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Russian President Vladimir Putin speaks during a plenary session of the Valdai Club on Nov. 7, 2024 in Moscow, Russia. Contributor | Getty Images News | Getty ImagesGlobal stocks fell and investors fled to safe-haven assets on Tuesday, as global markets reacted to escalating tensions between the world's two largest nuclear powers: Russia and the U.S. The pan-European Stoxx 600 stock index was down almost 1% at 12:23 p.m. London time, hitting 498.56 points — its lowest level since August. The declines come after Russian President Vladimir Putin amended Russia's nuclear doctrine that outlines the conditions that would prompt Moscow to deploy its nuclear arsenal, Russian state news agency Tass reported Tuesday. In currency markets, the Japanese yen rose 0.7% and 0.36% against the euro and U.S. dollar respectively at 12:26 a.m. London time.

Persons: Vladimir Putin, Dmitry Peskov, USDJPY, Wells, Erik Nelson, Putin, Tiffany McGhee, CNBC's, Ice Brent Organizations: Valdai, Getty, U.S, Dow Jones, Nasdaq, Russian Federation, NBC News, Swiss, CNBC, U.S ., NATO, White, Kremlin, Russian Defense Ministry, Kyiv, NBC, Ukrainian, Staff of, Armed Forces, Ice Locations: Moscow, Russia, London, U.S, Republic of Belarus, Russian, Ukraine, Kyiv, Soviet, Bryansk, America

☆ Oil prices edge higher after Russia-Ukraine tensions escalate
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Russia unleashed its largest air strike on Ukraine in almost three months on Sunday, causing severe damage to Ukraine's power system. Investors also fretted over the pace and extent of interest rate cuts by the U.S. Federal Reserve that has created uncertainty in global financial markets. In the U.S., the number of operating oil rigs fell by one to 478 last week, the lowest since the week to July 19, Baker Hughes data showed.

Persons: Joe Biden's, Biden, Tony Sycamore, Brent, WTI, Baker Hughes Organizations: Brent, U.S, West Texas, IG, International Energy Agency, U.S . Federal Reserve Locations: Cushing , Oklahoma, Russia, Ukraine, China, Kursk, U.S

☆ Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
▼ + stars: | 2024-11-18 | by ( Auzinea Bacon | Chris Isidore | ) edition.cnn.com time to read: +4 min

Trump has said he wants to lower gas prices — which currently average $3.07 per gallon — to below $2 a gallon. But the American oil industry is already booming and increasing output doesn’t mean gas prices will drop. After oil prices shot up in 2022 in the wake of Russia’s invasion of Ukraine and the sanctions on Russian oil imposed by western countries, major oil companies reported record profits. But are we going to increase oil production by another 50%? OPEC+, a group of leading oil-producing countries, even delayed plans to increase production because of concerns about excess supply.

Persons: Donald Trump, ” Trump, Trump, Chris Wright, Wright, Andy Cross, Andy Lipow, ” Lipow, “ It’s, Biden, ”, Bob McNally, George W, Bush, CNN’s David Goldman, Matt Egan Organizations: CNN, Liberty Energy, Liberty, Denver Post, US Energy Information Administration, P, Insights, Eurasia Group, Texas Intermediate, OPEC, Lipow Oil Associates, Energy, Oil Locations: Denver, States, Saudi Arabia, Russia, Eurasia, Ukraine, China, OPEC

☆ Oil dips on oversupply concerns, heads for weekly loss
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. Distillate stockpiles, which include diesel and heating oil, also fell unexpectedly by 1.4 million barrels, the data showed. Signs of stronger demand supported oil prices, ANZ analyst Daniel Hynes said. The Paris-based agency raised its 2024 demand growth forecast by 60,000 barrels per day to 920,000 bpd, and left its 2025 oil demand growth forecast little changed at 990,000 bpd. Also pressuring oil prices, the dollar surged on Thursday to a one-year high and headed for a fifth-straight daily gain fueled by higher yields and Donald Trump's presidential election victory in the United States.

