Oil prices turned higher Friday after nuclear negotiations between the U.S. and Iran stalled. Pakistan, Afghanistan go to war. ...

Oil prices edge lower after US, Iran extend talks | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk [Purchase Licensing Rights, opens new tab]Feb 27 (Reuters) - Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programm ...

Oil markets remain fixated on the threat of a U.S. attack on Iran — and this week could provide some clarity on the next move for crude prices, with talks between the two nations expected Thursday. ...

Core Viewpoint - Oil prices increased due to rising concerns over potential conflict between the U.S. and Iran, with the U.S. warning that Tehran will face consequences if it does not reach a nuclear deal soon [1] Group 1 - Oil prices were higher on Friday, indicating a market reaction to geopolitical tensions [1] - The U.S. government has stated that Iran must agree to a deal regarding its nuclear activities within a few days to avoid repercussions [1]

Core Viewpoint - Oil prices remained stable amid military exercises conducted by Iran in the Strait of Hormuz, a critical passage for global crude oil supplies Group 1: Oil Prices - U.S. crude oil increased by 53 cents, or 0.84%, reaching $63.42 per barrel [1] - Global benchmark Brent crude decreased by 29 cents, or 0.42%, to $68.36 [1] Group 2: Strait of Hormuz - Approximately one-third of all waterborne crude oil exports transit through the Strait of Hormuz, according to consulting firm Kpler [2] - Traffic through the strait was halted for several hours due to naval exercises conducted by the Islamic Revolution Guard Corps (IRGC) [1] Group 3: Military Tensions - The IRGC has indicated readiness to close the Strait of Hormuz if given the order, as stated by Rear Admiral Alireza Tangsiri [3] - Tensions between the U.S. and Iran are escalating, with President Donald Trump threatening military action if a nuclear deal is not reached [2] - Indirect talks between Iran and the U.S. took place in Geneva, Switzerland [2]

Group 1 - Oil prices showed mixed performance during the morning Asian session [1] - Traders are closely monitoring the upcoming second round of U.S.-Iran talks scheduled for this week [1]

Core Viewpoint - Oil prices are rising due to escalating tensions between the U.S. and Iran, overshadowing a significant increase in U.S. crude inventories [1] Oil Price Movements - Brent crude oil futures increased by 34 cents, or 0.49%, reaching $69.74 per barrel [1] - U.S. West Texas Intermediate (WTI) crude rose by 37 cents, or 0.57%, to $65.00 per barrel [1] - Both benchmarks had settled higher the previous day, with Brent gaining 0.87% and WTI gaining over 1.05% [1] U.S.-Iran Relations - U.S. President Donald Trump indicated that no definitive agreement was reached with Israeli Prime Minister Benjamin Netanyahu regarding Iran, but negotiations will continue [1] - Trump mentioned the possibility of sending a second aircraft carrier to the Middle East if a deal with Iran is not achieved [1] - Indirect talks between U.S. and Iranian diplomats took place last week, with the next round of talks yet to be scheduled [1] U.S. Economic Indicators - U.S. job growth unexpectedly accelerated in January, with the unemployment rate falling to 4.3%, indicating economic health [1] - The resilient U.S. economy is supporting expectations for oil demand [1] Crude Inventory Data - U.S. crude inventories rose by 8.5 million barrels to 428.8 million barrels last week, significantly exceeding analysts' expectations of a 793,000-barrel increase [1] - Despite the inventory build, global oil inventory increases have generally been below expectations since the start of the year [1] Market Outlook - Oil prices are likely to remain biased to the upside due to the U.S.-Iran situation, tighter sanctions on Russian oil, and expectations of reduced exports [1]

Lots at stake, as you know, with what we need to keep in mind, really reading the tea leaves as she does so well. Great to have back with us. Bloomberg News, Middle East Geoeconomics Lead Dena Esfandiari.She is with us from Geneva, Switzerland. Dana, it is always great to get some time with you. I know it's later where you are.What is your read on what's going on at the White House here and those headlines that Tim just laid out for you. First. Thanks for having me.So I think really what Prime Minister Neta ...

Core Viewpoint - U.S. stock futures declined on Sunday following a volatile start to the year on Wall Street, with expectations of a busy week ahead for technology earnings [1] Group 1 - The decline in stock futures indicates ongoing market volatility and investor uncertainty [1] - The upcoming week is anticipated to feature significant earnings reports from technology companies, which could impact market sentiment [1]

Group 1: Oil Market Dynamics - Rising supply concerns were overshadowed by U.S. rhetoric on Iran and weather-related disruptions, keeping risk premiums elevated [1] - Trump's fluctuating statements regarding Iran have supported oil prices, with Brent ending the week above $70 per barrel despite Kazakhstan's returning production [2] - The Trump administration lifted most sanctions on Venezuela's oil industry, coinciding with the Venezuelan Parliament's approval of a new hydrocarbons law [3] Group 2: International Oil Trade Developments - Reliance Industries in India will resume imports of Russian Urals crude, expecting inflows of up to 150,000 b/d due to weak European demand [4] - The Mozambique LNG project, led by TotalEnergies, has officially resumed after a four-year hiatus, aiming for a potential launch in 2030 [5] - Carlyle Group has agreed to acquire most of Lukoil's international assets for $22 billion, pending U.S. Treasury approval [6] Group 3: Operational Challenges - Mexico's Dos Bocas refinery was forced to halt operations due to a power failure, attributed to a technical issue with its catalytic converter [7] Group 4: Emerging Trade Relationships - Petrobras signed three term supply agreements with Indian refiners totaling 60 million barrels, reflecting a growing trade relationship between India and Brazil [9] Group 5: Commodity Price Movements - Tightening tungsten inventories have driven prices to record highs, with ammonium paratungstate trading at $1,150 per metric tonne in China, influenced by export controls and defense industry demand [8]