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$122.98
-1.13 (-0.91%)
At Close: Aug 04, 2026
US crude stocks fall for ninth straight week, sources say
05:07pm, Tuesday, 16'th Jun 2026
U.S. crude oil inventories fell for a ninth straight week last week, according to market sources citing American Petroleum Institute data released on Tuesday, while gasoline stock
Crude Oil Price Forecast: Breakdown Extends Toward Key Support Zone
04:59pm, Tuesday, 16'th Jun 2026
Crude oil extends its decline after breaking key support levels, now approaching a major confluence zone near the 200-day and 200-week moving averages.
Oil Falls Below $80 For First Time in More Than Three Months
04:28pm, Tuesday, 16'th Jun 2026
Brent oil fell below $80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Stre
Potential Tropical Cyclone One forms off Texas coast, threatening dangerous flash flooding
02:49pm, Tuesday, 16'th Jun 2026
Potential Tropical Cyclone One has formed off the Texas coast, the U.S. National Hurricane Center said in a Tuesday advisory, warning of heavy rainfall and dangerous flash flooding along the energy
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 6% As Traders Prepare For The Flood Of Oil From The Middle East
02:45pm, Tuesday, 16'th Jun 2026
Oil markets are under strong pressure as traders bet on rising supply from Gulf countries.
U.S.-Iran deal allows Tehran to immediately sell oil, WSJ reports
12:01pm, Tuesday, 16'th Jun 2026
The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end war, the Wall Street Journal repo
ECB's Lane says oil prices closer to baseline scenario after Iran deal
09:30am, Tuesday, 16'th Jun 2026
The announced agreement between the United States and Iran has brought down oil prices to somewhere between the European Central Bank's baseline and its mild scenario, chief economist P
Fed's First Interest Rate Meeting Under Warsh Begins as Crude Oil Trickles Lower
09:30am, Tuesday, 16'th Jun 2026
A memorandum of understanding between the U.S. and Iran is moving toward a Friday signing. Kevin Hincks believes it will offer reprieve to markets concerned of heightened inflation, expecting crude oi
Crude Oil Price Analysis – Oil Continues to Fall as Peace Likely
09:12am, Tuesday, 16'th Jun 2026
The oil markets continue to see a lot of selling pressure, as the idea of peace allowing the flow of oil providing relief to the markets.
Oil price hits lowest since early March despite doubts over how quickly strait of Hormuz will reopen – business live
07:26am, Tuesday, 16'th Jun 2026
Rolling coverage of the latest economic and financial news
Spot oil premiums slip to pre-war levels after US-Iran deal, but shipping angst provides floor
06:10am, Tuesday, 16'th Jun 2026
Spot premiums for crude and some refined products in Asia have fallen back to pre-war levels following a U.S.-Iran deal to end the Middle East conflict, though caution about how soon normal shippin
Major Wall Street Banks Cut Oil-Price Forecasts on Faster Gulf Supply Recovery
06:09am, Tuesday, 16'th Jun 2026
Goldman Sachs and Morgan Stanley cut their oil-price forecasts with Persian Gulf flows expected to recover to prewar levels sooner than anticipated.
Jeff Currie Says Hormuz Flows May Not Normalize Until End of the Year
05:40am, Tuesday, 16'th Jun 2026
Jeff Currie, executive co-chairman at Abaxx Markets, says “the uncertainty remains quite high” around the Strait of Hormuz as maintaining the US-Iran ceasefire will be challenging. Currie looks at
The peace deal is in the price: Goldman Sachs lowers its oil-price target to market levels
05:07am, Tuesday, 16'th Jun 2026
Risks to oil price assumptions in the event of a finalized peace deal are two-sided but the Goldman Sachs report notes that the global economy adjusted very flexibly to the largest oil production shoc
Oil Prices Fall Further as Trump Says Strait of Hormuz Will Reopen This Week
04:47am, Tuesday, 16'th Jun 2026
Brent crude and WTI prices were falling again as President Donald Trump said the Strait of Hormuz could reopen as soon as Friday.
