Articles by Rebecca Torres
Gas Dips Below $4 as Iran Deal Eases Oil Supply Fears
U.S. gasoline prices dipped below $4 a gallon Thursday after a U.S.-Iran interim deal to reopen the Strait of Hormuz, triggering a 2.33% drop in Brent crude and 2.46% in WTI; analysts warn relief may be slow as shipping risks and stalled production could delay full oil flow recovery for months.
Energy Fuels Shares Surge on $725 Million US Loan for Rare Earth Projects
Energy Fuels shares surged 10% to $16.84 after the US government conditionally committed up to $725 million to support rare earth processing expansion.
Oil Plunges as US-Iran Deal Reopens Hormuz, Gas Relief Slow
Oil prices dropped sharply after the US-Iran interim deal reopened the Strait of Hormuz, but tight gasoline inventories may delay relief at the pump.
Rare Earth Stocks Surge on G7 Supply Chain Pledge and Pentagon Loan Support
MP Materials shares surged 9% after G7 leaders agreed to cut rare earth reliance on non-bloc suppliers and the Pentagon backed a $500 million loan for Phoenix Tailings, boosting sector stocks.
Russian Fuel Supply Tightens Amid Ukrainian Drone Strike and Tatneft Restrictions
Tatneft restricts fuel sales at its stations after a Ukrainian drone strike hits a key Moscow refinery, with wholesale gasoline and diesel prices surging 10% in early June.
Gold and Silver Rally as Oil Retreats on Strait of Hormuz Reopening Deal
Gold jumped 3% and silver climbed 4.6% as oil prices plunged to a three-month low after the U.S. and Iran agreed to reopen the Strait of Hormuz, easing inflation fears.
Gold Surges on US-Iran Peace Deal; Oil Slips, Dollar Weakens
Gold surged 3% to $4,345/oz after a US-Iran peace deal lowered oil prices and weakened the dollar, reducing Fed rate hike expectations.
Silver Surges Past $70 as Dollar Weakens, Fed Meeting Looms
Silver surged nearly 4% to $70.76 on Monday as a weaker dollar and lower oil prices boosted precious metals, with the Fed's June meeting as the next catalyst.
Michigan Gas Prices Rise Slightly, Lansing Market Shows Divergence
Michigan's average gas price rose to $4.18/gallon Monday, up from $4.15 last week, with Lansing showing split pump prices. State remains above national average.
Oil Dips Below $90 as Iran Deal Reopens Hormuz, Supply Concerns Linger
Brent crude slid to $86.60 after a US-Iran deal to reopen the Strait of Hormuz, but IEA warns of depleted inventories and supply risks.
Oil Prices Tumble as US-Iran Peace Deal Awaits June 19 Signing
Oil prices plunged over 3% after Pakistan announced a US-Iran peace deal to reopen the Strait of Hormuz, with a formal signing scheduled for June 19 in Switzerland.