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$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
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
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
Oil Price Forecast: WTI and Brent Set Up for the Next Breakout
12:56am, Thursday, 21'st May 2026
Oil prices rebound as Hormuz supply risks, falling U.S. inventories and bullish technical patterns keep WTI and Brent supported despite short-term corrections.
US energy storage additions hit a first-quarter record, report shows
12:04am, Thursday, 21'st May 2026
U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record high for the quarter, an industry report showed on Thursday.
Saudi Arabia to burn more oil for power this summer as gas output falls
11:04pm, Wednesday, 20'th May 2026
Saudi Arabia is expected to burn more imported fuel oil for power generation this summer following a loss of natural gas supply from oilfields that have been shut after the Iran war curbed its oil
Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns
09:03pm, Wednesday, 20'th May 2026
Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a U.S. inventory draw raised worries about t
Oil Futures Rise on Likely Technical Recovery
08:19pm, Wednesday, 20'th May 2026
Oil futures rose in early Asian trade on a likely technical recovery after the futures posted back-to-back losses overnight.
Wednesday's Final Takeaway's: Crude Oil Prices & Samsung Union
06:00pm, Wednesday, 20'th May 2026
Marley Kayden talks about crude oil prices dropping back below $100 while Sam Vadas touches on Samsung's union announcement holding off on their worker's strike, where they demanded better compensatio
More gasoline price shocks might hit US drivers this summer travel season
05:35pm, Wednesday, 20'th May 2026
As millions of travelers hit the road for the U.S. Memorial Day holiday weekend, high gasoline prices fueled by ongoing supply disruptions from the war with Iran are set to add financial strain for
Metals recover as Iran talks cool oil, Fed minutes cap risk - Kitco PM Report
05:24pm, Wednesday, 20'th May 2026
Spot gold prices are sharply higher and spot silver prices are sharply higher after the close Wednesday, as oil prices fell on U.S.-Iran diplomacy and signs of renewed tanker movement through the Stra
