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US Oil Update: Futures Settle Lower With Iran-US Talks in Focus

Crude oil futures settled lower in after-hours trading on Friday as the US and Iranian delegations arrived in Islamabad for talks seen as crucial to the success of the ceasefire and the reopening of the Strait of Hormuz.Front-month West Texas Intermediate crude futures dropped by 2.29% to $95.63 per barrel, while Brent futures were down 1.63% to $94.36/bbl.US and Iranian negotiating teams arrived in Pakistan on Friday for peace talks, though Tehran insisted on measures it said needed to be addressed first, casting doubt on the weekend meetings."Two of the measures mutually agreed upon between the parties have yet to be implemented: a ceasefire in Lebanon and the release of Iran's blocked assets prior to the commencement of negotiations," Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a post on X on Friday.President Trump dispatched Vice President JD Vance, along with special envoy Steve Witkoff and son-in-law Jared Kushner, to Pakistan to meet with Iranian officials, after announcing a two-week ceasefire agreement earlier on Tuesday.On Friday, Trump said the only reason Iranians are alive "is to negotiate", while noting that the only leverage Tehran holds is its ability to create short-term pressure by blocking the Strait."The Iranians don't seem to realize they have no cards, other than a short-term extortion of the World by using International Waterways," Trump said in a social media post. "The only reason they are alive today is to negotiate!"ING analysts said while Trump struck an optimistic tone on resolving the six-week conflict, he threatened Tehran over charging fees in the Hormuz.Trump has expressed frustration with Iran's continued blockade of nearly total closure of traffic via the Hormuz despite a ceasefire deal that included an agreement to open it.On Thursday, the US President said that Iran should stop charging tolls to vessels transiting the Hormuz Strait, as traffic through the strategic waterway remains largely constrained.Iran is considering a shift in how transit fees are levied on vessels transiting the strategic waterway, with a proposal to mandate payments in its national currency, according to media reports.The latest shipping data shows that vessel activity through the Hormuz has increased slightly since the ceasefire took effect on Apr.8, but flows remain well below normal levels. MarineTraffic said 14 vessels crossed the Strait on Apr. 8-9, including nine crossings on 9 April.Over 130 million barrels of crude and condensate remain stranded across about 80 laden tankers, largely VLCCs, with key exporters including Saudi Arabia, Iraq and the UAE unable to move cargoes, Kpler strategists said in a note on Friday.On the supply front, Saudi Arabia said on Thursday that Iranian attacks on its energy infrastructure reduced the country's oil production capacity and East-West Pipeline throughput by about 600,000 barrels per day and 700,000 b/d, respectively.

Insider Trading155d ago

Carvana Insider Sold Shares Worth $1,285,570, According to a Recent SEC Filing

Thomas Taira, President, Special Projects, on April 08, 2026, sold 3,770 shares in Carvana (CVNA) for $1,285,570. Following the Form 4 filing with the SEC, Taira has control over a total of 58,564 Class A common shares of the company, with 58,564 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690820/000160788926000016/xslF345X05/wk-form4_1775857110.xml

