This morning, Brent crude surged by 29%, reaching $119.50 per barrel, briefly matching the spread with WTI—typically positive—and bringing it close to zero. The intraday high for U.S. crude was $119.40. This shock start to the week adds to the gains recorded over the last five trading sessions, totaling 35%—the biggest gain in futures trading […]
The impact on financial markets of the coordinated US–Israel attack on Iran, which is once again destabilizing the Middle East, is already becoming evident—and most likely we are only at the beginning. Geographically, Iran occupies the entire northeastern coastline of the Persian Gulf and directly overlooks the Strait of Hormuz, through which approximately 25% of […]
Global oil prices surged more than 8% on Monday, March 2, reaching their highest levels in months as escalating conflict in the Middle East threatened energy supply routes and disrupted tanker shipments from a key oil-producing region. The sharp rally followed intensifying military exchanges between Iran and Israel, raising concerns that the conflict could spread […]
A few weeks ago, at the beginning of January, when crude oil was finally rebounding from the $57.5–$60 area, we highlighted the importance of the $66 level—a threshold that had acted as a floor since 2022 and had been broken to the downside only last April. Admittedly, according to OPEC and EIA data, the world […]
Today is a public holiday in both the United States and Canada, and markets in China will remain closed for the entire week. The macroeconomic calendar is light, aside from the already released and disappointing Japanese GDP data. More broadly, markets are reopening in a subdued and lethargic tone following the weekend. Against this backdrop, […]
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