Oil prices rise after attacks on tankers near the Strait of Hormuz
Brent crude rose sharply on Wednesday after a series of attacks on fossil fuel tankers near the Strait of Hormuz disrupted traffic through one of the world's most important energy routes. The benchmark price climbed 5% to more than $78 a barrel, its steepest increase in nearly two months. The move came after attacks on at least three tankers within 48 hours, according to the supplied report.The incidents took place as vessels were transiting the narrow waterway between Iran and Oman, which is central to global oil and gas shipments. One of the targeted vessels was carrying about 8 million... [Continue Reading]
360LiveNews | 08 Jul 2026 17:00 LONDON
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Europe closes lower as oil spikes, metals slide and rate-sensitive assets wobble
Executive summary: European equities ended the session under pressure, with the CAC 40 and Euro Stoxx 50 leading losses while the FTSE 100 held close to flat. The sharpest cross-asset move was in Brent crude, which surged more than 11%, reinforcing inflation concerns and helping explain weakness in gold, silver, platinum and autos. FX was comparatively calm, with sterling and the euro firmer against the dollar. [Continue Reading]
360LiveNews Markets Intelligence | 08 Jul 2026 16:45 LONDON
Europe opens mixed as oil spikes, FTSE and DAX climb, and autos lag on supply shock fears
Executive summary: European markets opened with a split tone, as the FTSE 100 and DAX advanced while the Euro Stoxx 50 and CAC 40 slipped. The biggest cross-asset move was in Brent crude, which jumped sharply, reinforcing inflation and margin concerns across energy-intensive sectors and helping explain weakness in global autos. Gold, silver and platinum also firmed, while the euro and pound gained modestly against the dollar. [Continue Reading]
360LiveNews Markets Intelligence | 08 Jul 2026 08:15 LONDON
Europe closes higher as metals, energy and gold lead a broad risk-on session
Executive summary: European equities finished firmly higher, led by Germany’s DAX and the FTSE 100, while commodities tied to industrial demand and inflation hedging outperformed. Palladium and platinum posted the biggest gains, Brent crude advanced, and gold extended its rally above $4,150. Autos were the clear laggard, suggesting the market is still rewarding commodity exposure over cyclical manufacturing names. [Continue Reading]
360LiveNews Markets Intelligence | 07 Jul 2026 16:45 LONDON
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Europe opens sharply higher as DAX leads broad risk rally, metals and energy extend gains
Executive summary: European markets opened firmly higher, with Germany’s DAX surging more than 3% and the FTSE 100, CAC 40 and Euro Stoxx 50 all advancing. The move was accompanied by strong gains in precious metals, a firmer Brent crude price and a softer dollar against the euro and sterling. The opening tone points to broad risk appetite, with investors also rotating into commodities and cyclicals. [Continue Reading]
360LiveNews Markets Intelligence | 07 Jul 2026 08:15 LONDON
Europe Opens Higher as DAX Surges, Precious Metals Rally and Brent Slips
Executive summary: European equities opened firmly higher, led by a sharp jump in Germany’s DAX and broad gains across the FTSE 100, CAC 40 and Euro Stoxx 50. Precious metals extended a powerful rally, while Brent crude and natural gas eased. FX moves were modest, with sterling firmer against the dollar and the euro little changed. [Continue Reading]
360LiveNews Markets Intelligence | 06 Jul 2026 08:15 LONDON
OPEC+ agrees to raise oil output again from August as prices ease
Seven OPEC+ members have agreed to raise oil production by 188,000 barrels per day from August, extending a series of monthly increases as the group continues to unwind earlier cuts. The decision was taken after a virtual meeting to review global market conditions and the outlook for demand. It is the fifth consecutive monthly increase announced by the same group of producers.The members involved are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. In a statement, the group said it would continue to monitor market conditions closely and keep full flexibility to increase, pause or reverse the phase-out of... [Continue Reading]
360LiveNews | 06 Jul 2026 05:04 LONDON
