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Treasury Secretary Scott Bessent dismisses the idea of intervening in oil futures.

Treasury Secretary Scott Bessent dismisses the idea of intervening in oil futures.

Treasury Secretary Scott Bessent appeared on “Morning with Maria” to talk about various pressing issues, including the Iran conflict, soaring oil prices, and the overall uncertainty in the markets, particularly regarding the Federal Reserve and Jerome Powell’s future role. He emphasized that his department would not interfere with the oil futures market, despite the U.S. […]

Stock futures decline after Dow reaches new low for 2026: Latest updates

Stock futures decline after Dow reaches new low for 2026: Latest updates

Market Update: U.S. Stock Futures Dip Amid Inflation Concerns As the trading session began on March 18, 2026, traders were busy on the floor of the New York Stock Exchange, reacting to the latest developments in the stock market. In the futures market, the Dow Jones Industrial Average dropped to a new low, reflecting growing […]

Futures Market Misinterprets the Hormuz Oil Shock – Today’s Crude Oil Prices

Futures Market Misinterprets the Hormuz Oil Shock - Today's Crude Oil Prices

Oil Market Disruptions from the Strait of Hormuz Closure The paper oil futures market seems to be underestimating the significant disruptions caused by the closure of the Strait of Hormuz, which is impacting global crude oil and fuel supplies. Earlier this week, crude oil futures briefly surged to $119 per barrel but have since dropped […]