First Trust RBA Deglobalization ETF (DGLO) News

Tanker freight rates have surged to 4.5 times the baseline benchmark, with the war costs of Middle East conflicts being factored into the price of every barrel of crude oil.

This week, freight rates for very large crude carriers (VLCCs) on the Gulf of Oman-to-China route surged to Worldscale 450 points (equivalent to 4.5 times the benchmark rate), translating to approximately $11.50 per barrel and setting a record high since the inception of this route. Meanwhile, ongoing military exchanges between the United States and Iran continue to constrain available shipping capacity in the Gulf, while VLCC freight rates on the West Africa-to-Asia route have also hit historic highs.

wallstreetcnSep 12 05:30

As net long positions in WTI crude oil hit a 20-week high, the Trump administration is considering invoking the Defense Production Act to expand refining capacity.

Executives at refining companies stated that new refineries require several years to become operational, leading them to prioritize improving the efficiency of existing facilities. Currently, the average price of diesel in the United States has surpassed $6 per gallon for the first time, while gasoline prices remain elevated, and refinery utilization rates have reached approximately 98%. According to data from the CFTC, as of the week ending September 8, net long positions in NYMEX WTI crude oil hit a 20-week high, and net long positions in gasoline reached a nine-month high.

wallstreetcnSep 12 05:02

Houthi forces have nearly complete control of the Bab el-Mandeb Strait! A dual blockade is strangling Saudi Arabia's export lifeline.

The Houthi forces have not only seized all strategic islands in the Red Sea but also paralyzed Saudi Arabia’s last crude oil export corridor. Can isolated Riyadh weather this shock?

Golden10 DataSep 11 22:19

IEA warns that the war in Iran has dragged oil demand to its largest post-pandemic decline, cautioning that further weakening is likely in the coming months.

The ongoing conflict in Iran continues to weigh on global oil demand, with this year's decline marking the largest since the onset of the pandemic, and further contraction is likely in the coming months.

wallstreetcnSep 11 22:02

Houthi forces seized a key Red Sea port, escalating the conflict with Saudi Arabia, while reports emerged that Iran has resumed ballistic missile production, sending crude oil prices surging.

Officers of the Yemeni government forces stated that on Thursday, Houthi rebels captured Mokha, a strategic port city in Taiz Province in southwestern Yemen and a key location on the Red Sea. On the same day, the Houthis claimed that Saudi Arabia had launched 64 airstrikes across multiple locations in Yemen within a 24-hour period. They asserted that navigation in the Red Sea remains "unthreatened" and described their military operations as defensive. Shipping industry experts noted that the capture of Mokha allows the Houthis to advance further south, effectively achieving "near-total control" of the Bab el-Mandeb Strait. The loss of Mokha will "undoubtedly impact maritime security in the region."

wallstreetcnSep 11 04:56

Devon, Williams and Targa Lead New Top Picks at Stifel on Higher Commodity Prices, Tighter Supply

Seeking AlphaSep 11 03:53

HSBC: Global commodities enter "super bull market" amid confluence of Iran war, Russia-Ukraine conflict, and El Niño

HSBC believes that the market has entered a phase of "super squeeze," with commodity prices likely to remain elevated for an extended period.

wallstreetcnSep 10 21:34

Leonardo DRS Receives $96M Contracts To Offer Critical Electronics Hardware For MK 41 Vertical Launching System

Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded contracts totaling $96 million to provide critical electronics hardware for the MK 41 Vertical Launching System (VLS). The

BenzingaSep 10 20:34

Seth Klarman's Hedge Fund Slashed This Stock by 54% — Even as It Scores Highly on Growth and Momentum

Seth Klarman's Baupost Group hedge fund cut its stake in Wesco International Inc. (NYSE:WCC) by more than half in the second quarter, even though the stock carries some of the strongest scores in

BenzingaSep 10 17:34

Energy Index ETFs have surged 48% year-to-date! U.S. energy stocks remain "cheap" despite the rally: sustained high oil prices could drive a valuation recovery.

