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$119.57
+1.95 (+1.66%)
At Close: Jun 03, 2026
Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
03:16pm, Thursday, 07'th May 2026
Shell CEO Wael Sawan said it will take a long time to recover the supply lost due to the Iran war. Demand for jet fuel in the airline industry has been curtailed around 5%, Sawan said.
Oil Prices Whipsaw as US-Iran try to work out deal to end war
03:07pm, Thursday, 07'th May 2026
Oil dipped in a volatile session as the US waited on Iran's response to its proposal to end the war and reopen the vital Strait of Hormuz. West Texas Intermediate crude futures briefly dipped as much
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Away From Session Lows As Traders Wait For Iran's Response
02:39pm, Thursday, 07'th May 2026
Oil traders stay focused on the recent U.S. proposal to end the war in the Middle East.
Exclusive: Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows
01:45pm, Thursday, 07'th May 2026
A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major
Oil Prices Are Moving Like Crazy, Citi's Layton Says
11:00am, Thursday, 07'th May 2026
Max Layton, Citigroup Inc.'s global head of commodities research, says oil prices will keep "moving around like crazy" as traders parse the conflicting signals coming out of Washington about if the Ir
Crude Oil Price Analysis – Oil Drifts Lower on Peace Hopes
10:09am, Thursday, 07'th May 2026
Crude oil drops again on hopes of Middle Eastern peace, as traders continue to try to price in the idea of an end to the war.
Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts
08:49am, Thursday, 07'th May 2026
Diesel supplies sink to about a 20-year low as prices jump to $5.67 a gallon nationally — and it isn't yet peak summer travel
Iran deal optimism pushes oil price back below $100; UK builders hit by surge in costs – business live
08:01am, Thursday, 07'th May 2026
Rolling coverage of the latest economic and financial news
Exclusive: Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz
06:46am, Thursday, 07'th May 2026
The tankers shut off their location trackers to avoid Iranian attacks.
Lanxess sees oil price in range of $100-$110 per barrel
06:31am, Thursday, 07'th May 2026
Lanxess expects oil prices to stay high in the coming months, warning that elevated energy costs will continue to weigh on the chemicals sector after the conflict in the Middle East disrupted fu
Singapore's oil product stocks hit over nine-month lows as US-Iran war cuts supply
06:27am, Thursday, 07'th May 2026
Oil product stocks in Asia's oil hub Singapore hit their lowest in more than nine months after the U.S.-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursday.
Natural Gas and Oil Forecast: Ceasefire Holds — But WTI Crashes Below $96, Next Stop $91?
05:40am, Thursday, 07'th May 2026
With geopolitical risk fading, oil benchmarks turn lower on profit-taking and technical breakdowns. WTI confirms bearish channel break, Brent tests lower support, while NatGas faces continued pressure
Oil Edges Lower as Investors Remain Cautious Ahead of Iran Response
04:48am, Thursday, 07'th May 2026
Stocks gained as investors awaited Iran's response to a U.S. memo that would declare an end to the conflict and gradually reopen the Hormuz Strait.
Oil Prices Drop Further. What Comes Next in U.S.-Iran Peace Talks.
04:08am, Thursday, 07'th May 2026
Brent crude and WTI futures were falling early Thursday amid positive noises about a U.S.-Iran peace deal.
Oil Prices Recover as Tight Supply Offsets Middle East Peace Optimism
12:54am, Thursday, 07'th May 2026
Oil prices recovered after Wednesday's sharp drop as traders remained cautious about the Middle East peace outlook, while tight supply and falling U.S. inventories kept Brent and WTI supported.
