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Energy Price Trends
Comparison of current energy prices against pre-war levels
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Chips carry stocks higher; Oil jumps on stalled peace talks
3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tabSummaryCompaniesOil futures notch three-week peak on Iran worriesKospi, Nikkei, Taiwan stocks mark record highs on AI optimism44% of S&P 500 by market cap due to report this weekCentral banks in Japan, US, UK, Europe and Canada seen on holdSINGAPORE, April 27 (Reuters) - Oil climbed on Monday as stalled U.S.-Iran peace talks prolonged the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending drove up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus.Benchmark Brent crude futures rose around 2% to touch a three-week high of $107.97 a barrel in Asia trade, a level that has stoked inflation worries and prompted traders to all but price out rate cuts in developed markets this year. Sign up here.S&P 500 futures wobbled in the Asia session but tacked on small gains of around 0.2% after markets in Taiwan (.TWII), opens new tab, Tokyo (.N225), opens new tab and Seoul (.KS11), opens new tab followed Wall Street to notch record highs on a new wave of AI optimism.Currency trading was broadly steady - with the euro at $1.1724 and yen at 159.32 per dollar. Bond markets were calm ahead of central bank meetings in Japan, the U.S., Britain, Europe, Canada and a smattering of emerging markets.While a ceasefire has frozen most fighting in the war triggered by U.S.-Israeli strikes on Iran two months ago, markets are focused on the shuttered Strait of Hormuz, where barely any ships carrying oil and gas have transited.The average LNG price for June delivery into northeast Asia was $16.70 per million British thermal units last week, nearly 61% above pre-war levels.Goldman Sachs analysts lifted year-end oil price forecasts sharply from $80 to $90 a barrel for Brent, and even that rests on normalisation of Gulf exports by the end of June."Non-linear price increases are likely if inventories drop to critically low levels, which we have not seen in the last few decades," they warned in a note.U.S. President Donald Trump cancelled a trip to Islamabad by U.S. envoys for talks on the weekend, but investors were buoyed slightly by an Axios report saying Iran wants to make a deal on opening the strait first and postpone nuclear talks until later.RATES AND HYPERSCALERS EARNINGSBeyond oil derivatives and the even mo...
Chips lift stocks as oil jumps on stalled peace talks
Markets in Seoul, Taiwan and Tokyo followed Wall St to carve record highs on a wave of AI optimism. Photo: AP PHOTOOil has climbed as stalled US-Iran peace talks prolong the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending has driven up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus.Subscribe now for unlimited access. or signup to continue readingAll articles from our website & appThe digital version of Today's PaperCrosswords, Sudoku and TriviaAll other in your areaBenchmark Brent crude futures rose about two per cent to touch a three-week high of $107.97 a barrel in Asia trade, a level that has stoked inflation worries and prompted traders to all but price out rate cuts in developed markets in 2026.S&P 500 futures wobbled in the Asia session but tacked on small gains of about 0.2 per cent on Monday after markets in Taiwan, Tokyo and Seoul followed Wall Street to notch record highs on a new wave of AI optimism.Currency trading was broadly steady, with the euro at $1.1724 and yen at 159.32 per dollar. Bond markets were calm ahead of central bank meetings in Japan, the US, Britain, Europe, Canada and a smattering of emerging markets.While a ceasefire has frozen most fighting in the war triggered by US-Israeli strikes on Iran in late February, markets are focused on the shuttered Strait of Hormuz, where barely any ships carrying oil and gas have transited.The average LNG price for June delivery into northeast Asia was $16.70 per million British thermal units last week, nearly 61 per cent above pre-war levels.Goldman Sachs analysts lifted year-end oil price forecasts sharply from $80 to $90 a barrel for Brent, and even that rests on normalisation of Gulf exports by the end of June."Non-linear price increases are likely if inventories drop to critically low levels, which we have not seen in the last few decades," they warned in a note.US President Donald Trump cancelled a trip to Islamabad by American envoys for talks on the weekend, but investors were buoyed slightly by an Axios report saying Iran wants to make a deal on opening the strait first and postpone nuclear talks until later.Beyond oil derivatives and the even more stretched physical market where jet fuel fetches $185 a barrel in Singapore, equity investors have hoped for a breakthrough and tried to look past the oil shock to an AI trend that is seen as unstoppable."AI is something tha...
Asian shares mixed, oil prices advance on stalled US-Iran peace talks ...
Listen to This Article Asia shares struggled on Friday and oil prices resumed their rise, as a shaky ceasefire in the West Asia war and stalled US-Iran peace talks gave investors little to cheer.
Stocks mostly fall as US-Iran peace talks stall and oil prices rise
Global stocks mostly fell Thursday, retreating after recent gains as investors tempered their enthusiasm for a quick end to the Middle East war.Solid first-quarter corporate earnings this week and ...
