NYSEARCA:UCO

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$36.64
+0.0800 (+0.219%)
At Close: Jun 18, 2026
Oil markets moved higher as traders focused on rising geopolitical tensions.
The U.S. Strategic Petroleum Reserve hits a three-year low of 349.2 million barrels, nearing levels not seen since the Reagan administration in 1983.
Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 7.2 million barrels in the week ended June 5. They were expected to have fallen by 2.9 million barrels, according to a Wal
Restoring a balanced crude oil market amid heavy inventory drawdowns ​will take a year and possibly ‌longer, Shell CEO Wael Sawan said on Wednesday.
Tumult on world markets in the past week shows the economic outlook is now on a knife edge, investors said, with equal odds of an AI boom lifting ​growth or oil shocks from the U.S.-Iran war pushing
U.S. crude stocks and distillate inventories fell while gasoline stockpiles rose last ​week, the Energy Information Administration said ‌on Wednesday.
Until the situation in the Middle East settles down a bit, I think it will be difficult to see oil completely fall apart. The supply chain will continue to be an issue going forward.
OPEC oil output ‌in May hit its lowest in more than two decades, a Reuters survey found, as a U.S. naval blockade cut Iran's exports and Iran's effective closure of ​the Strait of Hormuz slashed e
With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $86.44, Brent tests channel

U.S. Bombs Iran and Oil Prices Shrug It Off

04:31am, Wednesday, 10'th Jun 2026
Brent crude and WTI prices were showing relatively muted reactions to the resumption of direct conflict between the U.S. and Iran.
Oil prices rose on Wednesday after the U.S. launched military strikes against Iran. The U.S. military said it had completed strikes against Iranian military targets near the Strait of Hormuz.
Oil ​prices climbed about 1% on Wednesday, moving away from a seven-week low touched in ‌the previous session, after the U.S. military launched new strikes against Iran and as market data showed a
Oil rose on escalating supply disruption concerns caused by the exchange of attacks between the U.S. and Iran.
U.S. crude oil ​inventories fell last week ‌for an eighth consecutive week, according to ​market sources ​citing data from the American ⁠Petroleum Institute ​released on Tuesday, while ​
Crude oil breaks below a symmetrical triangle support zone, testing key moving averages and raising downside risk toward deeper support levels if resistance holds.
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