Oil traders weigh their next moves after recent developments in the Middle East.
Gasoline inventories decreased by 2.1 million barrels from the previous week.
Crude oil steadies near key moving averages as traders await EIA data and monitor Iran-Israel ceasefire and Fed rate signals.
Dan Pickering, Founder and CIO of Pickering Energy Partners, sees supply and demand concerns returning to the forefront of the oil market with the removal of geopolitical risk from the Israel-Iran cea
The surprising Israel – Iran truce put significant pressure on oil prices.
Oil traders react to Iran's attack on U.S. military base in Qatar.
Traders believe that chances of a direct U.S. strike against Iran have declined.
WTI and natural gas stay supported amid tight inventories and rising geopolitical risks, keeping bullish momentum intact despite short-term volatility.
Oil traders focus on potential negotiations between U.S. and Iran.
Trump declined to comment whether U.S. will join Israel in its military operation against Iran.
Oil traders react to EIA data and focus on Trump's comments on Iran.
Oil markets rally as traders bet that U.S. will officially join Israel in its military operation against Iran.
HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that it has come to a settlement agreement with two of its largest surety pro
WTI crude faces renewed selling below $72.15, with MACD weakening and key support at $69.52 now in focus as volatility continues amid global uncertainty.
Recent reports indicate that Iran may seek truce with Israel.
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