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OIL (iPath Pure Beta Crude Oil ETN) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Brent crude oil prices hit $100 a barrel on Thursday for the first time since May, after reports that Yemen's Iran-backed Houthis struck two Saudi oil tankers in the Red Sea. The attacks compromised a critical alternative route used by vessels bypassing the blockaded Strait of Hormuz, according to CNN.
Deepening conflict in the Middle East has sent oil prices surging and Treasury yields climbing to levels that have equity investors on edge, raising fears that pain so far largely contained in the bond market could soon spill over into U.S. stocks.
The market for Light Sweet Crude Oil has pulled back just a touch during the trading session here on Friday, as we may have gotten a bit overdone.
The absence of fresh overnight escalations between the U.S. and Iran halted the global oil benchmark's upward march, as investors hope leaders seek an off-ramp.
Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation alongside stagnant economic growth.
LNG supply disruptions and Middle East tensions keep energy markets on edge. Explore the latest outlook for WTI, Brent and natural gas.
As the global benchmark topped $100, stocks slumped and Treasury yields hit their highest levels of President Trump's second term.
Oil futures edged lower on likely technical correction after Brent futures settled above $100 per barrel overnight for the first time in two months.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.