Persons: Brent, Daniel Hynes, group's, Donald Trump's Organizations: Brent, . West Texas, Energy Information Administration, EIA, ANZ, International Energy Agency, Organization of, Petroleum, greenback Locations: Russia, U.S, Paris, China, India, United States

☆ Oil prices fall as Hurricane Rafael expected to start weakening
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +1 min

Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump's policies might affect supplies. Brent crude oil futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. A strong dollar makes oil more expensive for other currency holders and tends to weigh on prices.

Persons: Donald Trump's, Brent, Rafael Organizations: . West Texas, U.S, National Hurricane Center Locations: Port, Cromarty, Gulf, Mexico, Brent, of Mexico, U.S, Iran, Venezuela, China

☆ Oil prices regain ground as investors eye U.S. election fallout
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. Trump's election had initially triggered a sell-off that pushed oil prices down by more than $2 as the U.S. dollar rose to its highest level since September 2022. Donald Trump is expected to reimpose his "maximum pressure policy" of sanctions on Iranian oil. U.S. crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending on Nov. 1, the U.S. Energy Information Administration said on Wednesday, compared with expectations for a 1.1 million-barrel rise.

Persons: Tony Sycamore, Brent, Donald Trump, Trump, Biden, Hurricane Rafael Organizations: U.S, Trump, Brent, . West Texas, IG, U.S . Bureau of Safety, Environmental Enforcement, U.S . Energy, Administration Locations: Gulf, Iran, Venezuela, China, North America, Hurricane, U.S . Gulf, Mexico

☆ WTI crude oil futures fall as polls start closing in U.S. election
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Oil well pump jacks operated by Chevron Corporation in San Ardo, California, on April 27, 2021. U.S. West Texas Intermediate (WTI) crude future s fell on Wednesday as presidential election polls were closing in the United States. WTI dropped 23 cents, or 0.3%, to trade at $71.76 per barrel at 0053 GMT. Brent crude oil futures starts trading at 0100 GMT. Republican Donald Trump has won Indiana, Kentucky and West Virginia in Tuesday's presidential election while Democrat Kamala Harris captured Vermont, Edison Research projected, as polls closed in the first nine U.S. states, including Georgia and North Carolina.

Persons: WTI, Republican Donald Trump, Kamala Harris Organizations: Chevron Corporation, . West Texas, Brent, Republican, Indiana, Edison Research Locations: San Ardo , California, United States, Indiana , Kentucky, West Virginia, Vermont, Georgia, North Carolina

☆ Oil climbs more than $1 per barrel on reports Iran preparing to strike at Israel
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +3 min

Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days. Brent crude futures , which have rolled to the January contract, climbed $1.31, or 1.80%, to $74.12 a barrel by 0128 GMT. U.S. West Texas Intermediate crude futures rose $1.35, or 1.95%, to $70.61 a barrel after settling up 0.95% in the previous session. Oil prices were also supported by expectations that OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern about soft oil demand and rising supply. The world's largest oil producer pumped a monthly record high of 13.4 million barrels per day in August, EIA said.

Persons: Axios, Monday's, Tony Sycamore, Sycamore Organizations: Brent, . West Texas, U.S, Reuters, NPC, Energy Information Administration, EIA Locations: pare, Iran, Israel, Iraq, Sydney, Middle, U.S, China

☆ Oil prices rise on optimism over solid U.S. fuel demand
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Nine analysts polled by Reuters had expected an increase in gasoline and crude inventories. "Expectations of a potential delay in the OPEC+ production increase were also supportive... A decision to postpone the increase could come as early as next week, two OPEC+ sources told Reuters.

