West Texas Intermediate and Brent crude's front month contracts both climbed a as hopes for a peace deal became clouded again.
Brent crude and WTI prices were rising after an exchange of strikes between the U.S. and Iran over the weekend.
U.S. stock futures pointed to an extension of May's record-setting rally, even as oil prices rose after the U.S. and Iran exchanged a fresh round of strikes.
With geopolitical risk premium largely removed, oil benchmarks found support inside ascending channels while natural gas delivered a powerful move. WTI defended $90.29 with higher lows, Brent bounced
Oil prices climbed as Israel expanded its military push in Lebanon. The development comes despite a ceasefire that was declared in April.
il rises amid few signs of the reopening of the Strait of Hormuz.
Oil prices rose more than ​2% in early ‌trading on Monday after Israel ordered troops to ​move further ​into Lebanon in the battle ⁠with the Iranian-backed ​Hezbollah militant group, ​de
U.S. stock-index futures were little changed on Sunday, as Wall Street looks to stretch the market's record-setting rally into June.
Crude oil faces a pivotal week as OPEC+ weighs output cuts, gasoline demand comes into focus, and inventory data tests the bullish oil outlook.
The economic highlight of the coming week will be the May jobs report set for release on Friday.
Oil tanker traffic through the Strait of Hormuz may not return to prewar levels even if the U.S. and Iran reach a deal. Ship traffic in the Red Sea, for example, plummeted in early 2024 due to Houthi
Guyana was already the world's fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonan
Marley Kayden talks about how oil prices have pulled back from their conflict-driven highs while Sam Vadas discusses Micron (MU) reaching another price target as momentum in memory stocks continues to

Oil Declines Lift Stocks to Fresh Records

04:53pm, Friday, 29'th May 2026
Brent crude fell 19% in May, its sharpest monthly drop since 2020.
Prices at gas pumps are starting to sink and oil is on track to drop 20% in May as investors remain optimistic that a ceasefire deal to end the Iran war is near.
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