The Marked Chart Wire · Energy
Oil
Brent crude hits $116.72 on Middle East tensions
The benchmark oil contract rose over three percent to $116.72 per barrel. This marks the highest price since late April as regional conflicts continue.
More Energy news
Oil
Crude passes $112 amid rising Middle East conflict fears
Brent crude climbed more than 3 percent to above $112 a barrel as concerns over a broader Middle East war increased.
Nuclear Energy
Rolls-Royce SMR secures deal for UK nuclear site development
The company signed an agreement with Great British Energy, Nuclear to start building advanced fission units at the Wylfa location.
Oil Prices
Major oil firms reach record highs on crude rally
Shares of Chevron, ExxonMobil, Shell, and ConocoPhillips hit all-time highs as rising crude oil prices continue to drive gains ahead of earnings reports.
Power Demand
US power demand expected to rise 20 percent by 2030
Electricity consumption in the United States is projected to increase by 20 percent by 2030. The growth is attributed to AI data centers, electrification, and expanding manufacturing.
Vaca Muerta
Chevron brings Permian methods to Argentine shale fields
The energy firm is adapting techniques from the US Permian Basin to boost production in the Vaca Muerta formation in Argentina.
Oil Prices
Oil prices jump as WTI and Brent reach new highs
West Texas Intermediate crude rose 3.77 percent to $103.22 a barrel, while Brent crude gained 2.95 percent to $116.51. The United States Oil Fund ETF climbed 3.87 percent to $168.80, reaching a 52-week high.
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