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Buy USO
$140.86
+3.59 (+2.62%)
At Close: Jun 03, 2026
China oil import cut, higher US exports wrongfoot market bulls
02:16pm, Thursday, 21'st May 2026
As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed to predict a market Armageddon if the U.S.-Iran war dragged on and the Stra
OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources say
10:33am, Thursday, 21'st May 2026
Seven leading OPEC+ oil-producing countries will likely agree to a modest hike to July output when they meet on June 7, four sources said, though delivery for several remains disrupted by the Iran
Gold tests $4,500 as oil rebounds on Iran risk - Kitco AM Report
09:24am, Thursday, 21'st May 2026
Spot gold and silver prices are lower in early U.S. trading Thursday, as oil rebounded on renewed U.S.-Iran friction and Treasury yields held near the 4.6% area.
Crude Oil Price Analysis – Oil Continues to See Range Form
09:18am, Thursday, 21'st May 2026
Crude oil rallies slightly in the early part of the session on Thursday, as the back and forth is a feature of this market, not a “bug.”
Oil prices jump more than 2% after Iran supreme leader says uranium must remain in country
08:45am, Thursday, 21'st May 2026
Two senior Iranian sources told Reuters that Ayatollah Mojtaba Khamenei issued a directive that the enriched uranium must remain in the Islamic Republic. Oil prices traded higher in the wake of the re
Coastal Africa Group targets AIM listing to pursue West African oil and gas acquisitions
07:40am, Thursday, 21'st May 2026
Coastal Africa Group, a newly incorporated company focused on oil and gas acquisitions across West Africa, has announced its intention to float on AIM in early June. The company will list as an invest
Oil markets could enter ‘red zone' by July as stocks dwindle ahead of summer travel season, IEA chief says
07:39am, Thursday, 21'st May 2026
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is a full and unconditional reopening of the strategically vital Strait of Hormuz.
Oil market could hit 'red zone' in July-August, IEA chief says
07:35am, Thursday, 21'st May 2026
The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the "red zone" in July-Augu
No full Hormuz flows until first half of 2027, UAE's oil giant says
06:40am, Thursday, 21'st May 2026
Full oil flows through the Strait of Hormuz will not return before the first or second quarter of 2027, even if the Middle East conflict ended now, the head of the United Arab Emirates' state oi
Trump's Record Oil Reserve Drawdown Is Becoming A One-Way Bet
06:27am, Thursday, 21'st May 2026
America's emergency oil reserve is shrinking at a record pace. Find out why the SPR buffer is disappearing as oil tops $100.
As Iran war drags on, this is how quickly global oil stocks are being depleted — and travel season is starting soon
05:39am, Thursday, 21'st May 2026
Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.
Why Oil Prices Are Staying Around $100 a Barrel
05:38am, Thursday, 21'st May 2026
President Donald Trump said Iran negotiations were in their "final stages."
Indonesian export shake-up hands investors a buying opportunity in London-listed palm oil producers
04:41am, Thursday, 21'st May 2026
A sell-off in London-listed palm oil producers triggered by an opaque Indonesian government announcement on export controls looks increasingly like an overreaction, with both REA Holdings and M.P. Eva
Natural Gas and Oil Forecast: WTI Drops to $98.85 as Brent Tests $105 — NatGas Breakout Confirmed?
04:33am, Thursday, 21'st May 2026
Oil and Natural Gas trade calmly as the Middle East truce holds firm. WTI suffers channel breakdown to $98.85, Brent tests lower support, and Natural Gas rebounds strongly toward $3.15 on positive RSI
Malaysian palm oil groups worried Indonesian export revamp could cause short-term disruption
03:36am, Thursday, 21'st May 2026
The Malaysian palm oil industry is concerned that Indonesia's plan to centralise exports of key commodities, including palm oil, could temporarily disrupt export flows and weigh on market sentiment
