U.S. crude oil prices surged sharply, with West Texas Intermediate rising 2.9% to $100.78 per barrel and Brent crude up 3.3% to $109.37, driven by escalating tensions in the Strait of Hormuz where Iran attacked commercial ships, including sinking the container ship GFS Pride. Meanwhile, the fragile ceasefire between Ukraine and Russia has collapsed, leading Ukraine to resume strikes on Russian refineries. Additionally, U.S. oil inventories dropped by over 8 million barrels due to Gulf Coast production halts from Hurricane Isaias, further tightening supply. These events combined are increasing uncertainty and volatility in global energy markets.
U.S. crude oil prices surged past $100 amid geopolitical tensions and supply disruptions, providing a backdrop for energy market activity. For readers following the energy sector, here is Pluang's market snapshot as of Oct 17, 2026 00:31 WIB: out of 79 priced US energy stocks, 61 rose and 18 fell. Among notable movers, Antero Resources Corporation (AR) gained 5.27% to USD 38.36 with a typical hold time of 7 days, contrasting with Sunrun Inc (RUN) which dropped 4.65% to USD 7.29 and is held typically for 16 days, while Ovintiv Inc. (OVV) rose 4.40% to USD 69.04 with a 7-day hold time.
Pepeto, a new cryptocurrency on the Ethereum network, has quickly raised over $11.23 million in its presale, with each funding stage closing faster than the last. This momentum comes as Ethereum is predicted to reach $10,000 by the end of 2026, drive...
BlackRock, Inc. disclosed that its voting rights in pharmaceutical company Fagron NV fell below the 3% reporting threshold due to the transfer of voting securities, despite acquiring financial instruments equivalent to voting rights. As of October 12...
Opus Genetics announced FDA approval of phentolamine ophthalmic solution 0.75% for treating presbyopia, an age-related condition affecting near vision in adults. This approval, based on successful Phase 3 trials, provides a non-invasive option that i...
K2 Vision has completed over 5,000 procedures using the Light Adjustable Lens (LAL), making it the highest-volume practice worldwide for this technology. The LAL is unique because it can be adjusted after implantation to fine-tune vision based on the...
BlackRock, Inc. disclosed that its shareholding in Fagron NV dropped below the 3% threshold to 2.96% after selling some voting securities, despite acquiring equivalent financial instruments. As of October 12, 2026, BlackRock holds 2,015,779 voting ri...
