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Crude oil fell to around $81 a barrel on Thursday, as investors potentially weigh weakening demand prospects more than supply concerns caused by the closure of the Strait of Hormuz
The International Energy Agency (IEA) lowered its global oil demand outlook, warning that Hormuz and elevated prices are increasingly weighing on co...
Westpac is watching AUD/NZD closely at 1.2000, after attempts to break lower in both July and August failed.
The latest move higher has been supported by the Reserve Bank of Australia’s hawkish stance.
The RBA left the cash rate unchanged at 4.35% this week. However, the central bank maintained that further tightening remains possible if upside inflati...
Oil prices remain volatile as uncertainty continues over the Strait of Hormuz.
But political pressure is building in the US as the November midterm elections are approaching.
Iranian media and officials are aware of Trump’s falling approval ratings, linking them to the war and higher oil prices.
This might raise expectations th...
Energy markets have rallied as uncertainty persists over the reopening of the Strait of Hormuz.
US President Donald Trump criticised Iran’s demand for war compensation as part of negotiations to wind down the conflict. Trump said the US would instead seek compensation “for all of the people that [Iran] have killed…”.
Extending gains for ...
Michael Burry is sticking with his bearish view even as stocks trade near record highs.
“I continue to believe it is possible we are near a major top, and possible a 1987-type fall,…” Burry wrote in a Substack post.
While comparisons between the AI bubble and the dotcom bust are more common, Burry instead points to 1987, when the Dow plunged 22.6% in a...