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CLNENASDAQ
EnergyOil & Gas Refining & Marketing
$1.88
$0.010(0.53%)
U.S. Market opens in 7h 10m
Hormuz Oil Route Remains Strong as UAE Boosts Crude Exports
📅 in about 5 hours

Hormuz Oil Route Remains Strong as UAE Boosts Crude Exports

On 5 August 2026, global oil markets received encouraging news as crude shipments through the Strait of Hormuz continued without major disruption despite regional tensions. At the same time, the United Arab Emirates increased crude exports by making full use of its production capacity and established export routes. Nearly one-fifth of the world’s seaborne oil…

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Federal Reserve Bank Official Warns Inflation May Need Tougher Action
📅 in about 5 hours

Federal Reserve Bank Official Warns Inflation May Need Tougher Action

On 5 August 2026, a senior Federal Reserve official said the U.S. central bank may have to take stronger action if inflation does not begin to slow. The warning comes as inflation remains well above the Fed’s 2% target, leaving policymakers under pressure after they decided to keep interest rates unchanged. Investors are now paying…

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FTSE 100 (^FTSE) Rises 0.41% as U.S.-Iran Hormuz Deal Nears; DAX (+0.49%), CAC 40 (+0.12%) Advance
📅 13 hours ago

FTSE 100 (^FTSE) Rises 0.41% as U.S.-Iran Hormuz Deal Nears; DAX (+0.49%), CAC 40 (+0.12%) Advance

On 5 August 2026, European stock markets traded higher as expectations grew that the United States and Iran were moving closer to an agreement to restore safe shipping through the Strait of Hormuz, one of the world’s busiest oil routes. The FTSE 100 climbed 0.41%, Germany’s DAX gained 0.49%, and France’s CAC 40 added 0.12%….

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Bitcoin (BTC) Tests $64,500 Resistance as Money Flow Index Hits 100; Bulls Eye Breakout Above $64.2K
📅 14 hours ago

Bitcoin (BTC) Tests $64,500 Resistance as Money Flow Index Hits 100; Bulls Eye Breakout Above $64.2K

Bitcoin rose to $64,244 on August 5, 2026, as buyers challenged key resistance. The leading cryptocurrency reached an intraday high of $64,511 before encountering selling pressure. Momentum indicators signal extreme overbought conditions as the Money Flow Index touched 100. Institutional traders now focus on a sustained breakout above $64,200 to confirm further upward momentum. Technical…

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Ola Electric Shares Surge 10% as 20 GWh Battery Energy Storage Partnership With Axis Energy Boosts Growth
📅 16 hours ago

Ola Electric Shares Surge 10% as 20 GWh Battery Energy Storage Partnership With Axis Energy Boosts Growth

On August 5, 2026, Ola Electric shares climbed nearly 10% after the company announced a partnership with Axis Energy to deploy up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032. The agreement takes Ola into India’s fast-growing utility-scale energy storage business, expanding its focus beyond electric scooters. With demand for renewable energy…

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Suncor Energy Inc. Reports C$3.7 Billion Profit on Strong Refining Performance
📅 17 hours ago

Suncor Energy Inc. Reports C$3.7 Billion Profit on Strong Refining Performance

On August 4, 2026, Suncor Energy Inc. reported a quarterly profit of C$3.7 billion, beating market expectations even as oil production declined. The company’s refining business delivered record results and made up for maintenance-related disruptions at its oil sands operations. The quarter showed how strong refining margins can support earnings when upstream production slows. So,…

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Mäc-Geiz Closes 50 Stores as Insolvency Deepens; 1,175 Jobs at Risk
📅 19 hours ago

Mäc-Geiz Closes 50 Stores as Insolvency Deepens; 1,175 Jobs at Risk

Mäc-Geiz, a German household discount chain, closes 50 stores and cuts staff as insolvency deepens. 1,175 jobs remain at risk across 183 locations.

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Australian Shares Set to Rise as Oil Prices Tumble and Wall Street Climbs
📅 19 hours ago

Australian Shares Set to Rise as Oil Prices Tumble and Wall Street Climbs

On August 5, 2026, Australian shares looked set to open higher after Wall Street reached fresh record highs and oil prices fell sharply. The drop in crude eased inflation concerns and lifted investor confidence across global markets. Strong earnings from major U.S. companies added to the positive mood. As trading gets underway on the ASX,…

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Chevron and Exxon Deliver Record Profits as Trump Calls for Lower Fuel Prices
📅 19 hours ago

Chevron and Exxon Deliver Record Profits as Trump Calls for Lower Fuel Prices

On August 4, 2026, U.S. oil companies Chevron and ExxonMobil reported combined quarterly profits of more than $26 billion, helped by higher crude oil prices and strong refining margins. The results came as President Donald Trump called on major oil producers to lower fuel prices for American drivers. The gap between record corporate earnings and…

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