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At Close: Jun 04, 2026
BP has flagged "exceptional" oil trading performance in updated first quarter guidance. In its latest trading statement, the oil giant also said its net debt at the end of the first quarter was expect
BP PLC (LSE:BP.) said its first-quarter results will be shaped by volatile commodity markets, with stronger trading and refining margins partly offset by higher costs.
Oil prices remain elevated due to supply disruption from the Strait of Hormuz, with volatility likely to persist until shipping resumes, while bullish technical structures in WTI and Brent suggest fur

Oil Falls on Hopes for U.S.-Iran Peace Talks

09:29pm, Monday, 13'th Apr 2026
Oil fell in early Asian trade. President Trump said that the “right people” in Iran still want a U.S.-Iran deal after talks in Pakistan over the weekend ended without an agreement.
Investors are weighing a U.S. blockade of Iranian shipping against signs that Washington and Tehran may still continue talks. U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran
ANZ now expects Brent crude to end the year at $88 a barrel and remain above $90 a barrel for ​the rest of 2026, up from its earlier forecast that had ‌assumed prices closer to $80, due to the los
U.S. crude futures fell ​more than $1 in ‌early Asian trade on Tuesday as ​traders balanced heightened ​supply risks linked to ⁠a U.S. blockade ​of Iranian shipping ​in the Strait of Hor
The WTI-Brent spread isn't telling the whole story about what is going on in the oil market.

Oil Prices Rise as US Starts Blockade of Iran

02:55pm, Monday, 13'th Apr 2026
Rebecca Babin, CIBC Private Wealth senior equity trader and managing director, talks about rising oil prices after the US starts blocking ships transiting to and from Iranian ports. She says it could
Oil prices moved away from recent highs as traders focused on the potential second round of negotiations between U.S. and Iran.
Crude oil prices jumped on Monday as the U.S. Navy imposed a blockade on Iran's ports after peace talks failed over the weekend. CNBC's Pippa Stevens has the latest.
Oil production has dropped sharply in Saudi Arabia, Iraq, the United Arab Emirates and Kuwait due to the Iran war, according to OPEC's monthly report. Production in Iran, meanwhile, has edged slightly
The oil markets continue to see a lot of pressures, as the talks over the weekend between the Iranians and Americans failed to produce any real results. With this, supply will continue to be a major i
Wall Street is heading into one of its busiest weeks of the quarter, with earnings season kicking off, fresh inflation data on deck, and a steady drumbeat of Federal Reserve commentary likely to keep
OPEC's crude oil production plunged in March as the near-closure of the Strait of Hormuz forced key members to curb output and divert exports to alternative routes.
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