With around a fifth of the world’s oil travelling through Strait of Hormuz, the most recent incident there has raised new concerns about global oil supplies.
Stocks may be having a hard time of it this year, but oil is faring better.
Opec has joined forces with Russia to mop up much of the oil market glut by agreeing to curtail production.
US oil production eclipsed ten million barrels per day last December, and has nearly caught up with the record set during the Texas oil boom 47 years ago.
The price of oil has now reached $70 a barrel for the first time since early 2015, and is still rising. But unless there is a serious supply disruption, it’s unlikely to go much higher.
The oil price has made a steady recovery since it crashed in 2014. But that could have far reaching consequences for equity markets, says John Stepek.
Raw-materials prices rose sharply in 2017 – and they have made a strong start to 2018, too.
The price of Brent crude hit a two-year high yesterday. John Stepek looks at what that might mean for the global economy – and for inflation in particular.
The members of Opec, the oil exporters’ cartel, agreed to “extend-and-maybe-amend” their output deal.
Oil is in a bull market, says Dominic Frisby. And in any bull market, you want to be invested. Here, he picks the best ways to buy in.
The desert kingdom is in the throes of radical upheaval – its leader wants to follow Facebook’s example, and “move fast and break things”. Investors should be wary, says John Stepek.