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At Close: Jun 03, 2026
Oil prices decline after Trump reaffirmed he would end the war in Iran ‘very quickly'
06:48am, Wednesday, 20'th May 2026
On Tuesday, the Strait of Hormuz saw “one of the busiest days since the closure.”
Russia's oil and gas revenue seen up 39% y/y in May thanks to Iran war
06:06am, Wednesday, 20'th May 2026
Russia's state oil and gas revenues, which account for around a fifth of total budget income, are set to rise by 39% year on year in May to 700 billion roubles ($9.8 billion), thanks to a global
Oil Prices Fall After Reports Supertankers Are Moving Through Strait of Hormuz
05:31am, Wednesday, 20'th May 2026
Crude prices remain elevated but there appears to be movement in the Strait of Hormuz Wednesday.
Indonesia police name palm oil group Musim Mas as criminal suspects over environmental breaches, government says
03:54am, Wednesday, 20'th May 2026
Indonesian police in Riau province have named Singapore-based palm oil group Musim Mas as a criminal corporate suspect over alleged environmental violations, they said in a statement published �
Natural Gas and Oil Forecast: WTI Bounces to $103, Brent at $110 — Will NatGas Reach $3.20?
01:50am, Wednesday, 20'th May 2026
With geopolitical risk premium largely removed, oil benchmarks show constructive bullish action. WTI reclaims $103.69 defending channel support, Brent holds firm near $110.69, while Natural Gas surges
Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects
11:44pm, Tuesday, 19'th May 2026
Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the U.S.-Israeli conflict with Iran may soon be resolved after positive com
Oil prices ease after Trump says US will end Iran war 'very quickly'
09:39pm, Tuesday, 19'th May 2026
Oil prices eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end "very quickly", though investors remain wary about the outcome of peace talks amid conti
US CFTC probes spike in oil futures trading before Trump postponed Iran strikes, WSJ reports
09:19pm, Tuesday, 19'th May 2026
The U.S. Commodity Futures Trading Commission is scrutinizing a surge in oil futures trading that occurred moments before U.S. President Donald Trump postponed strikes on Tehran i
Oil Edges Lower as Traders Assess Middle East Developments
08:16pm, Tuesday, 19'th May 2026
Oil edged lower as traders assess Middle East developments.
Natural Gas, WTI Oil, Brent Oil Forecasts – Brent Oil Gains Ground As Trump Threatens To Hit Iran
02:48pm, Tuesday, 19'th May 2026
President Trump said that U.S. will hit Iran in case negotiations fail.
Crude oil is going the long way around the world as countries scramble to plug Hormuz supply hole
12:14pm, Tuesday, 19'th May 2026
The near-standstill at the Strait of Hormuz has forced countries to get much-needed energy products via routes that were relatively quiet only a few months ago.
Crude Oil Price Analysis – Oil Bo9unces After Gapping Lower
10:03am, Tuesday, 19'th May 2026
The oil markets continue to see a lot of noise, mainly in the form of guessing as to what the Americans and Iranians are going to be doing going forward.
Gold breaks below $4,540, silver tests $75 as yields rise, Hormuz talks cap oil - Kitco AM Report
09:48am, Tuesday, 19'th May 2026
For questions or corrections, contact the Kitco News editorial team.
Every month of delay in normalizing oil supply adds $10 to year-end oil prices, says Daan Struyven
08:31am, Tuesday, 19'th May 2026
Daan Struyven, Goldman Sachs co-head of global commodities research, joins 'Squawk Box' to discuss the global oil markets, oil price outlook, supply concerns, and more.
Why Oil Price Spikes Cause Recessions But High Prices Don't
07:45am, Tuesday, 19'th May 2026
Rising oil prices often trigger recession, but high and stable oil prices don't. This distinction is key to understanding the effects of the current jump in energy costs that resulted from closure of