$CVNA

Oil & Energy155d ago

India Reportedly Allows Iranian Oil Tankers to Dock Amid Supply Disruptions

India has reportedly allowed four Iranian oil tankers to dock, signaling a rare easing of restrictions for Iranian crude, according to multiple media reports.The shipping ministry granted permission for vessels carrying Iranian crude to berth at Sikka port following a request from Reliance Industries, according to reports.India, the world's third-largest oil importer, had halted Iranian crude purchases in 2019 under US pressure.The move follows a temporary US waiver issued last month permitting limited transactions involving Iranian oil at sea to help stabilize global prices.The exemption is set to expire on Apr. 19, creating urgency for importers seeking to secure alternative supplies during heightened geopolitical tensions.Iranian shipments are typically transported by vessels lacking standard insurance and certifications, requiring special government approval under Indian maritime regulations.The approved vessels include Aframax tanker Kaviz and very large crude carriers Lenore, Felicity, and Hedy, all of which are under US sanctions.Each supertanker can carry up to 2 million barrels of crude, offering significant potential volumes if the cargoes are processed.Tracking data showed some vessels positioned near Iran's Chabahar port in early April, while others recently loaded cargoes or exited the Gulf, the report said.Despite the approvals, it remains uncertain whether Reliance will refine the oil, as the company is assessing compliance with sanctions and domestic regulations.Separately, Indian Oil has already received Iranian crude via a sanctioned tanker, indicating limited resumption of flows under exceptional circumstances.India's Ministry of Ports, Shipping and Waterways and Reliance did not immediately respond to' request for comment.

Commodities155d ago

Outside Investors Add to Bullish Stance in Soybean Oil Futures, Options Markets, CFTC COT Says

Money managers remain bullish or net long in the soybean oil futures and options markets, according to the Commodities Futures Trading Commission's weekly Commitments of Traders Report.The weekly COT Report, as of the week ending Apr. 7, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 62,703 contracts. Producers, merchants, processors, and users are net short by 80,902 contracts, a bet that the market will go lower.The COT report showed that money managers are holding a net long position of 1,650 contracts in the D6 Renewable Identification Numbers Current Year futures and options markets, while producers, merchants, processors, and users are net long by 1,322 contracts.In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 3,590, while producers, merchants, processors, and users are net short by 2,599 contracts.For ethanol, money managers are net long the futures and options markets by 7,317 contracts. The producers, merchants, processors, and users are net short ethanol by 7,967 contracts.Money managers are net long the soybean oil futures and options by 150,682 contracts, after adding 10,686 longs and cutting 4,187 short positions from a week ago. The producers, merchants, processors, and users are net short by 273,778 contracts.Outside investors are net long the solar alternative energy credit market by 2,370 contracts, while the producers, merchants, processors, and users are net short by 8,345 contracts.Money managers are net short the Malaysian palm oil futures by 579 contracts.

Research155d ago

Research Alert: CFRA Keeps Buy Rating On Shares Of Abbvie Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price to $255 from $275, 15.8x our 2026 EPS view. This is above ABBV's 10-year historical forward P/E average of 12.0x, justified by the company's improving long-term growth prospects. We lower our 2026 EPS forecast to $14.02 from $14.29 as we adjust our Q1 EPS estimate to $2.63 from $3.05. The company disclosed a new IPR&D and milestone expense of $744M last week related to collaborations, licensing agreements, and asset acquisitions, which will dilute Q1 EPS. We keep our 2026 EPS estimate at $16.13. The company is expected to report Q1 results before market open on April 29, when we expect to get more color on Q1 performance and expectations for the remainder of 2026.

$ABBV

Research155d ago

Research Alert: CFRA Upgrades View On Pnr Shares From Buy To Strong Buy

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following a nearly 15% drop in shares YTD, we view shares as being attractively valued with a healthy margin of safety. We attribute the decline this year to ongoing weakness in residential markets (PNR's largest end-market exposure) and conservative guidance. PNR shares are trading below their historical multiple average and well below peers on a forward P/E (NTM) basis. We see headwinds as being more than priced in at this point, with upside in shares if residential markets enter even a modest recovery. Our upgrade is made in part due to indications that repair and remodeling investment is beginning to recover in U.S. markets, which bodes well for PNR's Pools business looking to Q1. Assuming residential markets remain roughly flat, we see new products and efficiency initiatives supporting PNR's earnings quality in 2026. We reiterate our 12-month target of $130, valuing shares at 22x (below peer average of ~24x) our 2027 EPS outlook of $5.92 (unchanged estimate; 2026 EPS of $5.40 is also unchanged).

