Stocks of crude ​oil in the ‌U.S. Strategic Petroleum Reserve fell ​to 340.3 ​million barrels, the lowest ⁠level since ​1983, according to ​data from the Department of Energy.
Crude oil prices plunged near levels seen last June as the U.S. and Iran aim to sign a memorandum of understanding, leading to an immediate reopening of the Strait of Hormuz. Kevin Hincks explains how
Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles
The oil markets are selling off, as traders celebrate the idea of a potential ceasefire agreement on Friday that could lead to greater peace in the Middle East. That being said, there are some details
Oil prices fell sharply on Monday as Iran and U.S. appeared poised to end their four-month war. Commodity strategists say oil price volatility will persist as energy markets grapple with a challenging

Morning Bid: 'Let the oil flow'

06:41am, Monday, 15'th Jun 2026
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One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI slides to $80.57 after channel violation, Brent defends $83.37 support, and Natural Gas trades at $3.0
Quantum Helium Ltd (AIM:QHE) said extended production testing at its Sagebrush-1 well in Colorado has confirmed helium-bearing gas and unexpectedly identified commercial oil production, opening a new
The world is guzzling so much oil from commercial and strategic inventories that they risk falling below their minimum operating levels.
Brent crude oil futures may fall to around $80 per barrel by year-end if Strait of Hormuz isn't closed again, CBA said.
Executive insights from CVX confirm that the floating shadow inventory used to mask the global deficit is officially exhausted. Comprehensive modeling from XOM indicates that crude is coiled to violen
Permian Resources' latest quarterly report, filed this spring, names “artificial intelligence and its application in our industry” as a risk to the business. The same filing repeats a line that ha
The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop the crude market from going haywire.
The extreme ​volatility of global oil prices has drained liquidity from the market this year at the fastest pace ‌on record, as investors have become increasingly wary of committing cash to an ass
Since the start of ​the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply ‌and to predict the price of oil.
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