Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to change the fundamental contours of the global energy markets to suit U.S. interests. Iran blockaded the Strait, the main route for about a fifth of … Read more
The surge in oil prices and ongoing volatility have netted major gains in a corner of the market that rarely captures headlines: quantitative trend-following hedge funds. Quantitative trend-followers — also known as commodity trading advisors (CTAs) or managed futures funds — use complex machine-learning algorithms, statistical analysis and factor-based modelling to identify price trends across … Read more
A pedestrian walks past an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on March 23, 2026. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to open mixed Friday after a rotation out of chip stocks on Wall Street lifted the Dow Jones Industrial … Read more
Nearly 40 ships previously stranded in the Persian Gulf have exited through the Strait of Hormuz over the past three weeks as vessels quietly coordinate with the U.S. Navy, according to Lloyd’s List Intelligence. Some shipowners are submitting their transit plans to the Naval Cooperation and Guidance for Shipping group in Bahrain, said Richard Meade, editor-in-chief … Read more
Oil prices dropped about 3% Thursday, on a report that President Donald Trump is reluctant to resume full-scare war with Iran despite recent clashes. West Texas Intermediate futures declined 3.1% to close at $93.04 per barrel. Brent futures, the international benchmark, lost 2.8% to settle at $95.03 per barrel. Trump told his aides that the … Read more
U.S. President Donald Trump speaks during an event in the Oval Office of the White House on June 3, 2026 in Washington, DC. Kevin Dietsch | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to the latest edition of the Daily Open newsletter. Traders in Asia are evaluating another round … Read more
FUYANG, CHINA – MARCH 23, 2026 – Stock investors are following the stock market situation at a securities trading hall in Fuyang, Anhui, China on March 23, 2026. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images Asia-Pacific markets opened lower Thursday, tracking Wall Street losses, as tensions … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters U.S. Treasury yields moved higher on Wednesday after the latest ADP report came in stronger than expected and as oil prices saw gains. The yield on the 10-year Treasury note — … Read more
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose Wednesday as investors weighed uncertainty over U.S.-Iran talks with the two countries launching fresh strikes Tuesday, even as President Donald Trump said negotiations with Tehran were ongoing. West Texas Intermediate futures for July delivery gained over 1.3% to $94.99, … Read more
A stock broker at the Prudential Brokerage office follows the Hang Seng Index results in Hong Kong in March 2020. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets were set to open mixed Wednesday as investors continue to grapple with volatile oil prices, while uncertainty over negotiations between Iran and the U.S. to end … Read more