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$40.73
-0.407 (-0.99%)
At Close: Jun 18, 2026
OPEC, Allies Pledge Oil-Output Hike Even as Middle East War Chokes Exports
11:37am, Sunday, 07'th Jun 2026
The move is widely seen as symbolic as the war in the Middle East has choked off a critical waterway through which a fifth of the world's oil passes.
Oil News: Crude Oil Analysis Sees Higher Prices if Middle East Risks Return
10:19am, Sunday, 07'th Jun 2026
Crude oil prices fell as Middle East tensions eased, but tight inventories, record exports, and OPEC's demand outlook keep supply risks elevated.
S&P 500 companies can't stop talking about higher oil prices. But few say they'll actually hit profits.
10:00am, Sunday, 07'th Jun 2026
Listen to a few earnings calls this season, and you'll get the sense that CEOs are worried about high oil prices as the Iran war continues. But a look at the numbers shows those anxieties haven't had
OPEC+ to make small oil output quota hike for July
09:28am, Sunday, 07'th Jun 2026
Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in July, OPEC said in a statement after a meeting on Sunday.
OPEC+ set for fourth oil quota hike since Hormuz closure, sources say
03:08am, Sunday, 07'th Jun 2026
OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even though the U.S. war with Iran is still preventing several of the group's me
America's crude inventories are getting perilously low. But that's not the full story.
08:00am, Saturday, 06'th Jun 2026
There are growing worries that U.S. commercial oil inventories are too low for comfort as the war with Iran enters its fourth month far from a clear resolution — and a lot hinges on how much longer
Goldman Sachs says global oil demand takes big hit, sees risks to price forecast
05:28pm, Friday, 05'th Jun 2026
Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90 a barrel and WT
Record Resources sees major oil potential in Gabon – ICYMI
04:42pm, Friday, 05'th Jun 2026
Record Resources Inc (TSX-V:REC) earlier this week outlined the potential of its offshore Ngulu Block in Gabon, with management highlighting both a significant existing discovery and substantial explo
Iran's threats against this Red Sea chokepoint are a big vulnerability for the oil market
03:55pm, Friday, 05'th Jun 2026
Iran's Revolutionary Guard threatened this week to close the Bab el-Mandeb Strait, the trade chokepoint at the southern end of the Red Sea. The Bab el-Mandeb has acted as crucial relief valve for the
Oil Prices End The Week Lower On U.S.-Iran Diplomatic Moves
03:45pm, Friday, 05'th Jun 2026
Oil prices were in retreat on Friday after having risen for three straight sessions earlier in the week, as diplomatic overtures to bridge differences between the U.S. and Iran continue.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Dollar Rallies After NFP Report
02:40pm, Friday, 05'th Jun 2026
Oil markets are losing ground as traders prepare for the start of the rate hike cycle.
Global oil inventories depleted, next price spike could roil economies, markets
12:24pm, Friday, 05'th Jun 2026
Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another
Oil News: Oil Outlook Darkens as Dollar Surge Pressures Futures
12:21pm, Friday, 05'th Jun 2026
Crude oil prices weaken as Iran talks reduce supply risks, the dollar surges, and WTI falls below its 50-day moving average, signaling downside pressure.
Companies to add 40 mln barrels of oil to US SPR after Iran war ends, energy secretary says
12:11pm, Friday, 05'th Jun 2026
Companies that borrowed oil from the U.S. Strategic Petroleum Reserve in recent months will add an extra 40 million barrels of crude in the form of premiums after the conflict in Iran is over, U
Crude Oil Price Analysis – Crude Oil Drops with Lack of Headlines
11:04am, Friday, 05'th Jun 2026
Crude oil drops a bit in early trading on Friday, perhaps due to a lack of major headlines. That being said, this is a market that is still waiting for clarity from the Middle East.