Persons: Toshitaka Tazawa Organizations: Brent, . West Texas, Energy Information Administration, Reuters, Fujitomi Securities, Organization of, Petroleum, OPEC Locations: U.S, OPEC, Russia, Israel

☆ Oil slips more than 4% after Iran downplays Israeli strikes
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: +2 min

A pump jack operates in an oil field in Midland, Texas U.S. August 22, 2018. Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at the open. The geopolitical risk premium that had built in oil prices in anticipation of Israel's retaliatory attack came off, analysts said. In October, the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, kept their oil output policy unchanged including a plan to start raising output from December.

Persons: Brent, WTI, Saul Kavonic, Tim Evans Organizations: Midland , Texas U.S, U.S . West Texas, Evans Energy, Organization of, Petroleum Locations: Midland , Texas, Iran, U.S, Tehran, OPEC

☆ Oil heads for weekly gain as Middle East tensions keep traders on edge
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Friday and are on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge. Both benchmarks settled down 58 cents a barrel in the previous session after prices fluctuated against expectations of heightened or reduced tensions in the Middle East. Oil traders are waiting for Israel's response to a missile attack by Iran on Oct. 1 that may involve hitting Tehran's oil infrastructure and disrupt supplies, although reports said Israel would strike Iranian military, not nuclear or oil, targets. U.S. and Israeli officials are set to restart talks for a ceasefire and the release of hostages in Gaza in the coming days. Ceasefire talks have a small net negative impact on oil prices, Sycamore said, adding the focus is more on the conflict in Lebanon and Israel's potential response to Iran.

Persons: Tony Sycamore, Israel, Antony Blinken, Sycamore Organizations: Brent, West Texas, NPC, East ., U.S Locations: Gaza, East, Iran, United States, Lebanon, France, China

☆ Oil prices edge higher, on track for 3% weekly gain
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged higher on Thursday, recouping some of the more than 1% losses from the previous session after U.S. crude inventories rose much more than estimated. Brent was on track for a 3.2% gain in the week, while WTI was set to rise 2.9%. Last week oil fell more than 7% on worries about Chinese demand and easing concerns about potential disruptions of Middle East oil supplies. Smaller-than-expected rate cuts will temper the reduction in borrowing costs, which in turn could affect economic activity and oil demand. Meanwhile, Israeli strikes pounded Beirut's southern suburbs on Wednesday and Hezbollah said it fired precision guided missiles for the first time at Israeli targets, keeping markets nervous about supply.

Persons: recouping, Brent, WTI Organizations: Brightoil Petroleum, Holdings, Brent, U.S, West Texas, U.S . Energy, Administration, Reserve Locations: Waidiao, Zhoushan, Zhejiang Province, China, Israel, East, U.S, Washington, Iran

☆ Oil prices trim Middle East war risk-gains, China demand remains a worry
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +3 min

Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. "Crude oil prices have been fluctuating in response to mixed news from the Middle East, as the situation alternates between escalation and de-escalation," Satoru Yoshida, a commodity analyst with Rakuten Securities. U.S. Secretary of State Antony Blinken headed to the Middle East on Monday seeking to revive talks to end the Gaza war and defuse the spillover conflict in Lebanon. China's oil-demand growth is expected to remain weak in 2025 despite recent stimulus measures from Beijing as the world's No.

Persons: paring, Brent, WTI, recouping, Satoru Yoshida, Antony Blinken Organizations: Brent, . West Texas, Rakuten Securities, International Energy Agency Locations: China, Iran, Gaza, Lebanon, Beijing, Saudi Aramco

☆ Oil prices steady after 7% weekly drop
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. That marked the contracts' biggest weekly declines since Sept. 2, on slowing economic growth in China and falling risk premiums in the Middle East. China on Monday morning cut benchmark lending rates as anticipated, part of a broader package of stimulus measures to revive the economy. Data on Friday had shown that China's economy grew at the slowest pace since early 2023 in the third quarter, fueling growing concerns about oil demand.