$PNR

Commodities155d ago

US Natural Gas Update: Futures Ease on Mild Weather Outlook, Softer Demand

US natural gas futures edged lower in after-hours trading on Friday as forecasts for milder weather across much of the country weighed on heating demand expectations.The front-month Henry Hub contract and the continuous contract both slipped 0.64% to $2.653 per million British thermal units.Weather outlooks remained a key bearish driver. Forecaster Commodity Weather Group projected above-average temperatures across the eastern half of the US through Apr. 19, reducing late-season heating demand.Seasonal "shoulder period" conditions also pressured the physical market. The US Energy Information Administration said the Henry Hub spot price fell $0.19 to $2.80/MMBtu in the week ended Wednesday, down from $2.99/MMBtu the prior week, as broadly warmer temperatures kept consumption subdued.Demand indicators reflected the softer conditions. Lower-48 gas demand was estimated at 68.3 billion cubic feet per day on Friday, down 9.7% from a year earlier, according to Barchart, citing data from BNEF.On the supply side, production showed a modest day-over-day recovery to generally strong production levels. Output rose to 107.0 Bcf/d after falling earlier in the week from 108.6 Bcf/d to 106.6 Bcf/d, according to NRG Energy. Separate BNEF data cited by Barchart put Lower-48 dry gas production higher at 111.3 Bcf/d, up 3.9% year over year.LNG demand remained robust. Feedgas flows were near capacity at an estimated 18.9 Bcf/d, NRG said, reflecting a still-tight global supply-demand balance. However, export volumes eased slightly, with LNG vessels carrying 141 Bcf in the week ended Apr. 8 across 37 tankers, down 8 Bcf and 2 tankers from the previous week, according to EIA data.On Thursday, EIA reported a 50 Bcf net injection for the week ended Apr. 3, broadly in line with the 53 Bcf build in the same week last year but well above the five-year average injection of 12 Bcf. Total inventories stood 89 Bcf above year-ago levels and 87 Bcf higher than the five-year historical average.

Mining & Metals155d ago

TerraVest Industries Announcing Automatic Purchase Plan For Common Shares

$TVK.TO

Insider Trading155d ago

Airbnb Insider Sold Shares Worth $491,213, According to a Recent SEC Filing

Elinor Mertz, Chief Financial Officer, on April 08, 2026, sold 3,750 shares in Airbnb (ABNB) for $491,213. Following the Form 4 filing with the SEC, Mertz has control over a total of 394,359 Class A common shares of the company, with 394,359 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1559720/000119312526151415/xslF345X05/ownership.xml

$ABNB

Mining & Metals155d ago

Champion Iron Says Completed Acquisition of Norway's Rana Gruber ASA, At a Price of NOK 79 Per Share In Cash

$CIA.TO

Oil & Energy155d ago

European Refined Product Markets Tighten as ARA Inventories Diverge, Wood Mackenzie Says

Europe's refined fuels market is flashing mixed signals with crude stock swings in the Amsterdam-Rotterdam-Antwerp hub, increasingly steering prices and sentiment, Wood Mackenzie analysts said in a note on Friday.Crude oil inventories in ARA terminals surged sharply toward the end of March, reversing earlier declines, analysts said.Stocks stood at 46.6 million barrels for the week ending Feb. 27, placing them at four-year seasonal lows by mid-March. However, inventories rebounded by over 8 million barrels in the following weeks, reaching 54.7 mmbbls by month-end, the highest level for the same period in four years.In contrast, gasoline inventories moved in the opposite direction. After reaching 2.45 mmbbls in the week ending Mar. 6, stocks fell nearly 20% to about 2 mmbbls by the end of the month, marking a four-year seasonal low and pointing to tightening supply in the motor fuels segment.Middle distillates, including gasoil and jet fuel, showed comparatively modest fluctuations.Gasoil inventories declined through early March, hitting 3.44 mmbbls in the week ending Mar. 13, before recovering to 3.60 mmbbls by Mar. 27. Jet fuel stocks followed a similar pattern, rising from 860,000 barrels at the end of February to 930,000 barrels four weeks later.Analysts say part of the divergence across product markets reflects differences in crude slates processed by refineries. Lighter crude grades, such as those produced in the North Sea, typically yield higher volumes of gasoline. However, yields can vary significantly even within the same region.For instance, crude from Norway's Asgard field can produce about 41% gasoline, compared with less than 36% from the UK's Forties blend.The contrasting inventory trends underscore the need to closely monitor refinery inputs and regional stock levels, particularly in Europe, where ARA hub dynamics remain a key barometer of broader market conditions.

