NYSEARCA:UCO

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At Close: Jun 18, 2026
A strong start to the week could be in store for financial markets after the U.S. and Iran reached a peace deal over the weekend.
The world is guzzling so much oil from commercial and strategic inventories that they risk falling below their minimum operating levels.
Brent crude oil futures may fall to around $80 per barrel by year-end if Strait of Hormuz isn't closed again, CBA said.
The U.S. has reached a peace deal with Iran, both President Donald Trump and Pakistani mediators said Sunday evening, with the president also announcing in a post on Truth Social an end to the U.S. bl
Oil prices ​slipped on Monday ‌after U.S. President Donald ​Trump and ​Iran's deputy foreign minister ⁠said ​they have reached ​a deal to halt the war ​and ​to resume traffic through
President Donald Trump said Sunday that the U.S. has agreed to a peace deal with Iran, ending months of hostilities that shut the Strait of Hormuz and sent the global economy into an oil shock.
Executive insights from CVX confirm that the floating shadow inventory used to mask the global deficit is officially exhausted. Comprehensive modeling from XOM indicates that crude is coiled to violen
Permian Resources' latest quarterly report, filed this spring, names “artificial intelligence and its application in our industry” as a risk to the business. The same filing repeats a line that ha
President Donald Trump posted on Truth Social that a deal to end the war with Iran will be signed on Sunday. He added that the Strait of Hormuz will be opened immediately after the signing.
Pakistan said an interim US-Iran deal to reopen the Strait of Hormuz could be finalized within 24 hours, raising expectations that the sides may be nearing a broader agreement after recent skirmishes
The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop the crude market from going haywire.
The U.S. and Iran reportedly could sign a peace deal in the next few days. It would reopen the Strait of Hormuz to oil tanker traffic.
The extreme ​volatility of global oil prices has drained liquidity from the market this year at the fastest pace ‌on record, as investors have become increasingly wary of committing cash to an ass
Since the start of ​the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply ‌and to predict the price of oil.

CME to offer 24/7 gold and oil trading

11:23am, Friday, 12'th Jun 2026
Geopolitical uncertainty doesn't take the weekend off, and neither will gold and oil futures as the CME prepares to launch 24/7 trading.
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