SlavkoSereda/iStock via Getty Images Crude oil futures finished nearly unchanged Wednesday, as traders awaited more clarity about a potential second round of U.S.-Iran negotiations, a possible extension of the ceasefire, and the reopening of the Strait of Hormuz. Both sides reportedly have agreed in principle to meet, although no firm decision has been made on a date and venue. The two sides also ...
SlavkoSereda/iStock via Getty Images Crude oil futures finished nearly unchanged Wednesday, as traders awaited more clarity about a potential second round of U.S.-Iran negotiations, a possible extension of the ceasefire, and the reopening of the Strait of Hormuz. Both sides reportedly have agreed in principle to meet, although no firm decision has been made on a date and venue. The two sides also reportedly are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, and Iran is said to have proposed allowing ships to sail freely through the Omani side of the Strait of Hormuz without risk of attack. The U.S. military said its blockade of shipping leaving Iranian ports has completely halted trade going in and out of the country by sea. Expectations for further talks have been bearish for oil, while U.S. inventory data for last week was on the bullish side, with draws in crude, gasoline, and diesel stocks. The Energy Information Administration reported U.S. commercial crude oil stocks fell by 900K barrels last week after seven straight weeks of increases, while releases from the Strategic Petroleum Reserve rose to 4.1M barrels. U.S. crude exports rose by 1.1M bbl/day to 5.2M bbl/day, and imports fell by 1M bbl/day, according to the EIA. "We have finally started to see some proper oil stock draws, including SPR in the mix," Neil Crosby of Sparta Commodities said in a note. "It makes perfect sense that U.S. oil is being drawn upon globally, but U.S. prices will eventually, perhaps quickly, rise to defend their own inventory." Front-month Nymex crude ( CL1:COM ) for May delivery added one cent to $91.29/bbl, and front-month Brent crude ( CO1:COM ) for June delivery edged up 0.1% to $94.93/bbl. U.S. natural gas futures ( NG1:COM ) edged higher to snap a five-session losing streak, with the front-month Nymex May contract settling up 0.4% at $2.61/MMBtu. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI )...
At Holdings Channel, we have reviewed the latest batch of the 53 most recent 13F filings for the 03/31/2026 reporting period, and noticed that Procter & Gamble Company (Symbol: PG) was held by 34 of these funds. When hedge fund managers appear to be thinking alike, we find i
At Holdings Channel, we have reviewed the latest batch of the 53 most recent 13F filings for the 03/31/2026 reporting period, and noticed that Procter & Gamble Company (Symbol: PG) was held by 34 of these funds. When hedge fund managers appear to be thinking alike, we find i
In trading on Wednesday, shares of Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.60 on the day. This compares t
In trading on Wednesday, shares of Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.60 on the day. This compares t
A number of stocks jumped in the afternoon session after sentiment improved following significant moves from heavyweights like Meta Platforms, which extended its partnership with Broadcom to deploy custom AI chips.
A number of stocks jumped in the afternoon session after sentiment improved following significant moves from heavyweights like Meta Platforms, which extended its partnership with Broadcom to deploy custom AI chips.