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At Close: Jun 03, 2026
US government's energy arm assumes Strait of Hormuz will stay shut through late May
12:06pm, Tuesday, 12'th May 2026
The U.S. Department of Energy's statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month,
Russia revises down oil and gas production and exports forecasts for 2026-2029, document shows
10:04am, Tuesday, 12'th May 2026
Russia has revised down numerous oil and gas forecasts for the next three years, including on crude and gas output as well as exports, the economy ministry said on Monday in its base case scenario.
Crude Oil Price Analysis – Oil Continues to Move Higher on Fears
09:42am, Tuesday, 12'th May 2026
The oil markets continue to move on the latest fear-driven headlines coming out of the Middle East.
Oil rises as Trump says Iran ceasefire is "on life support"
08:23am, Tuesday, 12'th May 2026
U.S. President Donald Trump said the ceasefire with Iran is "on life support" after rejecting Tehran's latest counterproposal to end the war. CNBC's Dan Murphy has the latest from Abu Dhabi.
Why High Oil Prices Are a Time Bomb for the Tech-Led Rally
06:38am, Tuesday, 12'th May 2026
Stocks are nearing the midday point of a massive second quarter. The rally is starting to look vulnerable.
U.S.-Iran Cease-Fire Is on ‘Life Support,' Trump Says. Oil Prices Rise.
04:56am, Tuesday, 12'th May 2026
Brent crude and WTI prices were up again as President Donald Trump rejected Iran's response to the U.S.'s peace offer.
Natural Gas and Oil Forecast: Ceasefire Holds — WTI Reclaims $101, Brent Holds $106 — NatGas Struggles at $2.92?
04:41am, Tuesday, 12'th May 2026
With geopolitical risks fading, oil benchmarks return to supply-demand dynamics. WTI bounces strongly above $100 targeting $103, Brent defends ascending channel at $106.84, while Natural Gas remains c
Oil Rose on Middle East Uncertainty; U.S. Inflation Eyed
04:21am, Tuesday, 12'th May 2026
Oil rose on continued uncertainty that a peace deal will be agreed to any time soon between the U.S. and Iran, after U.S. indexes hit new highs again Monday on rising energy and AI stocks.
European shares fall as fading US-Iran peace hopes lift oil prices
04:02am, Tuesday, 12'th May 2026
European shares fell sharply on Tuesday as fading hopes of a peace deal between the United States and Iran pushed oil prices higher and weighed on investor sentiment across the region. Markets remaine
Behind Big Oil's first-quarter beat: The quiet rise of trading desks
01:00am, Tuesday, 12'th May 2026
Oil and gas giants benefited significantly from their trading desks through the first quarter. These units are specialized divisions that buy, sell and transport physical oil and gas while managing pr
Oil Technical Analysis: Hormuz Disruption Risk Signals Bigger Move Ahead
12:26am, Tuesday, 12'th May 2026
Brent and WTI remain supported by tight supply and Middle East risk, with key technical levels signaling a possible breakout if tensions persist.
Oil prices rise as fragile US-Iran talks sustain supply worries
08:34pm, Monday, 11'th May 2026
Oil prices rose in early Asian trade on Tuesday as negotiations to end the war between the United States and Iran appeared fragile, with Tehran's response to a U.S. proposal highlighting stark diff
Oil Edges Higher as Markets Weigh Prolonged Hormuz Strait Closure
08:27pm, Monday, 11'th May 2026
Oil edged higher in early trade as markets weigh the prospects of a prolonged closure of the Strait of Hormuz,
Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
08:25pm, Monday, 11'th May 2026
President Donald Trump said the ceasefire with Iran was on "life support," after rejecting Tehran's latest proposal to end the war. Trump told reporters that the state of the ceasefire is "unbelievab
Oil price charts produced a pattern not seen in 36 years. What happened last time?
06:29pm, Monday, 11'th May 2026
The recent rally in oil prices may feel unique, but one technical measure says it's only been 36 years since the last time they've rallied so far so fast.