Mining & Metals155d ago

Kinross Recommending Shareholders Reject TRC Capital Investment's Below-Market "Mini-tender" Offer For Common Shares

$K.TO

US Markets155d ago

S&P 500 Snaps 7-Day Winning Streak as Wall Street Logs Back-to-Back Weekly Gains

The S&P 500 retreated Friday following a seven-day advance ahead of upcoming talks between the US and Iran, while Wall Street notched its second consecutive weekly gain.The index slipped 0.1% to 6,816.9, and the Dow Jones Industrial Average shed 0.6% to 47,916.6. The Nasdaq Composite rose 0.4% to 22,902.9, its eight consecutive day of gains.Most sectors ended in the red, led by consumer staples, while tech paced the gainers.This week, the Nasdaq rallied 4.7%, the S&P 500 advanced 3.6%, and the Dow climbed 3%."In another week of high drama, markets ended in a calmer fashion, awaiting this weekend's direct talks between the US and Iran in Islamabad around the 14-day ceasefire," said Douglas Porter, chief economist at BMO, said in a report.The focus shifts to Pakistan, where officials from Washington and Tehran are expected to meet on Saturday. The truce, which Pakistan helped broker, appeared to be holding so far, though there's uncertainty around the outcome of these talks.Fighting between Israel and Iran-backed Hezbollah continued in Lebanon, CNN reported Friday. Iran's parliament speaker, Mohammad Bagher Ghalibaf, said talks will begin only if there is a ceasefire in Lebanon and blocked Iranian assets are released.West Texas Intermediate crude oil was down 2.3% to $95.63 a barrel in Friday late-afternoon trade.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher, official data showed."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics said in a note.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, a survey by the University of Michigan showed.US Treasury yields were higher, with the 10-year rate last up 4.3 basis points at 4.32% and the two-year rate rising 4.1 basis points to 3.81%.In company news, ServiceNow (NOW) shares slumped 7.6%, among the worst performers on the S&P 500.The enterprise software company's competitive advantage may have been eroded amid growing evidence that workflow automation tasks can be automated by harnessing artificial intelligence models, UBS Securities said in a note. The brokerage downgraded its rating on the stock to neutral from buy and slashed its price target to $100 from $170.CoreWeave (CRWV) shares jumped nearly 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.Major tech names advanced, with Nvidia (NVDA) up 2.6%, the biggest gainer on the Dow, while Super Micro Computer (SMCI) jumped 8.8%, the best performer on the S&P 500. Broadcom (AVGO), Advanced Micro Devices (AMD), and Amazon.com (AMZN) also notched gains.Cloudflare (NET) shares tumbled nearly 14% amid an extended sell-off. The slump offers a buying opportunity, while concerns around Project Glasswing are "overblown" as the cloud-services company is seen benefitting from projected exponential growth in agentic artificial intelligence applications, Oppenheimer said Friday.Project Glasswing is a cross-industry coalition formed to "secure the world's most critical software," Anthropic said in a statement. The alliance, which will be using Anthropic's unreleased Claude Mythos frontier model, includes several big tech names including Amazon Web Services, Broadcom and Nvidia.Gold was down 0.6% at $4,790 per troy ounce, while silver rose 0.1% to $76.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$AVGO$CRWV$NET$NOW$NVDA$SMCI

