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$22.54
+0.500 (+2.27%)
At Close: Jun 03, 2026
Oil Prices Tumble as US-Iran Diplomatic Efforts Gain Traction
11:19am, Wednesday, 06'th May 2026
Oil briefly dips below $100 as markets react to renewed hopes of a US, Iran deal. Bloomberg's Mia Gindis breaks down why traders may be overreacting, how thin market participation is distorting prices
U.S. Crude Oil Stockpiles Fall for Second Straight Week
11:14am, Wednesday, 06'th May 2026
Commercial crude-oil inventories excluding the Strategic Petroleum Reserve were down by 2.3 million barrels in the week ended May 1, the EIA said. The withdrawal was in line with the forecast in a Wal
PROJECT FREEDOM: Trump STEPS IN to PROTECT ships in Hormuz
10:45am, Wednesday, 06'th May 2026
U.S. Energy Secretary Christopher Wright discusses President Donald Trump's ‘Project Freedom,' oil prices, Strait of Hormuz security and California energy policy on ‘Mornings with Maria.' #foxbusi
Crude Oil Price Analysis – Oil Plunges on Signs of Peace to Test Support
10:24am, Wednesday, 06'th May 2026
The light sweet crude oil market has plunged early on Wednesday as we get news that the Americans and Iranians might be closer to peace.
US Oil Storage Tanks to Run Empty Around July 4, Currie Says
09:59am, Wednesday, 06'th May 2026
Carlyle Senior Advisor Jeff Currie discusses the ongoing disruption in oil markets, saying storage tanks will run empty in Europe "sometime in the month of May" and in the US "somewhere in that July 4
The Petroleum Inventory Crash: $200+ Oil Is Coming Soon
09:46am, Wednesday, 06'th May 2026
Global petroleum inventories are being depleted at a record pace, with critical shortages likely within weeks, even if the Strait of Hormuz reopens imminently. OECD crude oil inventories are projected
US Gasoline at $5 'Not Likely', Oil Analyst Schork Says
09:02am, Wednesday, 06'th May 2026
Stephen Schork, principal and editor at The Schork Group, explains how a potential deal to end the Iran war can impact the global oil market and why US gasoline prices are unlikely to reach $5 a gallo
Trump Says Iran War Agreement Is Close. Oil Prices Drop.
05:01am, Wednesday, 06'th May 2026
Brent crude and WTI prices were dropping as President Donald Trump said “great progress” had been made toward an agreement with Iran.
Oil Falls, Risk Sentiment Rises as U.S. Avoids Iran Escalation
04:30am, Wednesday, 06'th May 2026
U.S. stocks looked set to extend record highs after Trump walked back an effort to guide commercial ships through the Strait of Hormuz, easing concerns of a near-term escalation in the U.S.-Iran war.
Natural Gas and Oil Forecast: WTI Reclaims $100, Brent at $108 — More Upside Coming?
03:39am, Wednesday, 06'th May 2026
Energy markets are breathing easier as the US-Iran ceasefire enters its fourth week, allowing tanker traffic to resume through the Strait of Hormuz. Natural gas bounces off Fib support at $2.78 inside
Iran And China's Foreign Ministers Meet In Beijing As Trump Pauses ‘Project Freedom'
01:55am, Wednesday, 06'th May 2026
Araghchi arrived in Beijing early on Wednesday. Chinese state media reported the Iranian Foreign Minister held talks with Wang Yi, the highest-level in-person talks between the two countries since the
Commodities: Saudi Arabia Cuts Oil Prices for June
01:36am, Wednesday, 06'th May 2026
Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May. The premium for next month is the second-highest on record as the war in the Middle East continues to
Oil prices fall as Trump pauses Hormuz escort effort
08:46pm, Tuesday, 05'th May 2026
Oil prices fell after President Donald Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz. Trump, in a Truth Social post, said the decision was based in part on "the fac
Oil Falls on Hopes of U.S.-Iran Peace Deal
08:13pm, Tuesday, 05'th May 2026
Oil fell in early trade on hopes of a U.S.-Iran peace deal that could reduce supply disruptions.
Oil futures fall after Trump pauses U.S. effort to partially reopen Strait of Hormuz
07:52pm, Tuesday, 05'th May 2026
Crude-oil futures fell late Tuesday after President Donald Trump said his latest effort to partially reopen the Strait of Hormuz would be paused, to buy more time to reach an agreement to end hostilit
