crude oil

Crude oil fell below $96/barrel while gas prices climbed to $4.56/gallon, creating exceptional refinery margins. The 3-2-1 crack spread hit $56.22/barrel, highest since June 2022.

Plains All American Pipeline and Plains GP Holdings plan to close their Canadian NGL business divestiture to Keyera Corp in May 2026, despite a Competition Bureau challenge.

Federal Reserve's Q2 2026 inflation forecast jumps to 6.43% from 4.71% due to Iran war energy shock, eliminating 2026 rate-cut prospects amid expensive valuations.

S&P 500 ekes out 0.07% gain while Dow slides 0.22%; Trump's Hormuz security plan lifts oil 1.49%, fueling M&A-driven gains in eBay, Nebius, and Skycorp Solar.

U.S. stock futures advance as oil prices decline following Trump's Middle East shipping plan. Iran dismisses initiative; economists warn of recession risks.

ResearchAndMarkets releases comprehensive South Africa refining industry report identifying capital investment opportunities in new refineries, capacity expansions, and regional competitive positioning.

UAE exits OPEC, plans 5 million barrels daily by 2027. Russia warns of oil glut if supply increases uncoordinated, though Strait of Hormuz tensions currently support prices.

U.S. stock futures rise ahead of Powell's final Fed speech and rate decision. Markets expect unchanged rates while tech earnings and oil surge 3.05% dominate focus.

Crude oil surges to $100/barrel amid geopolitical tensions, sparking energy sector rally. Analysts highlight three legacy oil stocks as multi-decade holdings.

Enbridge, Enterprise Products, and Chevron offer 5.4%, 5.8%, and 3.8% yields respectively, backed by 31, 27, and 39-year dividend increase streaks.

Iran's attacks on Strait of Hormuz ships disrupt 10-15M barrels daily, pushing oil above $90. Energy stocks Chevron and ConocoPhillips positioned to benefit from sustained high prices.

U.S. stock futures jump 0.56-0.76% after Trump extends Iran ceasefire. Energy, aerospace, and airline stocks lead gains amid geopolitical relief.

S&P 500 slipped 0.3% Tuesday amid Iran ceasefire uncertainty and rising yields, while crude oil surged 2.7% to $90, reflecting geopolitical tensions and strong economic data.

Prediction markets assign only 23% probability to Iran allowing unrestricted Hormuz shipping in April, with just 18% odds of US-Iran peace deal by late April.

Strait of Hormuz reopens following Israel-Lebanon ceasefire, sparking 10%+ oil price drop. U.S. Navy blockade on Iran persists; ceasefire expires within one week, creating renewed uncertainty.

Iran declares Strait of Hormuz open to all vessels during ceasefire, sending crude down 14% to $81/barrel while airlines and cruise stocks surge on lower fuel costs.

Illinois Governor Pritzker urges year-round E15 fuel to lower gas prices amid Middle East tensions, as ethanol-blended fuel sales surge 23% despite trade-offs including lower fuel economy.

IMF chief says U.S.-Iran conflict impact is reflected in forecasts as crude oil surges above $104 amid Strait of Hormuz disruptions.

TotalEnergies confirms SATORP refinery damage, faces potential Middle East facility shutdowns affecting ~15% of global output. Shares rise despite crisis.

Stock futures fell Friday on Iran-Israel tensions and pre-CPI anxiety as crude oil surged to $100/barrel. Taiwan Semiconductor and select tech stocks found support amid broader weakness.