs in the entire Middle East region have jumped. Torn, one of the biggest operators in the world, told us that tanker costs are roughly between 40 and 50% higher than they were a week ago, all based on increased demand, Brad. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Oil: What prolonged Mideast tensions mean for energy market
While the reported Israeli airstrikes against Iran have shaken up the equity market on Friday (^DJI, ^IXIC, ^GSPC), oil prices (CL=F, BZ=F) are surging higher on these escalations. Yahoo Finance senior business reporter Ines Ferré comes on Market Domination to further explain what this conflict means for the oil market and whether this could push Iran to close the Strait of Hormuz. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
