energy

US energy chief says oil exports through Strait of Hormuz, Gulf will 'continue to rise' Reuters

Treasuries rose as falling oil prices overshadowed middling demand at the first of three longer-term US debt auctions this week.

Experts point to three main reasons for the relatively steady prices but caution that a reckoning is not too far off.

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U.S. stocks are set for a higher open as oil prices decline. Plus, the SpaceX IPO is heating up.

Kuwait is seeking pipeline alternatives to export its crude oil as the near-closure of the Strait of Hormuz starves the market of vital barrels and Persian Gulf producers of the cash to run their economies.

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.

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