News

Sell-Off Widens As Oil Rallies Amid Middle East Conflict

The market concluded a volatile week with mixed results as a combination of escalating oil prices and ongoing concerns about how companies are funding AI infrastructure kept markets in check

SeekingAlpha·19:59

USO Jumps To Over 11-Year High As Brent Tops $116, WTI Crosses $100 Amid Escalating Middle East Tensions

Brent crude futures reached a six-month high on Friday as attacks on Saudi Arabia and concerns over further Middle East escalation fueled fears of oil supply disruptions.

Yahoo·11:58USO▼−1.8%

Iran's Revolutionary Guards Say Two Tankers Struck Naval Mines While Trying To Use An Unauthorized Route South Of The Strait Of Hormuz

- Reuters Citing Iranian State Media

Benzinga·11:35

Brent Crude Jumped 4% to $113. Trump Is Throwing $150 Million at Refiners

Washington is handing refiners $150 million to expand fuel supply at the same moment those same refiners are posting the biggest margins in their history. The tension between a record-profit industry and a government trying to lower pump prices before November is only getting stranger.

Yahoo·11:15

Amena Bakr Head of Middle East Energy & OPEC+ Insights Kpler Posts On X "Iran’s oil production and revenue squeeze is intensifying: Iran has loaded no crude or condensate cargo since August 25, and tankers loaded since mid-July have been unable to cross the blockade line. NIOC has consequently cut production to domestic requirements—below 2 million b/d this fall as seasonal demand declines."

https://x.com/Amena__Bakr/status/2113272133606633809

Benzinga·06:19

The Guardian Pakistan Correspondent, Shah Meer Baloch Posts On X "Reports of firing, huge blasts near Pak-Iran border in Gwadar district. According to locals the huge blasts were heard in towns such as Pishukan and Sur and reports of attacks on security checkpoints/compounds in district Gwadar."

https://x.com/ShahmeerAlbalos/status/2113249922980147275

Benzinga·05:23

Punchbowl Senior Energy Reporter Joshua Siegel Posts On X "SCOOP: The Trump admin is easing its blockade on wind projects as it looks to motivate Democrats to support the Senate’s bipartisan permitting reform bill. A White House official told me DOD has advanced 2 projects in Maine & SD with more to come. Text subscribers got it 1st!"

Houthis Hit Saudi Arabia's Ministry Of Defense Building In Riyadh, King Fahd International Airport In Dammam

https://x.com/Yah_Saree

Benzinga·04:21

'Aramco CEO Says East-West Pipeline Capacity Could Reach 10 Million Barrels a Day' - WSJ

https://www.wsj.com/business/energy-oil/aramco-ceo-says-east-west-pipeline-capacity-could-reach-10-million-barrels-a-day-d761c76e

Benzinga·02:21

'U.S. Preparing To Issue Ordered Departure Of Some Personnel From Gulf Embassies, Say U.S. Officials' - Reuters Exclusive

https://www.reuters.com/world/middle-east/us-preparing-issue-ordered-departure-some-personnel-gulf-embassies-us-officials-2026-10-21/

Benzinga·11:17

Sector Update: Energy Stocks Lean Lower Premarket Wednesday

Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPD

Yahoo·09:26

Kremlin Aide Ushakov Says New Round Of Trilateral Talks Between Russia, United States, And Ukraine May Take Place In Abu Dhabi; Ukrainian Conflict Is Nearing An End

- Reuters Citing Russian Media

Benzinga·06:29

Aramco Yanbu, Shaybah Facilities Undamaged After Houthi Attack Claims

- Reuters Citing Argus Media

Benzinga·06:01

'US to Tap National Diesel Reserve as Prices Soar Before Election'- Bloomberg

https://www.bloomberg.com/news/articles/2026-10-21/us-to-tap-national-diesel-reserve-as-prices-soar-before-election

Benzinga·05:46

Americans Have Spent $139 Billion More on Gas Since Iran War Began — Enough to Buy 338,000 Homes, Says Analyst

Iran war-driven fuel shocks cost Americans $138.8B more since March, which is equivalent to 337,897 homes, this analyst says.

Benzinga·02:27

Kamala Harris Says 'Choices Made' by Trump Are Hitting Wallets, Calls Midterms a Chance to Elect Leaders Who ‘Fight for the People’

Kamala Harris said voting is the answer to higher prices she blames on President Donald Trump and the Iran war, ahead of the midterms.

Benzinga·21:59

USO, USO Gain Premarket As Brent Crude Hits 5-Month High — Middle East Shipping Attacks Fuel Supply Fears

Capital Economics commodities economist Hamad Hussain warned that escalating attacks on ships could trigger a renewed fall in oil supply and continued price rises.

Yahoo·06:35USO▼−1.8%

Tech Investors Bought The Dips

The tech-heavy Nasdaq led the markets higher, finishing up better than 1%, while the S&P 500 Index gained 0.41%.

