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$53.94
+1.05 (+1.99%)
At Close: Jun 03, 2026
Oil prices climb after disputed report of Iran strike on U.S. warship in the Strait of Hormuz
07:16am, Monday, 04'th May 2026
Oil is off to a volatile start to the week on a disputed report of a strike on a U.S. Navy ship in the Strait of Hormuz.
Natural Gas and Oil Forecast: UAE OPEC Exit Ignites Crude Volatility – Will $116 Break?
06:32am, Monday, 04'th May 2026
Oil prices surge as Gulf production shut-ins and UAE's OPEC exit rattle markets. WTI eyes $110 while natural gas struggles under heavy supply and mild weather.
OPEC Is Losing Its Grip on Global Oil. Volatility Will Follow.
06:00am, Monday, 04'th May 2026
With the U.A.E.'s exit, the group of oil exporting countries will have less capacity to stabilize prices, Ben Cahill writes.
Why Oil Prices Are Rising Despite Trump's Plan to Unblock the Strait of Hormuz
04:58am, Monday, 04'th May 2026
The president said that the U.S. had told countries it would “guide their Ships safely out of these restricted Waterways.”
U.S. navy to guide stricken tankers through Strait of Hormuz
04:17am, Monday, 04'th May 2026
U.S. President Donald Trump pledges to help guide stranded tankers through the Strait of Hormuz, using as many as 15,000 troops and 100 aircraft. The European Commission is mulling a response after Pr
Oil prices still don't reflect the one-million-barrel loss due to the Iran War: ANZ
03:13am, Monday, 04'th May 2026
ANZ's Daniel Hynes says a dramatic drawdown in global crude inventories will finally push markets to understand the reality of the situation, as markets currently assume the Strait of Hormuz will reop
Moody's Analytics warns oil at $125 could trigger a global recession
01:36am, Monday, 04'th May 2026
Moody's Analytics' Gaurav Ganguly expects the conflict to ease soon, with Asia-Pacific growth around 4% this year. He cautions that a prolonged Middle East conflict would drive oil prices higher, and
Oil prices rise in choppy trade as Trump plans to 'free' ships stranded due to Mideast conflict
08:48pm, Sunday, 03'rd May 2026
Oil prices rose in choppy trade Monday. Trump said the U.S. would attempt to "free" stranded cargo ships affected by the Strait of Hormuz closure.
Oil Declines Amid Mild Risk-on Sentiment
07:48pm, Sunday, 03'rd May 2026
Oil declined. Oil prices may be weighed by Trump saying Sunday that the U.S. would begin guiding commercial ships out of the Strait of Hormuz.
OPEC+ agrees on third oil output quota hike since Hormuz closure
06:24pm, Sunday, 03'rd May 2026
Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, OPEC+ said in a statement
U.S. stock futures rise, oil falls as Trump touts new plan to partially reopen Strait of Hormuz
06:19pm, Sunday, 03'rd May 2026
U.S. stock-index futures rose and oil prices fell Sunday, after President Donald Trump said the U.S. will work to “free” neutral shipping that's been stranded in the Persian Gulf since the start o
Oil falls after Trump says US would help free ships stranded in Strait of Hormuz
06:15pm, Sunday, 03'rd May 2026
Oil prices dropped more than $1 a barrel on Monday after U.S. President Donald Trump said the United States would begin an effort on Monday morning to free up ships stranded
Stock, Oil Futures Poised to Trade Ahead of Jobs Week
04:36pm, Sunday, 03'rd May 2026
Uncertainty still grips markets as the U.S.-Israeli war in Iran enters its tenth week and the vital Strait of Hormuz remains effectively closed.
OPEC+ announces modest boost in oil production. But here's why it's a mostly symbolic move.
03:55pm, Sunday, 03'rd May 2026
In a largely symbolic move, the OPEC+ nations announced Sunday that they would slightly increase crude production in June, as the war with Iran continues to stifle the world's supply of oil.
Oil News: OPEC Production Hike Won't Move Market Until Strait Opens
03:41pm, Sunday, 03'rd May 2026
OPEC+ raised output for June but it means nothing while the Strait of Hormuz stays closed. The talks are stalled, inventory draws are real, and the risk stays skewed to the upside.
