Oil Prices Hit Highest Levels Since 2008 on Supply Fears
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/14/2026
- S&P 500, Dow futures dip as big banks' earnings roll in ahead of CPI data; IBM slides
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- SK Hynix’s record plunge drags down global chip stocks
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
- Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
- IBM misses Q2 targets as mainframe and software sales disappoint
- Goldman Sachs Upgrades NIO (NIO) to Buy
- Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
- BofA Securities on AppLovin: 'Current valuation appears reasonable'
- YPF Energía Eléctrica S.A. files for proposed NYSE IPO
Oil Spikes Higher on Potential Russian Import Ban
March 7, 2022 6:32 AM ESTOil is spiking higher this morning on three main headlines:
The Biden administration is considering coordinating a plan with Europe to ban Russian oil importsThe U.S. and Venezuela made little progress in talks to ease sanctionsRussia and China are putting fresh... MoreU.S., Venezuela discuss easing of sanctions, make little progress -sources
March 6, 2022 6:51 PM ESTBy Marianna Parraga, Vivian Sequera, Matt Spetalnick and Diego Oré
CARACAS/WASHINGTON (Reuters) -U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies.
Both sides used Saturday's meeting in Caracas to present what one of the sources described as "maximalist" demands, reflecting longtime tensions between the Western Hemisphere's main power and one of its biggest ideological foes.
... More