SeekingAlpha·19:25

Exchange-Traded Funds Higher as US Equities Rise After Midday

Broad Market Indicators Broad-market exchange-traded funds IWM and IVV rose. Actively traded I

Yahoo·13:25

What Does This Record Correlation In Bonds And Oil Mean For Stocks?

Higher oil plus higher inflation data doesn’t intuitively (or historically) lead to higher bond prices. What’s going on? And what might this mean for stocks? Read more here...

SeekingAlpha·07:20

Ex-OpenAI Employee Accused Of Planting Recording Device Appears To Have Received 'Considerable Support' From Saudi Government

- Reuters Citing Court Filing

Benzinga·06:04

'Iran’s Main Oil Terminals Remain Empty as US Blockade Bites' - Bloomberg

https://www.bloomberg.com/news/articles/2026-10-19/iran-s-main-oil-terminals-remain-empty-as-us-blockade-bites

Benzinga·03:41

President Trump Gives Complete And Total Endorsement Of Benjamin Netanyahu In Upcoming Race For Re-Election As Israel’s Prime Minister, In Truth Social Post

https://truthsocial.com/@realDonaldTrump/117462516183501342

Benzinga·07:06

Why G7 Countries Releasing Millions Of Barrels Of Oil Is Good For American Oil Companies

G7’s 100M-barrel reserve release may boost U.S. oil stocks as inventories stay tight and exports continue, supporting high prices. Click here to read more.

SeekingAlpha·12:36

Oil And Gas: You Ain't Seen Nothing Yet

Petrobras is a top energy pick as Brent premium, Mideast risks, and a flattening oil curve lift upside. Read the full analysis here.

SeekingAlpha·09:31

U.S. July Oil Production Just Short Of New High

U.S. July oil production increased by 104 kb/d to 13,948 kb/d, just 47 kb/d short of the previous October high of 13,995 kb/d. Read more here.

SeekingAlpha·07:45

Markets Take Off As Tech Stocks Rally

A small group of stocks, mostly geared toward the booms in AI, is fueling the market rally despite all adverse geopolitical news. Treasury bond yields and crude oil prices are retracting.

SeekingAlpha·07:30

Commodities: Diesel Release Drives Down Distillate Margins, Capping Oil

SeekingAlpha·00:15

Yemen's Houthi's Armed Forces Say They Targeted Aramco Sites In Riyadh, Khurais With Ballistic Missiles, Drones, Causing Large Fires At Targeted Sites

https://x.com/alsyasiah/status/2106734625611780169?s=20

Benzinga·05:21

Saudi-Backed Yemen Presidential Council Head Rashad Al-Alimi On Sunday, Announced Military Operations To Retake Remaining Iran-Backed Houthi-Held Territory And Restore State Authority Across Yemen

https://x.com/AlArabiya_Eng/status/2106718921038471679?s=20

Benzinga·04:37

SPY And USO: Hold Into Trump's Election Deadline

SPDR S&P 500 ETF Trust and United States Oil Fund are rated Holds heading into the Nov. 3 midterms. Read more on how Trump’s deadline can change investment positioning.

SeekingAlpha·04:32USO▼−1.8%

Saudi-Led Coalition Says It Intercepted And Destroyed Three Ballistic Missiles Launched By Houthis Toward Khamis Mushait

-Reuters

Benzinga·09:52

Why Is The Market Celebrating A Weak Jobs Report?

Jobs Report Shocker Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows

Benzinga·09:24

Equity Outlook: AI, Higher Rates Raise The Bar For Diversification

Global equities advanced in the third quarter as market returns broadened away from technology. Read more here.

SeekingAlpha·08:40

Market Gains Momentum After Soft Jobs Report

SeekingAlpha·07:31

'G7 to Release Up to 100M of Barrels of Diesel and Oil'- Bloomberg

https://www.bloomberg.com/news/articles/2026-10-02/g7-to-release-up-to-100-millions-of-barrels-of-diesel-and-oil

Benzinga·06:13

President Trump, On Social Media, Says Europe Has Just Agreed To Release Massive Amount Of Heavily Stocked Diesel Oil; Process To Begin Immediately

https://truthsocial.com/@realDonaldTrump/posts/117371677010048663

Benzinga·06:03

Oil Update - September 2026

Absent kinetic conflict or a ceasefire, I expect West Texas Intermediate (WTI) oil prices to range between $82.50 and $97.50 per barrel for October.

SeekingAlpha·18:45

Markets Move Mostly Higher After PCE Report

Investors moved off the sidelines after the release of the Federal Reserve’s preferred inflation gauge, with all three major indices marching to the upside. Read more here.

SeekingAlpha·07:30

The Energy Crisis Is Moving Downstream

Middle East crude exports have reportedly recovered to 17.5 mb/d, or roughly 98% of pre-war levels, according to JPMorgan's latest estimates.