Insider Trading155d ago

Dianthus Therapeutics Insider Sold Shares Worth $738,844, According to a Recent SEC Filing

Ryan Savitz, Executive Vice President, Chief Financial Officer & Chief Business Officer, on April 09, 2026, sold 8,224 shares in Dianthus Therapeutics (DNTH) for $738,844.SEC Filing:https://www.sec.gov/Archives/edgar/data/1690585/000199232426000006/xslF345X05/ownership.xml

$DNTH

Insider Trading155d ago

Hycroft Mining Holding Insider Bought Shares Worth $7,734,000, According to a Recent SEC Filing

Eric Sprott, 10% Owner, on April 09, 2026, executed a purchase for 200,000 shares in Hycroft Mining Holding (HYMC) for $7,734,000. Following the Form 4 filing with the SEC, Sprott has control over a total of 37,303,704 Class A common shares of the company, with 37,303,704 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1718405/000121390026042545/xslF345X05/ownership.xml

$HYMC

Equities155d ago

S&P 500 Posts Weekly Gain Ahead of Iran Peace Talks, Earnings

The Standard & Poor's 500 index rose 3.6% this week in a broad climb ahead of high-stakes peace talks between Iran and the US and the Q1 earnings reporting season.The S&P 500 ended the week at 6,816.89, its second positive week in a row. The index is up 4.4% for April, erasing much of March's 4.6% drop. It is down 0.4% for the year.A two-week ceasefire reached between the US and Iran early this week appeared to be holding as officials from Washington and Tehran were expected to meet on Saturday in Pakistan, which helped broker the ceasefire.The coming week also marks the unofficial start of the Q1 earnings reporting season.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, according to the University of Michigan's preliminary April survey. The survey was largely completed before the announcement of the two-week ceasefire.A report by the Bureau of Labor Statistics showed US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher. The data showed energy price growth jumped about 11% sequentially in March, led by a 21% surge in gasoline, accounting for nearly three quarters of the headline increase.Every sector other than energy rose this week. Communication services and consumer discretionary climbed 5.8% each, followed by a 4.8% gain in technology and a 4.7% advance in industrials. Materials were also strong, up 3.5%, while real estate and financials rose more than 2% each. Utilities, consumer staples and health care also edged higher.Amazon.com (AMZN) was the top performer in consumer discretionary, climbing 14%. The company said its Amazon Web Services' artificial intelligence revenue run rate was more than $15 billion in Q1 and "ascending rapidly." AWS has the potential to grow even faster, Amazon Chief Executive Andy Jassy said in a letter to shareholders.Paramount Skydance (PSKY) had the largest percentage increase in communication services, rising 12%. The company's $54 billion bridge loan backing its acquisition of Warner Bros. Discovery (WBD), provided by Bank of America (BAC), Citigroup (C), and Apollo Global Management (APO), has been sold down to wider group of banks and reduced to $49 billion, according a regulatory filing.Intel (INTC) led the advance in the technology sector, jumping 24%. Intel and Alphabet's (GOOG, GOOGL) Google expanded a multiyear agreement to develop artificial intelligence and cloud infrastructure using Xeon processors and custom infrastructure processing units. Intel's Xeon chips will continue to support Google Cloud systems across AI, inference and general computing workloads, the companies said.Energy, the lone sector in the red for the week, fell 4.1%.Phillips 66 (PSX) led the energy sector's drop, sliding 9.6%, as the company said its Q1 results are expected to be weighed down by $900 million in mark-to-market losses tied to surging commodity prices, according to preliminary data. The jump in commodity prices also led to a net outflow of almost $3 billion of cash collateral on derivative positions, Phillips 66 said in a regulatory filing.Earnings reports are expected next week from many large companies, including Goldman Sachs Group (GS), JPMorgan Chase (JPM), Johnson & Johnson (JNJ), Wells Fargo (WFC), Citigroup (C), BlackRock (BLK), Bank of America (BAC), Morgan Stanley (MS), Progressive (PGR), Netflix (NFLX), Pepsico (PEP), Abbott Laboratories (ABT) and Charles Schwab (SCHW).Economic data will include the March producer price index as well as March existing home sales, import prices, industrial production and capacity utilization, among other reports.

