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At Close: Jun 03, 2026
Goldman says global oil stocks approaching eight-year low, depletion speed a concern
02:52pm, Monday, 04'th May 2026
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
US crude, products inventories seen down last week
01:18pm, Monday, 04'th May 2026
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.
Dow tumbles 400 points, oil spikes 5% as Iran tensions stoke fear on Wall Street
12:40pm, Monday, 04'th May 2026
The action was stronger in the oil market, where the price for a barrel of Brent crude leaped 5.7% to $114.28.
Oil Rises as US Hormuz Plan Leaves Shipowners Guessing
11:07am, Monday, 04'th May 2026
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
Russian oil price used in tax calculations rises to $95/bbl in April, highest since September 2014
10:54am, Monday, 04'th May 2026
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,
Crude Oil Price Analysis – Oil Rallies Early on Monday
10:42am, Monday, 04'th May 2026
The oil markets continue to see a lot of noise, as the concerns about the idea of the Strait of Hormuz being “opened” by the American military has traders concerned.
Oil Prices Flat As U.S. Starts ‘Project Freedom' In Strait Of Hormuz
09:45am, Monday, 04'th May 2026
Oil prices moved sideways on Monday after U.S. president Donald Trump said the country's navy would attempt to ease the disruption caused by Iranian threats to the Strait of Hormuz.
Spot gold softer in thin trade as oil rebound, U.S.-Iran uncertainty cloud rate outlook
09:43am, Monday, 04'th May 2026
Spot gold prices are lower and spot silver prices are also weaker in early U.S. trading Monday, pressured by a firmer inflation-risk backdrop as crude oil prices rebounded on renewed Persian Gulf tens
‘Misplaced euphoria': Markets are sleepwalking into a recession amid Iran war oil price shock
08:50am, Monday, 04'th May 2026
Energy costs have soared since the Iran war started, and rising stock markets suggest investors are underplaying the effect of elevated costs. Market pros fear “a big recession”, as chemicals, foo
Oil prices climb after disputed report of Iran strike on U.S. warship in the Strait of Hormuz
07:16am, Monday, 04'th May 2026
Oil is off to a volatile start to the week on a disputed report of a strike on a U.S. Navy ship in the Strait of Hormuz.
Natural Gas and Oil Forecast: UAE OPEC Exit Ignites Crude Volatility – Will $116 Break?
06:32am, Monday, 04'th May 2026
Oil prices surge as Gulf production shut-ins and UAE's OPEC exit rattle markets. WTI eyes $110 while natural gas struggles under heavy supply and mild weather.
OPEC Is Losing Its Grip on Global Oil. Volatility Will Follow.
06:00am, Monday, 04'th May 2026
With the U.A.E.'s exit, the group of oil exporting countries will have less capacity to stabilize prices, Ben Cahill writes.
Why Oil Prices Are Rising Despite Trump's Plan to Unblock the Strait of Hormuz
04:58am, Monday, 04'th May 2026
The president said that the U.S. had told countries it would “guide their Ships safely out of these restricted Waterways.”
U.S. navy to guide stricken tankers through Strait of Hormuz
04:17am, Monday, 04'th May 2026
U.S. President Donald Trump pledges to help guide stranded tankers through the Strait of Hormuz, using as many as 15,000 troops and 100 aircraft. The European Commission is mulling a response after Pr
Oil prices still don't reflect the one-million-barrel loss due to the Iran War: ANZ
03:13am, Monday, 04'th May 2026
ANZ's Daniel Hynes says a dramatic drawdown in global crude inventories will finally push markets to understand the reality of the situation, as markets currently assume the Strait of Hormuz will reop