SeekingAlpha·05:45

'Iraq Deepens October Crude Price Discounts to as Much as $37' - Bloomberg

https://www.bloomberg.com/news/articles/2026-09-30/iraq-deepens-october-crude-price-discounts-to-as-much-as-37

Benzinga·03:30

United States Oil Fund (USO) Slides Tuesday: What's Driving the Action?

Shares of the United States Oil Fund (NYSE: USO) are trading lower Tuesday afternoon as crude prices pull back following signs of easing logistical constraints across Middle Eastern export routes.

Benzinga·10:19USO▼−1.8%

USO ETF’s Parent Has a New Suitor: Is a Bidding War Brewing?

Simplify has raised its bid for Marygold, fueling a potential bidding war for USCF’s $6B ETF platform after Madison Dearborn’s bid.

Benzinga·11:52USO▼−1.8%

They Cannot Ban Their Way Out: The Yield Slate Does Not Negotiate

A proposed diesel export ban could idle much of Gulf Coast refining, push up gasoline prices, and discourage the investment needed to ease supply over time. Read more here.

SeekingAlpha·02:50

Will Stocks Top... Or Pop? David Keller Covers The Charts

David explains why mega-cap technology and AI stocks continue to support the major indexes, even as market breadth deteriorates and many other sectors struggle.

SeekingAlpha·09:33

JPMorgan Says Oil Price Endgame Is Hard To Predict; Here's My Playbook

JPMorgan analysts wrote in a research note that the endgame for oil prices is impossible to model. Read why playing it safe is important today.

SeekingAlpha·07:05

Reported Earlier, 'Saudi, Turkish, Pakistani chiefs plan urgent talks amid Yemen fighting' - Al Jazeera

https://www.aljazeera.com/news/2026/9/25/saudi-turkish-pakistani-chiefs-plan-urgent-talks-amid-yemen-fighting

Benzinga·02:19

The Oil Fund Beating USO by Harvesting Roll Yield Faces Its Biggest Test Yet

DBO's roll-yield strategy turned crude's backwardation into a triple-digit gain this year, but the EIA sees WTI dropping more than $30 by spring and no futures trick can outrun a slide that big.

Yahoo·12:10USO▼−1.8%

United States Oil Fund (USO) Drops Wednesday: What's Going On?

Shares of the United States Oil Fund are trading lower Wednesday afternoon, pulling back from recent 52-week highs as a confluence of diplomatic developments, logistical workarounds and domestic inventory builds cooled off supply disruption fears.

Benzinga·09:46USO▼−1.8%

United States Oil Fund (USO) Hits 52-Week High as Supply Bottlenecks Intensify

Shares of the United States Oil Fund LP (NYSE: USO) surged to a new 52-week high Tuesday afternoon, tracking a sharp rally in benchmark crude futures as physical supply disruptions in the Middle East and tightening product markets heightened global supply concerns.

Benzinga·10:06USO▼−1.8%

Energy ETF (USO) Hits New 52-Week High

USO reaches a 52-week high as Middle East tensions and oil supply concerns drive gains. More upside ahead?

Yahoo·11:19USO▼−1.8%

Stocks, Commodities And Precious Metals; Big Changes Coming

Bullish stocks into mid-term elections on stimulus, but rising risk favors gold/silver after 2026.

SeekingAlpha·03:37

U.S. Officials Says There Is Progress Between Oman And Iran On The Strait Of Hormuz And We Expect A Deal Soon; Once A Deal Is Announced To Restore Commercial Shipping Without Impediments, The U.S. Will Lift The Blockade Of Iranian Ports; U.S. Actions Will Continue To Be Performance-Based And Tied To Iran's Implementation Of Its Commitments

- Reuters

Benzinga·11:03

Chinese Buying Lifts Gold And Silver From Technical Support; Jobs Report Shocker And Iran Hopium Trigger Aggressive Stock Buying

Shocking Jobs Report Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart

Benzinga·09:48

Gold’s Historic Weekly Surge Has Only Seven Parallels in 40 Years

Gold is up nearly 8% this week, a move matched only seven times since 1986. History says the next three months are the hard part.

Jobs Report And Drop In Unemployment Boost Markets

The surprise jobs report gave the markets an early boost that may be tough to hold on to throughout a summer Friday when many folks tend to cut the workday hours.

SeekingAlpha·07:55

Turkey Halts All Trade With Israel

Benzinga·03:58

Kpler Data Indicate Strait of Hormuz Traffic Remained Subdued On August 7, With Eight Confirmed Crossings, Down 33% From Day Prior With Most Vessels Using Iranian Unilateral Scheme

Bab el-Mandeb activity moved in the opposite direction, rising 18% to 26 confirmed crossings, including three dark transits. No additional vessel attacks were confirmed by the IMO. Kpler continues to monitor transit

Benzinga·02:59