Petrol

A long-delayed push to move more Canadian crude into the United States is back on the table, and this time it has barrels behind it. Oil companies have committed at least 400,000 barrels per day to the project, or about 72% of its initial 550,000 bpd capacity. South Bow Corp. and Bridger Pipeline ar

The Euro (EUR) trades on the front foot against the US Dollar (USD) on Tuesday as a mild pullback in Oil prices pushes US Treasury yields lower, adding pressure on the Greenback. At the time of writing, EUR/USD is trading around 1.1701, rebounding from an intraday low of 1.1676.

US equities are trading higher on Tuesday as crude prices ease and a wave of stronger-than-expected first-quarter earnings reinforces the thesis that profits, not policy, are doing the heavy lifting in this market.

Oil Shockwave: Middle East Crisis Sends 2027 Prices Into Orbit - The deteriorating oil crisis in the Middle East is gradually pushing up oil price expectations not only for this year but also for 2027 ahead, with market participants worried about the viability of Gulf exports even if the current dou

The Pound Sterling (GBP) rises by over 0.20% against the US Dollar (USD) as risk appetite improves. The ceasefire between the US and Iran, although fragile, is holding, pushing Oil prices and the USD lower and US equities higher.

OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of Hormuz. Iraq’s oil production and exports have been severely crippled due to the hostilities in the Middle East and the de

Bob Savage at BNY emphasizes that investors are using traffic through the Strait of Hormuz as a key gauge of energy risk, with ceasefire doubts keeping volatility high. A potential U.S.

Societe Generale’s commodity team notes that Brent prices rose nearly 4% on the day the UAE announced its exit from OPEC and OPEC+, as Hormuz-related tensions overshadowed what would normally be a bearish supply shock.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that risk sentiment remains resilient even as US–Iran tensions flare, with Brent Oil easing and the US Dollar Index (DXY) consolidating below its 200‑day average.

BNY’s Bob Savage describes a fragile risk backdrop, with investors tracking the Strait of Hormuz as a key barometer for energy supply relief. Despite ceasefire doubts after Iran–U.S. exchanges, risk assets are firmer, Oil is lower, Gold higher and the Dollar bid.

UBS's Chief Economist Paul Donovan notes that Oil markets showed a muted reaction to reports of US–Iran exchanges in the Gulf, as investors had already discounted earlier US optimism and focused on Iranian comments.

The US Dollar (USD) shows minor losses against the Canadian Dollar (CAD) on Tuesday, although it remains steady above 1.3600 so far, trading at 1.3515 at the time of writing and holding most of the last two trading days' gains, after bouncing from Friday’s lows at 1.3550.A moderate risk aversion is

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that Switzerland’s April Consumer Price Index (CPI) was mixed, with headline inflation boosted by energy but core CPI slipping to a multi‑year low.