Crude Oil Futures Steady After Selloff -- Market Talk
Crude Oil Sell-off Eases Amid Political Calls in Israel to Strike Iranian Oil Fields
The International Energy Agency predicts that fossil fuel demand has peaked, and global energy prices are entering a downward cycle.
The International Energy Agency predicts in its annual long-term report that as the global energy consumer pattern changes, we are entering an era of lower energy prices.
Middle East tensions cool down combined with IEA warning of oversupply, oil prices plummeted by 5%.
There are reports that Israel will not strike Iranian oil facilities, coupled with the International Energy Agency (IEA) warning of oil oversupply in its latest monthly report. Oil prices plummeted by over 5% during the trading day. The sharp drop in oil prices has somewhat dampened market expectations for inflation to rise again, leading to a rise in US Treasury yields on that day, with the yield on the 10-year US Treasury falling by nearly 7 basis points.
Energy Slides With Oil - Energy Roundup
Oil Stocks Lead European Equities Traded in the US as American Depositary Receipts Sharply Lower in Tuesday Trading