Jonah Peck
Energy Correspondent
Jonah Peck covers energy and commodities for Yield Update. He reports on oil and other raw-material markets, and on how swings in those prices ripple through to businesses and consumers.
Stories
Bahrain Says It Intercepted Iranian Attacks; Brent Last Settled at $95.84 After IEA Surplus Report
Iran's Revolutionary Guards claimed a drone strike on a U.S. radar in Bahrain, which was not immediately confirmed. Brent settled Friday at $95.84 a barrel after the IEA said the oil market had returned to surplus.
Brent Settles at $95.84 and Gold at $3,886.30 After Weekly Losses for Both
Brent and WTI each lost about 2.5 percent over the week, and gold fell after touching a 13-month low on Thursday. The national average for regular gasoline dropped below $4 a gallon.
Brent Settles at $95.82 After 3.3 Percent Gain; COMEX Gold Falls Below $3,900
Brent and WTI crude rose on Thursday but were still down about 2.5 percent for the week, Reuters reported. December gold settled at $3,885.30 an ounce, its third straight decline.
Brent Settles at $92.76 After Iran Remarks as Spot Gold Slips Below $4,000
Brent crude rose $1.27 a barrel on Wednesday after Iran's security chief spoke on enriched nuclear material. Spot gold fell 1.1 percent to $3,986.79 an ounce in afternoon trading, and December gold futures settled at $4,000.50.
Brent Settles at $91.49, Its Lowest Since August, as Gold Slides 2.6 Percent
Brent crude for January fell $1.08 to $91.49 a barrel on Tuesday and WTI for December fell 81 cents to $86.04, both the lowest settlements since Aug. 31. Natural gas was the only energy contract to rise.
Oil Slips Below Friday's Settlement as Trump Calls New Iran Strikes 'Highly Unlikely'
Brent crude was down 75 cents at $97.57 a barrel by 10:11 GMT on Monday, extending a week in which the benchmark fell about 16 percent. Ships were reported hit near the Strait of Hormuz over the weekend.
- MarketsExplainer
Brent and WTI: Why Oil Has Two Prices and What a Settlement Means
Brent settled at $98.32 a barrel on Friday and West Texas Intermediate at $90.83. Here is what each benchmark measures, how a futures settlement works and why the two rarely match.
Brent Settles at $94.62 After an 8.7% Drop on the Vote, Then Firms
Both crude benchmarks settled Wednesday at their lowest since August 31 after Democrats won Congress. Brent recovered toward $97 on Thursday. The latest posted Cushing spot price is for November 3.
West Texas Spot Is $99.64, and the Draw Is Another Week
The Cushing WTI spot price was $99.64 a barrel on November 3, down $0.42 from November 2. The EIA summary for the week ending October 30 reports a 0.9 million barrel decline in commercial crude stocks, to 409.8 million.
The Latest WTI Print Is Still October 27
The latest posted Cushing spot price for West Texas Intermediate is $103.37 a barrel, dated October 27.
The WTI Spot Slips to $103.37
The Cushing crude spot price was $103.37 a barrel on October 27, from $105.25 the day before.
- MarketsAnalysis
Energy Is Not a Sidebar
Fuel is a price in the inflation basket and a cost in almost every other business. It does not belong in a box at the bottom.
- MarketsExplainer
Inventories Sit Between the Well and the Price
A spot quote does not describe the tanks. The tanks are a separate release.
- MarketsExplainer
Oil Is a Price and a Cost
The spot quote is a market. The heating bill and the freight invoice are what the quote becomes later.