Some senior names at Tesla have also left the company. That include Andrew Baglino, Tesla’s senior vice president for powertrain and energy engineering. Baglino has posted that
Oil steadied on Tuesday with support from data showing China's economy grew faster than expected and Middle East tensions but weighed by concern that U.S. interest rates may stay higher for longer and reduce demand.
Crude-oil prices retreated on Monday after an Iranian attack on Israel caused little damage, helping to diminish expectations about a broader conflict involving the two bitter rivals.
Oil prices fell in early Asian trade after Iran's reprisal attack on Israel over the weekend. Brent crude - a key benchmark for oil prices internationally - was lower but still trading close to $90 a barrel on Monday morning.
Oil prices rose on Tuesday after data showed China's economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran's weekend missile and drone attack.
Energy markets may spike Monday with volatility in oil prices expected in the wake of Iran's attack on Israel, with markets looking for potential escalation or retaliation.
Crude-oil prices could continue to climb if the confrontation between Israel and Iran escalates further — but any gains likely won't last, according to Jeff Kleintop, chief global investment strategist at Charles Schwab.
By Arshad Mohammed, Timothy Gardner and Michael Martina WASHINGTON (Reuters) - Iran's unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran's oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China,
Iran’s unprecedented attack on Israel over the weekend has ratcheted up tensions in the oil-rich Middle East yet again, threatening to send fuel prices skyward if the conflict escalates and disrupts global supplies.
Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.
Oil prices slipped lower on Monday after Iran's weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels.
Oil markets may seem perplexingly calm despite the latest Middle East flare-up, but there’s good reason for the sangfroid. On the face of it, Iran’s drone-and-missile barrage against Israel this weekend is exactly the sort of thing that sends crude prices soaring.
Oil prices sank by about 1% a barrel on Monday after Iran's weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels.
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices.
Oil prices sank by about $1 a barrel on Monday after Iran's weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels.
Oil benchmarks fell, with Iran’s retaliatory attack against Israel already factored in by the market last week, but risks to supply disruptions in the Middle East remain high.
Oil prices stabilized on Monday as energy traders bet that the conflict between Israel and Iran would remain contained. Anthony Di Paola reports on Television. (Source: Bloomberg)
Oil prices drifted lower on Monday, with the market downplaying the risk of broader regional conflagration after Iran's weekend attack on Israel. Brent futures for June delivery fell 81 cents, or about 0.
John Kilduff, Again Capital founding partner, joins 'Squawk on the Street' to discuss what needs to happen for oil prices to ease lower, how the White House is considering the oil market, and more.
Mohamed Abdelmeguid, BNP Paribas, Senior Economist, Middle East and North Africa discusses Iran's attack on Israel. He speaks with Vonnie Quinn on & Africa. (Source: Bloomberg)
Wall Street was set to start the week modestly higher while oil, the dollar and bond prices all dipped on Monday as investors kept Middle East concerns in check after Iran's weekend attacks on Israel.
Markets are still anxiously awaiting Israel’s response to Iran’s attacks over the weekend. A further escalation of the conflict could lead to a significant spike in oil prices.
Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained in the aftermath.
Europe's main share and currency markets started the week modestly higher while oil and bond prices dipped, as investors kept Middle East concerns in check after Iran's weekend attacks on Israel. Tehran's offensive involved more than 300 missiles and drones,
Crude oil futures fell for a second day Tuesday as the U.S. expects a limited response from Israel to an unprecedented air assault by Iran, reducing fears that the Middle East is on the verge of a broader regional war.
Oil prices fell on Monday as market participants dialled back risk premiums following Iran's weekend attack on Israel that the Israeli government said caused limited damage. Brent futures for June delivery fell 50 cents,
US stocks were rocked by hot economic data and worries about an escalation of tensions in the Middle East, with the Dow swinging through 600 points Monday.
Oil prices, which hit a six-month high on Friday, are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said, but further gains may depend on how Israel chooses to respond.
U.S. equity futures moved higher Monday, while oil prices slipped and the dollar gave back recent gains against its global peers, as investors looked to Israel's formal response to an unprecedented missile attack from Iran over the weekend.
Amrita Sen of Energy Aspects discusses Iran's drone and missile attack on Israel, and says it was "very well telegraphed" but that "doesn't mean that prices will continue to go down."
Iran's Deputy Oil Minister Morteza Shahmirzaei told a conference in Moscow via video link on Tuesday that his country was working to ensure that energy exports in the Middle East region are carried out without interruption following an attack on Israel.
Oil prices barely moved in the first trading since Iran launched drone and missile strikes against Israel over the weekend, but rising geopolitical tensions could quickly up the ante. Why it matters: Market moves are an exercise in hive-mind risk analysis.
Iran, the third largest producer in the Organization of the Petroleum Exporting Countries (OPEC), produces about 3 million barrels of oil per day (bpd), or around 3% of total world output.
Iran's weekend attack on Israel has increased geopolitical risks in the oil market for the near term, prompting some banks to raise their price forecasts.
The Indian rupee is expected to be under pressure at open on Monday, possibly dipping to a new low, on concerns that rising Middle East tensions could push oil prices higher and sour risk appetite.