NYSE:BNO

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$51.20
-1.28 (-2.44%)
At Close: Jun 05, 2026
Crude oil futures ease as diplomacy efforts cap gains, with inventory draws and OPEC production risks supporting the oil outlook in this market analysis.
Global oil benchmarks fall as geopolitical tensions ease.
Choppy and noisy behavior continues in this market, as the supply is strong in a lower demand environment – but one that is picking up slightly. Geopolitics continues to be a major factor as well.
ConocoPhillips missed Wall Street estimates for fourth-quarter profit on Thursday, as lower crude prices countered a rise in oil production and cost-saving efforts.
Shell CEO Wael Sawan says tax adjustments and weakness in its chemicals business hurt the oil major in the fourth quarter but that 2025 was a "very good year" for the company overall.
India's Reliance Industries has bought one very large crude carrier containing 2 million barrels of Venezuelan oil from trader Vitol at a discount of around $6.5-$7 per barrel to ICE Brent for April d
Indian Oil Corp (IOC), the country's top refiner, reported a more than four-fold jump in third-quarter profit on Thursday, boosted by stronger refining margins as crude prices dropped.
Dip buyers support WTI near $63 as inventories fall and trend support holds, with traders watching whether oil can regain momentum toward $66.
European energy majors are expected to confront some tough choices this earnings season, with lower oil prices seen putting shareholder returns at risk. In this article TTE-FR
Prices of commodities, from silver and gold to crude oil and copper, dived on Thursday, as global tensions eased after a telephone call between the leaders of China and the United States, which is als
Oil prices surged in January due to supply fears from Iran and Venezuela, but remain volatile and range-bound between $55 and $70 as the market struggles to break above key resistance.
Foreign energy companies are facing a legal minefield dealing with PdVSA, which has long been accused of corruption.
Oil prices fell as Washington and Tehran agreed to hold talks in Oman on Friday. Iran is seeking to focus talks on its longstanding nuclear dispute with Western powers.

Oil Slips Amid Prospects of U.S.-Iran Talks

08:22pm, Wednesday, 04'th Feb 2026
Oil slipped in the morning Asian session. Discussions regarding the coming U.S.-Iran negotiations have eased the immediate risk premium, said Citi Research.

US oil prices fall ahead of US-Iran talks

07:06pm, Wednesday, 04'th Feb 2026
U.S. West Texas Intermediate crude prices fell on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, despite differences about the agenda, amid heightened tensions as the U.S. bu
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