Articles by Rebecca Torres
Exxon Gains After-Hours as Iran Tensions Lift Oil; BofA Raises Target
Exxon Mobil shares advanced in after-hours trading Monday, tracking a surge in crude oil prices following military strikes in Iran. Bank of America increased its price target on the stock, highlighting supply disruption risks.
Gold Gains on Middle East Strikes, Dollar Caps Rally
Gold prices advanced Monday following military strikes on Iran, though a rallying U.S. dollar limited the metal's upside. Market focus now shifts to key U.S. employment reports this week.
Gold Gains on Middle East Strikes, Dollar Caps Rally Ahead of Jobs Data
Spot gold advanced 0.4% to $5,297.31 an ounce as geopolitical tensions spurred safe-haven demand, though dollar strength limited the rally. Focus shifts to key U.S. employment reports this week.
SLB Shares Hold Steady Despite Oil Price Surge on Middle East Tensions
SLB shares closed flat at $51.34 as oilfield services stocks lagged a crude rally driven by Middle East supply fears. Market focus shifts to potential changes in producer spending and SLB's upcoming quarterly results.
SLB Shares Hold Steady Amid Oil Price Surge, Market Eyes Spending Signals
SLB Ltd.'s stock showed minimal movement, closing at $51.34, even as oil prices jumped due to Middle East supply disruptions. The market is focused on whether higher crude will translate into increased capital expenditure by energy producers.
Qatar LNG Disruption Sparks Global Energy Market Turmoil
QatarEnergy suspended liquefied natural gas production following drone strikes on key facilities, triggering a surge in European gas prices and major shipping disruptions near the Strait of Hormuz.
Qatar LNG Suspension Sparks Global Energy Crisis as Hormuz Chokepoint Clogs
QatarEnergy suspended liquefied natural gas production following drone strikes on key facilities, triggering a 40% spike in European gas prices. Approximately 150 vessels are stranded near the Strait of Hormuz after marine insurers withdrew war-risk coverage.
Australian Dollar Eyes Key GDP Data Amid Analyst Optimism
The Australian dollar stabilizes near 0.7100 as analysts project a rise toward 73-75 U.S. cents by year-end, with immediate focus on Wednesday's GDP data and geopolitical risks.
Australian Dollar Eyes Key GDP Data Amid Analyst Divergence
The Australian dollar is holding near 0.7100 against the U.S. dollar, with major banks forecasting further gains. All eyes are on upcoming GDP data, with crowded speculative positions raising the risk of a sharp market move.
ConocoPhillips Rises on Oil Price Spike Amid Middle East Tensions
ConocoPhillips shares climbed alongside a sharp rise in oil prices after military actions in the Middle East disrupted supply. Market focus shifts to tanker flows through the Strait of Hormuz and upcoming U.S. inventory data.
ConocoPhillips Rises as Middle East Tensions Fuel Oil Price Surge
ConocoPhillips shares advanced alongside a sharp rally in oil prices following military strikes in the Middle East that disrupted supply routes. Market focus shifts to tanker movements through the Strait of Hormuz.