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Buy USO
$140.86
+3.59 (+2.62%)
At Close: Jun 03, 2026
Oil Rises Amid Signs of Rising Strait of Hormuz Tensions
08:29pm, Thursday, 07'th May 2026
Oil rose in early Asian trade amid signs of rising tensions in the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is typically transported.
Oil futures rise after U.S., Iran trade fire; stock futures quiet after court rejects Trump's tariffs
07:34pm, Thursday, 07'th May 2026
Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald
US oil prices jump on US-Iran hostilities
06:20pm, Thursday, 07'th May 2026
U.S. crude futures rose as much as 3% in early trading on Friday after renewed hostilities broke out between the U.S. and Iran.
Thursday's Takeaways: Oil Prices in Focus Ahead of Jobs Report
06:01pm, Thursday, 07'th May 2026
Marley Kayden and Sam Vadas close out Thursday's market action with a glimpse at the energy markets as crude oil prices continue to be volatile with back-and-forth updates out of the Middle East. Plus
Crude Oil Price Forecast: Triangle Pattern Signals Volatility Contraction
05:04pm, Thursday, 07'th May 2026
Crude oil continues consolidating near key moving average support as a developing triangle pattern points to a potentially sharp volatility breakout in coming weeks.
Permian to US Gulf Coast crude pipeline operational after oil spill
03:28pm, Thursday, 07'th May 2026
A pipeline that ships crude oil between the Permian basin in West Texas and Houston was fully operational on Thursday after a brief outage due to a leak, operator ONEOK said.
Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
03:16pm, Thursday, 07'th May 2026
Shell CEO Wael Sawan said it will take a long time to recover the supply lost due to the Iran war. Demand for jet fuel in the airline industry has been curtailed around 5%, Sawan said.
Oil Prices Whipsaw as US-Iran try to work out deal to end war
03:07pm, Thursday, 07'th May 2026
Oil dipped in a volatile session as the US waited on Iran's response to its proposal to end the war and reopen the vital Strait of Hormuz. West Texas Intermediate crude futures briefly dipped as much
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Away From Session Lows As Traders Wait For Iran's Response
02:39pm, Thursday, 07'th May 2026
Oil traders stay focused on the recent U.S. proposal to end the war in the Middle East.
Exclusive: Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows
01:45pm, Thursday, 07'th May 2026
A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major
Oil Prices Are Moving Like Crazy, Citi's Layton Says
11:00am, Thursday, 07'th May 2026
Max Layton, Citigroup Inc.'s global head of commodities research, says oil prices will keep "moving around like crazy" as traders parse the conflicting signals coming out of Washington about if the Ir
Crude Oil Price Analysis – Oil Drifts Lower on Peace Hopes
10:09am, Thursday, 07'th May 2026
Crude oil drops again on hopes of Middle Eastern peace, as traders continue to try to price in the idea of an end to the war.
Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts
08:49am, Thursday, 07'th May 2026
Diesel supplies sink to about a 20-year low as prices jump to $5.67 a gallon nationally — and it isn't yet peak summer travel
Iran deal optimism pushes oil price back below $100; UK builders hit by surge in costs – business live
08:01am, Thursday, 07'th May 2026
Rolling coverage of the latest economic and financial news
Exclusive: Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz
06:46am, Thursday, 07'th May 2026
The tankers shut off their location trackers to avoid Iranian attacks.
