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Buy USO
$140.86
+3.59 (+2.62%)
At Close: Jun 03, 2026
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.
Lanxess sees oil price in range of $100-$110 per barrel
06:31am, Thursday, 07'th May 2026
Lanxess expects oil prices to stay high in the coming months, warning that elevated energy costs will continue to weigh on the chemicals sector after the conflict in the Middle East disrupted fu
Singapore's oil product stocks hit over nine-month lows as US-Iran war cuts supply
06:27am, Thursday, 07'th May 2026
Oil product stocks in Asia's oil hub Singapore hit their lowest in more than nine months after the U.S.-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursday.
Natural Gas and Oil Forecast: Ceasefire Holds — But WTI Crashes Below $96, Next Stop $91?
05:40am, Thursday, 07'th May 2026
With geopolitical risk fading, oil benchmarks turn lower on profit-taking and technical breakdowns. WTI confirms bearish channel break, Brent tests lower support, while NatGas faces continued pressure
Oil Edges Lower as Investors Remain Cautious Ahead of Iran Response
04:48am, Thursday, 07'th May 2026
Stocks gained as investors awaited Iran's response to a U.S. memo that would declare an end to the conflict and gradually reopen the Hormuz Strait.
Oil Prices Drop Further. What Comes Next in U.S.-Iran Peace Talks.
04:08am, Thursday, 07'th May 2026
Brent crude and WTI futures were falling early Thursday amid positive noises about a U.S.-Iran peace deal.
Oil Prices Recover as Tight Supply Offsets Middle East Peace Optimism
12:54am, Thursday, 07'th May 2026
Oil prices recovered after Wednesday's sharp drop as traders remained cautious about the Middle East peace outlook, while tight supply and falling U.S. inventories kept Brent and WTI supported.
Oil rises as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks
08:58pm, Wednesday, 06'th May 2026
Investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S. President Donald Trump said Wednesday Iran will be bombed "at a
Oil Futures Rise on Likely Technical Recovery
08:17pm, Wednesday, 06'th May 2026
Oil futures rose in early Asian trade on a likely technical recovery after dropping overnight.
US oil prices rebound as investors assess prospects for a Middle East peace deal
06:41pm, Wednesday, 06'th May 2026
U.S. crude futures rose about $1 in early trade on Thursday, rebounding from the previous day's losses, as investors assessed prospects for a Middle East peace deal.
Traders point to suspicious activity in the oil market on Wednesday
06:36pm, Wednesday, 06'th May 2026
Oil contracts worth $1.7 billion changed hands in the hour before an Axios report sent oil prices lower Wednesday. Some experts are calling the spike in activity suspicious.
Gold jumps above $4,690 as oil tumbles, Wall Street closes at fresh records - Kitco PM Report
05:27pm, Wednesday, 06'th May 2026
Spot gold prices are sharply higher and spot silver prices are also strongly firmer late in North American trading Wednesday, as weaker-than-expected U.S. labor data, a softer oil market and renewed g
Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
03:59pm, Wednesday, 06'th May 2026
Jet fuel exports have plunged due to the closure of the Strait of Hormuz. European airports have warned that the EU will face a "systemic jet fuel shortage" if the strait does not reopen.