Persons: Brent, WTI, Joe Biden, Baker Hughes Organizations: Brent, . West Texas Locations: China, East, Israel, Iran, Beirut

☆ What's wrong with the Nasdaq? One troubling thing for the bulls' case
▼ + stars: | 2024-10-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Quantitative and technical strategist Javed Mirza pointed out in a note to clients that the Nasdaq 100 has not set a record high since July. On Monday, the Nasdaq 100 was trading about 2% below its record close. "The Nasdaq 100 just triggered a new short-term 'mechanical sell' signal, diverging from the other North American equity indices," Mirza said. The Nasdaq 100's slump is not the only factor pointing to toward a new phase for the bull market. To be sure, even the late stage phases of a bull market can last for quite a while.

Persons: Raymond James, Javed Mirza, Mirza, Dow Jones Organizations: Nasdaq, TSX, Canadian

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ Oil edges up, but on track for biggest weekly loss in over a month
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Both contracts settled higher on Thursday for the first time in five sessions after data from the Energy Information Administration showed that U.S. crude oil, gasoline and distillate inventories fell last week. "Speculative positioning across the ICE Brent complex strengthened from historically low levels, on heightened geopolitical risk of a potential Israeli strike on Iran's oil infrastructure," Citi analysts said in a note. Citi expects global oil demand to slow to 900,000 bpd in 2025 from 1 million bpd this year on an economic slowdown and as more electric vehicles hit the road. The "potential impact of China's emerging economic stimulus plans on oil demand is uncertain, and more robust support may only result in a limited boost," it added.

Persons: Brent, WTI Organizations: Brent, West Texas, Energy, Administration, of, Petroleum, International Energy Agency, ICE, Citi Locations: San Joaquin Valley, McKittrick , California, OPEC, Israel, Iran

☆ Oil eases though investors wary over potential Mideast supply disruption
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +2 min

Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures fell 39 cents, or 0.5%, to $79.01 a barrel by 0152 GMT. "Oil prices are likely to hover around the current 200-day average levels, with the primary concern being whether Israel will retaliate against Iranian oil facilities," he said. Crude benchmarks spiked this month after Iran launched more than 180 missiles against Israel on Oct. 1, raising the prospect of retaliation against Iranian oil facilities. Israel has yet to respond, and crude benchmarks have eased and remained relatively flat through the week.

Persons: Hurricane Milton, Hiroyuki Kikukawa, Brent, WTI, Yoav Gallant Organizations: . West Texas, NS, Nissan Securities, Israeli, Hezbollah, Reuters, National Oil Corporation Locations: Norway, Brent, United States, Hurricane, Florida, Israel, Iran, Lebanon, Hamas, Gaza, Yemen, Beirut, Gulf, Washington

☆ Oil pares gains after strongest weekly rise in over a year
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +2 min

Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the Middle East. "However, the oil market will likely continue to face upside pressure due to fears of Israel's retaliation response to Iran. Despite the rally in oil prices last week, the impact of this conflict on oil supply will be relatively small, said ANZ Research in a Monday client note. "We see a direct attack on Iran's oil facilities as the least likely response among Israel's options. "Moreover, we have seen a diminished impact of geopolitical events on oil supply.

Persons: Brent, Tina Teng Organizations: Brent, . West Texas, ANZ Research, OPEC Locations: Iran, Israel, Lebanon, Gaza, Haifa, Russia, Kazakhstan, OPEC

☆ Charts indicate a near-term rally in energy stocks will continue. How to play it
▼ + stars: | 2024-10-07 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: XOM, Katie Stockton Organizations: XLE, Exxon Mobil, bbl, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

Banks up : Financials were also strong Friday, with Wells Fargo and Morgan Stanley our top performers on the session. Beer boss : Shares of Club stock Constellation Brands were bouncing Friday, one day after a steep post-earnings slide . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, WTI, Prices, Banks, Wells, Morgan Stanley, Wells Fargo, Jim, Goldman Sachs, Beer, Bill Newlands, Newlands, Jim Cramer's Organizations: CNBC, ., Fed, West Texas, Drug Administration, Centers for Disease Control, National Institutes of Health, NEC, Club, Abbott Laboratories, Constellation Brands, Modelo, Constellation, Morning, Costco, Jim Cramer's Charitable Locations: U.S, Israel, Mexico, Wells

