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Daily Market Digest (May. 11, 2026) đ¤ AI-Powered
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The total number of active drilling rigs for oil and gas in the United States rose this week, according to âĻ
Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are âĻ
Indiaâs largest private refiner, Reliance Industries, is sounding the market for buying Russian crude, an anonymous source told Bloomberg on âĻ
The national average price of gasoline in the United States has jumped to the highest level seen during either of âĻ
Brent tops $90 as the Strait of Hormuz closure halts Gulf oil flows and Iraq and Kuwait begin cutting output, âĻ
The United States produces more crude oil than any country in history, pumping more than 13.5 million barrels per day. âĻ
Oil prices could soar to as much as $150 per barrel within two to three weeks if the critical Strait âĻ
Europeâs benchmark natural gas prices were on track early on Friday for a 50% weekly jumpâthe biggest one-week surge since âĻ
Oil prices surged again on Friday, putting crude on track for its biggest weekly gain in years as disruptions to âĻ
A growing number of LNG cargoes that were initially en route to Europe have sharply diverted in the Atlantic toward âĻ
The surge in oil and LNG prices as a result of the Middle East war is testing the resilience of âĻ
The price of fuel oil has surged this week as the stalled tanker traffic at the Strait of Hormuz is âĻ
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