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Buy IEO
$119.57
+1.95 (+1.66%)
At Close: Jun 03, 2026
U.S. Crude Oil Inventories Post Third Straight Weekly Drop
11:17am, Wednesday, 13'th May 2026
U.S. crude oil inventories fell by 4.3 million barrels in the week ended May 8 and were about 0.3% below the five-year average for the time of year, the EIA said. Analysts expected a drop of 2.3 milli
Crude Oil Price Analysis – Oil Continues to Rally as No Real Progress Likely
11:09am, Wednesday, 13'th May 2026
With the stalemate, and the lack of any real potential progress, one would have to assume that in this market, if there is a pullback, it is likely a buying opportunity.
OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure
09:40am, Wednesday, 13'th May 2026
Oil production among OPEC members has fallen more than 30%, or 9.7 million bpd, since the Iran war started in late February. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million
Global oil inventories falling at record pace amid Iran war; UK bond recovery fizzles out as Streeting ‘prepares challenge' – business live
08:58am, Wednesday, 13'th May 2026
IEA warns that mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace
OPEC Cuts Oil Demand Forecast As Hormuz Shock Pushes Output Lower
08:53am, Wednesday, 13'th May 2026
It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
08:12am, Wednesday, 13'th May 2026
Oil prices could rise further over the summer as rapidly depleting inventories pile more pressure on the market, the IEA said. The energy agency also flagged further demand destruction as a result of
OPEC lowers 2026 global oil demand growth forecast
08:01am, Wednesday, 13'th May 2026
OPEC on Wednesday lowered its forecast for world oil demand growth in 2026, a copy of its monthly oil report showed, joining other forecasters such as the International Energy
Natural Gas and Oil Forecast: WTI Above $101, Brent Holds $106.84 — Can NatGas Push Through $2.85?
05:39am, Wednesday, 13'th May 2026
Oil and Natural Gas settle into technical ranges as the Middle East truce holds. WTI bounces strongly inside its blue channel, Brent finds solid support, and NatGas builds short-term base near $2.85.
Russia's oil output down 460,000 bpd year-on-year in April, IEA says
04:47am, Wednesday, 13'th May 2026
Russia's crude oil production declined by 460,000 barrels per day in April from the same month a year ago to around 8.8 million bpd, the International Energy Agency said on Wednesday, as Ukraine rampe
Oil Prices Fall. The Stock Market Can't Keep Ignoring Strait of Hormuz Chaos.
04:34am, Wednesday, 13'th May 2026
Oil prices slipped early Wednesday as President Donald Trump headed to Beijing for a high-stakes summit with China's Xi Jinping.
Oil Demand to Contract Further as Hormuz Shock Deepens, Recovery Will Take Months
04:07am, Wednesday, 13'th May 2026
The energy watchdog now expects global oil demand to contract by 420,000 barrels a day this year, from its an 80,000-barrel-a-day decline projected previously.
Global oil supply to plunge below demand this year on Iran war, IEA says
04:04am, Wednesday, 13'th May 2026
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednes
Oil prices slip on teetering Iran ceasefire as Trump heads to China
09:00pm, Tuesday, 12'th May 2026
Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to Chi
Oil Slips on Likely Technical Correction
08:49pm, Tuesday, 12'th May 2026
Oil prices fell in early Asian trade, on a possible technical correction after settling higher on Tuesday.
Is AI power really the new oil? Soon it will trade like just like a commodity.
06:02pm, Tuesday, 12'th May 2026
CME Group plans to launch futures that would let investors bet on the price of computing power.
