NYSEARCA:PXJ

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$40.73
-0.407 (-0.99%)
At Close: Jun 18, 2026
The oil markets continue to see a lot of noise coming out of the Middle East as per usual, with this market worrying about supply and the latest military strikes. However, it looks like we are winding
Kuwait's oil inventories have declined sharply as a result of two Very ​Large Crude Carriers (VLCCs) which exported crude ‌through the Strait of Hormuz with their AIS transponders switched off, ac
Russian Urals crude has flipped to a discount against dated Brent at Indian and Chinese ports as a ​fall in demand from Asian refiners pressures prices, four trade ‌sources said.
Commerce Department data showed exports rose 2.6 percent in April to $327.1 billion.
President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.
Countries will build larger emergency crude reserves to reduce their vulnerability to future energy shocks.
Brent crude and WTI prices were dropping on Tuesday as Iran and Israel agreed to end direct operations against each other.
With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $89.00, Brent tests channel
Iraq and the UAE are fast-tracking alternative pipelines to reduce dependency on the Strait of Hormuz, which remains effectively shut. Oil comprised over half of Iraq's GDP in 2025 as the country rema
Oil prices remain under pressure as weak short-term technical signals offset the Middle East risk premium, while WTI and Brent stay volatile near key support areas.
Oil prices inched up in early trade on Tuesday after Iran and Israel left ​the door open to a possible resumption of attacks on each other, though ‌they had called a halt to hostilities following
John Deal and Melissa Armo discuss the Iran conflict and the spike in crude oil futures overnight after the Iran & Israel exchange fire. State media out of Iran says they will pull back military opera
Oil edged higher in early trade amid ongoing supply disruption concerns.
Marley Kayden discusses rising oil prices as tensions between Israel and Iran escalate. Sam Vadas highlights Nvidia's (NVDA) growing ties with South Korea, aimed at securing memory supply and expandin
Oil prices are highly sensitive to the conflict in the Middle East because the longer it lasts the longer traffic will remain depressed in the Strait of Hormuz. Even if an agreement is hammered out so
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