Brent and WTI crude oil futures fell sharply on Friday following reports that Pakistan is facilitating U.S.-Iran talks, prompting profit-taking after a strong five-day rally driven by Middle East supply risks. Despite the dip, both contracts remain near elevated levels due to continued disruptions in the Strait of Hormuz and Red Sea, where shipping risks and military strikes persist. The market remains cautious as U.S. military strikes continue and geopolitical tensions could escalate, with a potential major U.S. attack on Iran looming. Analysts warn that oil supply issues may persist longer than expected, keeping prices supported despite Friday's pullback.
Crude oil prices surged to $89.31 per barrel, marking a 55% gain year-to-date and reaching levels not seen since May. This rise is fueled by ongoing geopolitical tensions, particularly involving Iran and the Houthis, suggesting prolonged market volat...
Lockheed Martin reported a strong quarter with 7% underlying sales growth and a record $230 billion backlog, leading to raised guidance. The Missiles & Fire Control segment drives growth through new multi-year contracts, though margin expansion remai...
XRP price remains under pressure near $1.09, trading below key moving averages and showing bearish technical signals like a low RSI. Despite this, Ripple is expanding its institutional offerings with the new Ripple Mint platform and growing stablecoi...
Trip.com Group Limited announced it has received an administrative penalty from China's State Administration for Market Regulation. The company accepts the decision and will implement corrective measures as required by law. Trip.com also plans to str...
US stocks face pressure from rising oil prices, new tariffs, and higher Treasury yields, causing volatility and weak tech sector performance. The Dow Jones remains bullish above 50,000 with a potential rally to 55,000 if it breaks 52,500, supported b...