☆ How to trade the jump in oil and energy stocks using options
▼ + stars: | 2024-10-04 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Crude oil is nearly $10 higher since October officially kicked off. I want to use the 2024 lagging Energy Select Sector SPDR ETF (XLE) as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran's crude and energy facilities. However, I believe that would not be the main driver to push crude higher short-term, in would be the fearful reaction of this war spreading outside the Middle East region. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: Traders, CNBC, NBC UNIVERSAL Locations: Israel, East, XLE

☆ Iran readying 'imminent' ballistic missile attack against Israel, U.S. official tells NBC News
▼ + stars: | 2024-10-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The United States has seen indications that Iran is preparing to "imminently" launch a ballistic missile attack on Israel on the heels of Israel's ground incursion into south Lebanon, a senior White House official told NBC News on Tuesday,The White House official warned that any direct attack on Israel by Iran "will carry severe consequences for Iran." "We are actively supporting defensive preparations to defend Israel against this attack," the official said. Iran's suspected planned attack came as Israeli ground forces invaded south Lebanon as part of an attack on Hezbollah, the militant group backed by Iran. The number of Israeli troops who have entered Lebanon is in "the low hundreds," an Israeli official told NBC News. In April, Iran launched an attack on Israel that included more than 300 drones and ballistic missiles after two top Iranian commanders were killed by an Israeli airstrike in Syria.

Persons: Iran's, Hassan Nasrallah Organizations: White House, NBC, White, Israel, Embassy, NBC News, Dow Jones, West Texas Locations: States, Iran, Israel, Lebanon, U.S, Jerusalem, Beirut, Syria

☆ Israeli forces launch ground offensive in Lebanon as markets fear escalation
▼ + stars: | 2024-10-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

NEBATIEH, LEBANON - SEPTEMBER 28: Smoke rises after Israeli attacks over Shebaa town of Nabatieh province on September 28, 2024. The Israeli air and artillery forces are supporting the offensive, the IDF said. Hezbollah said that claims that Israel had entered Lebanon are "false," reporting no "direct ground clashes," according to a Google-translated statement. Historically sensitive to geopolitical tremors, oil prices have resisted long-term spikes, reined in by the specter of waning global demand and potential supply increases. On its own, this escalation would point to higher oil prices and inflation.

Persons: Ramiz Dallah, Jalaa Marey, Hassan Nasrallah, Yoav Gallant, Lloyd Austin, Israel, Amir Yaron, specter Organizations: Getty Images, Anadolu, Getty, Israel, Israel's Defense Forces, White House, NBC, Brent, Afp, Jewish, Palestinian, Hamas, Israeli, U.S, United Nations, Reuters, Capital, Gulf Cooperation Council Locations: NEBATIEH, LEBANON, Shebaa, Nabatieh, Anadolu, Iran, Lebanon, Israel, London, Galilee, Gaza, Lebanese, Beirut's, U.S, Saudi Arabia

☆ China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now
▼ + stars: | 2024-10-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's slowing crude demand growth and economic struggles are dampening oil market sentiment. Global benchmark Brent crude oil futures were up 0.17% to $71.82 per barrel at 2.14 a.m. This would be a big shift in policy, since Saudi Arabia has been leading OPEC and the group's allies, including Russia, in maintaining oil supply cuts since late 2022. AdvertisementDespite the downside pressure on oil prices, things could change quickly if geopolitical uncertainty rises further in the Middle East. The US may also provide some support to the market as crude oil inventories hit a two-and-a-half year low as of September 20, the latest data available.

Persons: Israel, —, Henning Gloystein, Xi Jinping, Brent, Naeem Aslam, Aslam Organizations: Service, Israel, Brent, Benchmark, Texas, Eurasia Group, Beijing, BMI, Financial Times, London Locations: Lebanon, Brent, China, Saudi Arabia, Russia

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