A momentum indicator for a crude futures chart has soared to its highest level in 36 years, but as the Wall Street saying goes, overbought doesn’t mean over.

Crude oil futures traded higher on Thursday morning after a US submarine sank an Iranian warship off the coast of Sri Lanka.

Oil futures surged Monday after the United States and Israel launched strikes against Iran over the weekend, with the conflict spilling over into the wider Middle East region. US crude jumped 7.5%. Brent crude,

Oil futures are expected to spike and U.S. stock futures are likely to see volatile trading Sunday night as markets open after this weekend's attacks on Iran by the U.S. and Israel.

A shaky start to the week is in store for financial markets after the U.S. and Israel attacked Iran over the weekend.

By Jarrett Renshaw March 5 (Reuters) - The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market,

Oil-linked futures on Hyperliquid’s HIP-3 surged after U.S. and Israeli strikes on Iran reignited fears of supply shocks

US stocks were lower Friday, with the major indexes on track for weekly losses, as surging oil prices and weaker-than-expected jobs data added to concerns rippling through markets.

By Georgina McCartney HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday,