Core Viewpoint - Oil prices experienced significant increases on Friday, marking their largest daily gains in over a week, driven by President Trump's indication that the opportunity for diplomatic resolution regarding Tehran's nuclear program may be diminishing [1] Group 1 - Oil prices surged following geopolitical tensions, highlighting the sensitivity of the oil market to political developments [1] - The increase in oil prices reflects market reactions to potential changes in diplomatic relations and their implications for oil supply [1]

here. Let's get to Kevin Green who joins me now for a bit of a data download. Let's just get this construction spending data out of the way first.KG, what are you seeing there. >> Yeah, for construction spending, this is actually still a healthy number just kind of like what we saw last month. It actually increased by 0.3% for the month of December. She was looking for 0.2% in the previous month uh that was actually reported because we did have some uh delay because of government shutdowns.It was actually 0 ...

What’s at Stake — Supply Disruption or Peaceful ResolutionWhat’s at stake is potential supply disruptions driven by possible military action against Iran by the United States. The situation went from optimistic to tense quickly overnight. For most of the session on Thursday there seemed to be a relative calm in the market as the latest talks held in Geneva seemed to indicate a possible peaceful resolution to the simmering tensions between the two countries.During the negotiations the United States remained ...

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 ...

Nuclear talks on Thursday were expected to ease the uncertainty surrounding tensions between the U.S. and Iran. They ended with the promise of further discussions. ...

In comments on Tuesday night, President Trump said he is hoping to make a deal with Iran, but only if the Iranians are willing to pledge to never develop nuclear weapons. “We want to make a deal but we haven't heard those secret words: ‘We will never have a nuclear weapon,'" Trump said. "My preference is to solve this problem through diplomacy but one thing is certain: I will never allow the world’s number one sponsor of terrorism, which they are by far, to have a nuclear weapon — cant let that happen.” ...

In comments on Tuesday night, President Trump said he is hoping to make a deal with Iran, but only if the Iranians are willing to pledge to never develop nuclear weapons. “We want to make a deal but we haven't heard those secret words: ‘We will never have a nuclear weapon,'" Trump said. "My preference is to solve this problem through diplomacy but one thing is certain: I will never allow the world’s number one sponsor of terrorism, which they are by far, to have a nuclear weapon — cant let that happen.” ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv US tariff rate to hit 15% or more for some nations, USTR says February 25, 20261:11 PM UTCUpdated ago By Reuters Shipping containers are stacked on a cargo ship at the port of Oakland following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Oakland,... Purchase Licensing Rights, opens new tab Read more WASHINGTON, Feb 25 (Reuters) - The U.S. tariff ...

Chevron sells Venezuelan oil to India's Reliance for the first time since 2023, ship data and sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The Chevron logo is pictured in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Chevron Corp]Follow[Reliance Industries Ltd]FollowHOUSTON, Feb 24 (Reuters) - U.S. oil major Chevron [(CVX.N), opens new tab] ha ...

Occidental CEO says industry needs $70/barrel oil to grow production | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Occidental President and CEO Vicki Hollub speaks during CERAWeek in Houston, Texas, U.S., March 11, 2025. REUTERS/Kaylee Greenlee [Purchase Licensing Rights, opens new tab]- Companies[Occidental Petroleum Corp]FollowWASHINGTON, Feb 24 (Reuters) - Occidental [(OXY.N), opens new tab] CEO Vicki Hollub said on Tuesday th ...