The Energy Select Sector SPDR Fund, an ETF tracking U.S. energy stocks, has surged 483% year-to-date, significantly outperforming all other S&P 500 sectors. Despite this rally, the energy sector remains one of the lowest-valued segments within the S&P 500. While elevated oil prices have generated excess profits for energy companies, Wall Street previously viewed this earnings growth as transient. However, if high oil prices persist longer than expected, the valuation re-rating of energy stocks may only just be beginning.

wallstreetcnSep 10 07:31

EIA Significantly Raises Oil Price Forecasts: Brent Crude Average Price Expected to Reach $91 in 2026 Amid Greater-Than-Expected Supply Disruptions

The U.S. Energy Information Administration (EIA) projects that the average spot price of Brent crude will be $91 per barrel in 2026 and $74 per barrel in 2027, representing upward revisions of $4 and $5, respectively, from previous forecasts. The average Brent price in the second half of 2026 is expected to be approximately $90 per barrel, $8 higher than previously projected. The EIA anticipates an average production disruption of about 5.7 million barrels per day in the fourth quarter, with global inventories continuing to decline.

wallstreetcnSep 10 02:48

Central banks are no longer focused solely on oil prices; cracking spreads are sounding the alarm on inflation.

Crack spreads, defined as the price differential between refined petroleum products such as gasoline and diesel and crude oil, are becoming a key indicator for central banks in assessing inflationary pressures. Conflicts in the Middle East and between Russia and Ukraine have disrupted global refining capacity, tightening the supply of refined products and driving crack spreads sharply higher. Bank of England Governor Andrew Bailey stated that he is currently more concerned about the widening of crack spreads than about crude oil prices, while the European Central Bank has also incorporated them into its assessment of energy prices and inflation risks.

wallstreetcnSep 10 00:23

Oil Hits $100: Which Stocks And ETFs Win Or Lose?

Brent crude rose above $100 per barrel Wednesday for the first time since July as attacks on tankers and energy infrastructure intensified across the Middle East. West Texas Intermediate, the U.S.

BenzingaSep 9 21:25

JPMorgan: Full restoration of the Strait of Hormuz remains difficult; oil prices still require a high risk premium

1. JPMorgan believes that the partial resumption of navigation through the Strait has alleviated short-term supply pressures, but has also reduced the incentive for the United States to reach a compromise with Iran promptly; 2. With Iranian oil exports nearing zero, a sharp depreciation of the rial, and inflation approaching 90%, economic pressures are continuously undermining its negotiating position; 3. European natural gas and refining margins, as well as U.S. diesel prices, have risen significantly, indicating that the energy shock is spreading from crude oil to transportation, industrial sectors, and end-user prices.

cls.cnSep 9 20:13

Bank of America: Oil prices could rise another 50%

As hostilities between the United States and Iran reignite and intensify, international oil prices have recently returned to an upward trajectory, currently approaching the $100-per-barrel threshold

cls.cnSep 9 15:55

If You Invested $1000 In Packaging Corp of America Stock 15 Years Ago, You Would Have This Much Today

Packaging Corp of America (NYSE:PKG) has outperformed the market over the past 15 years by 2.51% on an annualized basis producing an average annual return of 15.7%. Currently, Packaging Corp of

BenzingaSep 9 04:45

Escalating US-Iran tensions: Iran claims US missiles struck oil tankers near Kharg Island and warns of attacks on tankers in Kuwaiti and Bahraini ports

Following reports of attacks on Iranian oil tankers, the intraday gain in U.S. crude oil prices widened again to over 2%. The Iranian military warned that tankers docked at ports in Kuwait and Bahrain would become targets of attacks and urged crew members to evacuate immediately. Kharg Island is Iran's primary oil export hub, through which approximately 90% of Iran's crude oil exports previously passed. Earlier on Tuesday, the Iranian military stated that it had captured an advanced U.S. unmanned submarine.

wallstreetcnSep 9 04:27

10 Industrials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity

BenzingaSep 9 01:35

International oil prices rise! Houthis launch "retaliatory strikes" against Saudi Arabia; multinational coalition vows counterattack

Tensions in the Middle East have escalated once again, posing a severe threat to the security of Saudi Arabia's energy supply. On September 8, Yemen's Houthi rebels launched attacks on multiple cities in southern Saudi Arabia, igniting fires at several energy facilities and forcing partial operational suspensions, which subsequently drove international oil prices sharply higher, with Brent crude approaching the $100 threshold. According to CCTV International News, the Saudi Ministry of Energy confirmed that civilian and economic infrastructure in Abha, Khamis Mushait, Najran, and Jizan had been attacked, resulting in over 70 injuries. Relevant authorities are working to ensure facility safety and operational continuity. A spokesperson for the Houthi group stated on the same day that the organization would announce an expansion of operations deep into Saudi territory.

wallstreetcnSep 8 16:48

Saudi Aramco's Jizan oil facilities attacked again, driving up international oil prices

Saudi Aramco's oil facilities in Jizan came under attack again within less than a month, prompting international oil prices to rise and heightening market concerns over regional energy supplies.

wallstreetcnSep 7 21:36