Dow JonesNasdaq CompositeS&P 500$AMZN$INTC$PSKY$PSX

Oil & Energy155d ago

US Senators Urge Probe Into Oil Trading Ahead of Trump Iran Updates

Two US senators on Friday urged the Commodity Futures Trading Commission to investigate what they described as suspicious trading in crude futures ahead of President Trump's updates on the Middle East conflict on two different occasions in March and April.The lawmakers, in a letter addressed to CFTC Chairman Michael S. Selig, said large, well-timed bets were placed shortly before two major policy statements on Mar. 23 and Apr. 7, 2026, potentially indicating misuse of non-public government information."This pattern raises serious questions about whether there has been recurring misappropriation ofmaterial nonpublic government information and about the extent to which individuals inside oroutside the government have acted on such information," the lawmakers said in a letter.The letter said that traders placed about $950 million bet on falling oil prices on Apr. 7, hours before Trump announced a two-week ceasefire with Iran. The announcement sent oil prices plunging by about 15%.The lawmakers said oil futures volume surged on Mar. 23 just before Trump announced talks to de-escalate the war, a move that lowered crude prices and boosted stock indexes.Reports indicate unidentified traders on the New York Mercantile Exchange made a $500 million "oil bet" minutes before the announcement, the letter said."There was no public news preceding the announcement to explain the price movement," the Senators said.The lawmakers also pointed to what they described as a broader pattern of market activity anticipating major administration decisions.The letter cited a Reuters review identifying other instances involving equity options and prediction markets where traders appeared to profit ahead of policy announcements.It also referred to reported gains tied to an April 2025 tariff pause announcement, as well as bets on political developments in Venezuela and on potential US military action against Iran earlier this year.The Senators asked whether the CFTC's Division of Enforcement had opened investigations into the March and April oil trades, and, if not, why not. The lawmakers also requested details on the agency's surveillance mechanisms and coordination with exchanges to detect unusual trading patterns.

Insider Trading155d ago

Tamboran Resources Insider Bought Shares Worth $251,774, According to a Recent SEC Filing

Scott D Sheffield, Director, on April 08, 2026, executed a purchase for 6,990 shares in Tamboran Resources (TBN) for $251,774. Following the Form 4 filing with the SEC, Sheffield has control over a total of 292,430 common shares of the company, with 292,430 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997652/000119312526151346/xslF345X05/ownership.xml

$TBN

Insider Trading155d ago

Palo Alto Networks Insider Sold Shares Worth $272,459, According to a Recent SEC Filing

John P. Key, Director, on April 08, 2026, sold 1,572 shares in Palo Alto Networks (PANW) for $272,459. Following the Form 4 filing with the SEC, Key has control over a total of 20,000 common shares of the company, with 20,000 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327567/000177245826000002/xslF345X05/ownership.xml

$PANW

Wire155d ago

Children's Place Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Shares Drop After Hours

Children's Place (PLCE) reported a fiscal Q4 adjusted loss late Friday of $1.86 per diluted share, widening from the loss of $0.75 a year earlier.One analyst polled by FactSet expected a loss of $0.96.Revenue in the three months ended Jan. 31 fell to $329.2 million from $408.6 million a year earlier.One analyst surveyed by FactSet expected $358.3 million.Children's Place shares fell 19% in after-hours trading.

$PLCE

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Equities155d ago

S&P 500 Posts Weekly Gain Ahead of Iran Peace Talks, Earnings

Dow JonesNasdaq CompositeS&P 500$AMZN$INTC$PSKY$PSX