NYSE:BNO

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$52.48
-1.46 (-2.71%)
At Close: Jun 04, 2026
The EIA report showed that U.S. Strategic Petroleum Reserve dropped to lowest level since 1983.
WTI crude oil futures bounce as traders navigate uncertainty amidst interest rate hike signals, falling U.S. inventories and Chinese oil demand.
Oil prices edged higher on Wednesday as markets worried about supply tightness in the U.S., the world's biggest oil consumer, after data showed a larger-than-expected draw in its crude and gasoline in
Oil markets are under pressure as traders focus on the hawkish comments from ECB President Christine Lagarde.
Crude oil markets initially fell during trading on Tuesday, but found enough support to turn things around. By doing so, it looks like we stay in the range.

Oil prices slump, shaking off Russia mutiny

08:01am, Tuesday, 27'th Jun 2023
Oil futures slumped Tuesday after delivering only a modest rise the previous session following a chaotic weekend in Russia that saw the mercenary Wagner Group stage a short-term rebellion that raised
Russian instability and supply fears support US oil prices, impacting sentiment, while Saudi cuts and strong US demand tighten the market.
Aramco's CEO Amin Nasser believes that the oil market fundamentals remain generally "sound" for the rest of the year.
Oil prices edged higher for a second consecutive session on Tuesday, as worries about political instability in Russia and potential supply disruptions counter-balanced concerns about global demand.
Oil futures finished higher on Monday as a brief rebellion in Russia raised concerns over the stability of crude production from one of the world's largest producers. The leader of the Wagner Group, a
Yahoo Finance markets reporter Ines Ferre joins the Live show to discuss the impact of the Wagner mutiny on oil markets.
Russia's oil exports were not hit during the turmoil, but oil traders stay bullish at the start of the week.
Middle Eastern oil is experiencing an extraordinary surge in prices due to higher Asian demand.
Crude oil markets were somewhat negative during the Monday session, as we have pulled back slightly.
Oil futures edged higher early Monday, as traders largely took in stride a short-lived mutiny by Russia's Wagner Group that raised questions about President Vladimir Putin's grasp on power.
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