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Buy USO
$140.86
+3.59 (+2.62%)
At Close: Jun 03, 2026
Brent surges to 4-year high as Trump eyes blockade extension, strikes
04:23am, Thursday, 30'th Apr 2026
Brent crude oil hits a war-time record of more than $123 per barrel after Axios reports U.S. President Trump is to be briefed on potential further strikes on Iran after rejecting Tehran's offer to re-
Shell and BP rise as Brent oil price surges above $125 on fears of US escalation of Iran war
03:47am, Thursday, 30'th Apr 2026
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) shares rose 0.9% and 0.5% after crude oil prices surged to their highest levels since the US and Israel opened war on Iran.
Oil Price Forecast: Hormuz Crisis Keeps Brent and WTI in Breakout Mode
12:47am, Thursday, 30'th Apr 2026
Oil prices extended their rally as the Hormuz crisis, Iranian port blockade, and Middle East conflict kept supply risks high, while Brent and WTI remained in breakout mode despite a possible OPEC+ out
Oil Prices Mixed; Prospect of Prolonged Strait of Hormuz Closure May Buoy
09:19pm, Wednesday, 29'th Apr 2026
Oil prices were mixed in early trade but may be buoyed by the prospect of a prolonged closure of Strait of Hormuz.
Oil extends gains with Brent at $120 as fears of an extended U.S.-Iran conflict rise
08:28pm, Wednesday, 29'th Apr 2026
Oil extended gains on Thursday as signs of a prolonged U.S. blockade on Iranian exports and stalled nuclear negotiations. Prices rose as the Wall Street Journal reported, citing U.S. officials, that D
Goldman says UAE's exit from OPEC raises medium-term oil supply upside risk
05:17pm, Wednesday, 29'th Apr 2026
Goldman Sachs on Wednesday said the United Arab Emirates exit from OPEC poses a greater upside risk to oil supply over the medium term than in the short term.
US Signals It Will Stick With Hormuz Naval Blockade
04:30pm, Wednesday, 29'th Apr 2026
The US signaled there will be no letup with its naval blockade of Iranian ports, as it tries to choke-off Tehran's oil exports and force it back to the negotiating table. The blockade lies at the hear
Hope Beneath the Headlines
02:47pm, Wednesday, 29'th Apr 2026
SUMMARY US' energy independence has helped mitigate negative economic effects of the oil price shock. Unit labor costs are growing at a slower rate, suggesting core inflation should moderate over time
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 7% As Trump Rejects Iran's Proposal
02:34pm, Wednesday, 29'th Apr 2026
Oil markets tested new highs amid worries about escalation in the Middle East.
Why United Arab Emirates Has Unshackled Its Oil Production From OPEC
01:55pm, Wednesday, 29'th Apr 2026
The United Arab Emirates - one of the world's leading producers of crude oil - has decided to quit the Organization of Petroleum Exporting Countries.
OPEC+ set to agree another oil output hike without UAE, sources say
01:39pm, Wednesday, 29'th Apr 2026
Seven members of OPEC+ are likely to agree another increase in oil output targets when they meet on Sunday, three sources with knowledge of discussions told Reuters, lowering the size of the
Fed expected to hold as soaring oil prices keep rate cuts off the table
11:58am, Wednesday, 29'th Apr 2026
With oil flirting near $120 a barrel and inflation refusing to cool, the Federal Reserve is expected to do the only thing it can on Wednesday: nothing. The decision would also mark what is likely Jero
U.S. Crude Oil Stockpiles Fall on Record Weekly Exports
11:16am, Wednesday, 29'th Apr 2026
Commercial crude oil stocks fell by 6.2 million barrels, and were about 1% above the five-year average for the time of year, the EIA said. Crude inventories were seen down by 100,000 barrels in a surv
US crude oil exports rose last week to record high, EIA says
11:11am, Wednesday, 29'th Apr 2026
U.S. crude oil exports rose to 6.438 million barrels per day last week, the highest on record, data from the Energy Information Administration showed on Wednesday.
Jet fuel bidding war breaks out as airlines confront ‘global stress test' over shortages and cancellations
09:03am, Wednesday, 29'th Apr 2026
Europe faces an acute logistics problem as the Iran war severely restricts flows from the Middle East. The International Energy Agency earlier this month warned that Europe could run out of jet fuel i
