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Global Oil Prices Surge Past $100 Following Houthi Attacks on Saudi Tankers

Morning Market Shocks: Price Surges After Houthi Attacks

Vinay Lochav | 24 July 2026

Halliburton Upgraded to Hold, Price Target Set at $40.00

Halliburton's (NYSE: HAL) stock received a fresh price target of $40.00 from Argus, signaling increased investor confidence in the company's growth trajectory. The energy services leader, founded in 1919, operates across more than 70 countries, highlighting its substantial global footprint. This price adjustment follows …

Vinay Lochav | 24 July 2026

Crude Oil Rises 2.3% to $88.60, Boosting Energy Sector Sentiment

Crude oil prices rose sharply on Wednesday, marking a 2.3% increase to reach $88.60 per barrel. This upward momentum in WTI is driven by a combination of increasing global demand and ongoing geopolitical tensions that threaten supply chains. A more expensive oil price often …

Vinay Lochav | 24 July 2026

Increased Russian Oil Purchases Reflect Supply Concerns in Asia

Chinese refiners have ramped up their purchases of Russian crude oil for September, showcasing a proactive strategy to secure supply amidst rising tensions in the region. This heightened demand is particularly relevant as companies pivot to diversify their energy sources amid fears of potential …

Vinay Lochav | 24 July 2026

Unexpected Rise in Natural (NYSE: CNR) Gas Storage Reported

Natural gas storage levels have seen an increase, driven by various market dynamics. This rise occurs during a period when demand typically peaks due to seasonal consumption patterns. Industry experts are analyzing the implications of this surge on future pricing and supply strategies.

Vinay Lochav | 24 July 2026

Oil & Gas Names Rally in Unison as OXY, DVN, WTI, EGY, and VG All Reclaim Their Moving Averages

Today's session showed a coordinated bounce across the energy patch, with all five names covered here posting gains and each pushing back above both its 20- and 50-day EMAs after multi-week pullbacks. W&T Offshore (NYSE: WTI) led the group with the largest percentage gain, …

Nitish Kishor | 23 July 2026

Oil Prices Rise as Iran Diplomacy Stalls, Keeping Energy Markets Under Pressure

Global crude markets extended their recent advance as investors responded to stalled diplomatic progress between the United States and Iran, keeping geopolitical risk embedded in energy pricing.

Nitish Kishor | 23 July 2026

U.S. Crude Tops $90, Brent Over $98 After Tanker Strikes Off Saudi Arabia

U.S. crude oil tops $90 and Brent climbs past $98 as tanker strikes off Saudi Arabia stoked fresh market turbulence. The Red Sea incidents, involving vessels carrying petroleum products, reignited fears over Middle‑East supply routes.

Vinay Lochav | 23 July 2026

U.S. Nuclear Power Agreement Enhances Market Access

The recent signing of a nuclear power agreement between the United States and its partner marks a significant development in the global energy environment. This agreement allows U.S. companies to gain access to a growing nuclear energy program, enhancing bilateral cooperation in a sector …

Vinay Lochav | 23 July 2026

Two Chinese Supertankers Carrying Saudi Oil Move Toward Red Sea Exit

Two Chinese supertankers loaded with Saudi crude are currently heading toward a critical maritime passage, signifying a key movement for oil transportation in the region. As these vessels approach this strategic route, the implications for global oil supply chains become increasingly evident amid ongoing …

Vinay Lochav | 23 July 2026
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