BATS:IEO

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$119.57
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At Close: Jun 03, 2026
Stock futures tick up after Trump downplays Middle East tensions
Oil prices pulled back after Monday's rally, but U.S.-Iran tensions, Strait of Hormuz risks, tight fuel supplies, and bullish Brent and WTI technical setups keep the breakout outlook alive.
Brent crude and WTI prices remain at elevated levels as investors digest conflict in the Strait of Hormuz.
Geopolitical risks in the Middle East keep Brent crude supported near $114 while WTI clings to $104 channel support. Natural gas breaks lower as storage injections beat norms and summer cooling demand
Oil futures fell in early Asian trade on a possible technical correction after WTI and Brent futures settled markedly higher on Monday.
Oil prices declined on Tuesday, retreating from sharp gains in the previous session. Traders continued to assess the risk of immediate supply disruptions amid renewed U.S.-Iran tensions.
U.S. crude futures eased ​1% in early ‌Asian trade on Tuesday as ​the market ​gauged the impact of Iranian ⁠attacks on ​ships in ​the Strait of Hormuz and a fire ​at a ​UAE oil port.
Chevron Chairman and CEO ​Mike Wirth said ‌on Monday that physical shortages in oil ​supply would ​begin appearing around the ⁠world because of ​the closure of ​the Strait of Hormuz, thr
Oil prices rose sharply and stocks fell after fighting in the Iran war flared for the first time in weeks.
Oil prices soar as traders focus on escalation in the Middle East.
Global oil stocks are approaching their lowest level in eight years, Goldman Sachs ​said on Monday, warning that the speed ‌of depletion was becoming a concern as supplies through the Strait of Ho
U.S. crude oil stockpiles were expected to have fallen last week, while distillate and gasoline inventories also likely ​fell, a preliminary Reuters poll showed on Monday.
The action was stronger in the oil market, where the price for a barrel of Brent crude leaped 5.7% to $114.28.
Oil rose once again on signs of heightened tensions in the Strait of Hormuz as Iran attacked a tanker with drones. Ellen Fraser, Partner and Energy Expert at Baringa, discusses oil's continued supply
Average Russian oil price used for ​taxation purposes increased in ‌April to $94.87 per barrel, highest since September 2014, ​according to the ​economy ministry's data published on ⁠Monday,
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