A critical oil cushion rapidly shrinking. America's strategic petroleum reserve or SPR now at its lowest level in more than 40 years. Just 311 million barrels of crude remain in the SPR.About half of where we were just four years ago. and it's 100 million barrels lower than in March with tens of millions more still to be let go after the Trump administration authorized a mass release to help contain the oil price shock from the war with Iran. >> It's one of the largest releases that we've seen in in recent ...

Um, so we saw Brent top $100 for the first time since May, now up nearly 40% on the month after the Houthis targeted Saudi Arabian ships in the Red Sea, marking a notable escalation in the war and endangering Saudi Arabia's Hormuz bypass capacity. Aramco's crude exports out of Yanboo have averaged 4 million barrels per day since April. That's up from 760,000 barrels per day in 2025.And if you add in products, that number is even higher. And it's not just Saudi oil that flows south through the Babel Mandab s ...

🇮🇷 JUST IN: Goldman Sachs warned Brent crude could climb above $120 per barrel in Q4 if disruptions to the Strait of Hormuz persist. https://t.co/UgoqL37acc ...

Oil tops $100 and drags everything down with itBrent crude punched through $101 and WTI hit $92.61 after Houthi attacks on Saudi tankers widened the Iran conflict into Red Sea shipping lanes, sending the Nasdaq down 2.2% and the S&P 500 down 1.3% as traders priced the oil shock straight into inflation expectations.Crypto slipped with the rest of the risk stack, with total market cap down about 2% to $2.21T, bitcoin:native near $64,700, and the Fear & Greed index at 37. Rate markets now see an 82% chance of ...

Julian, what what do we know about the ability of ships currently to traverse through the Red Sea, and just how dramatic of an escalation and an issue is it for these oil markets. Well, I think it's quite a significant escalation. This is the first attack by Houthis on shipping in the Southern Red Sea for months now.They clearly warned that they were going to do this, and they have followed through. On the other hand, we have seen two Chinese owned tankers, full of Saudi crude that are, at this very moment ...

Brent crude hit $100 a barrel for the first time in two months as the Middle East conflict escalates and threatens deeper supply disruptions https://t.co/Rl98cQuYrV ...

US equity futures fall after Alphabet's plan to spend up to $205 billion this year revives concerns over the soaring cost of AI, while Tesla also boosts investment to accelerate its AI ambitions. Brent crude climbs towards $100 a barrel after Houthi militants attacked two Saudi Arabian oil tankers in the Red Sea. Stephanie Roth of Wolfe Research discusses her outlook for inflation amid rising oil supply risks. Chapters: 00:00:00 - Bloomberg Brief Begins, Opening Headlines: AI Spending, Tesla & Oil Surge 00: ...