$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
Crude Oil Price Analysis – Oil Rallies Early on Monday
10:42am, Monday, 04'th May 2026
The oil markets continue to see a lot of noise, as the concerns about the idea of the Strait of Hormuz being “opened” by the American military has traders concerned.
Oil Prices Flat As U.S. Starts ‘Project Freedom' In Strait Of Hormuz
09:45am, Monday, 04'th May 2026
Oil prices moved sideways on Monday after U.S. president Donald Trump said the country's navy would attempt to ease the disruption caused by Iranian threats to the Strait of Hormuz.
Spot gold softer in thin trade as oil rebound, U.S.-Iran uncertainty cloud rate outlook
09:43am, Monday, 04'th May 2026
Spot gold prices are lower and spot silver prices are also weaker in early U.S. trading Monday, pressured by a firmer inflation-risk backdrop as crude oil prices rebounded on renewed Persian Gulf tens
‘Misplaced euphoria': Markets are sleepwalking into a recession amid Iran war oil price shock
08:50am, Monday, 04'th May 2026
Energy costs have soared since the Iran war started, and rising stock markets suggest investors are underplaying the effect of elevated costs. Market pros fear “a big recession”, as chemicals, foo
Is State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) a Strong ETF Right Now?
07:20am, Monday, 04'th May 2026
A smart beta exchange traded fund, the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) debuted on 06/19/2006, and offers broad exposure to the Energy ETFs category of the market.
Oil prices climb after disputed report of Iran strike on U.S. warship in the Strait of Hormuz
07:16am, Monday, 04'th May 2026
Oil is off to a volatile start to the week on a disputed report of a strike on a U.S. Navy ship in the Strait of Hormuz.
Natural Gas and Oil Forecast: UAE OPEC Exit Ignites Crude Volatility – Will $116 Break?
06:32am, Monday, 04'th May 2026
Oil prices surge as Gulf production shut-ins and UAE's OPEC exit rattle markets. WTI eyes $110 while natural gas struggles under heavy supply and mild weather.
OPEC Is Losing Its Grip on Global Oil. Volatility Will Follow.
06:00am, Monday, 04'th May 2026
With the U.A.E.'s exit, the group of oil exporting countries will have less capacity to stabilize prices, Ben Cahill writes.
Why Oil Prices Are Rising Despite Trump's Plan to Unblock the Strait of Hormuz
04:58am, Monday, 04'th May 2026
The president said that the U.S. had told countries it would “guide their Ships safely out of these restricted Waterways.”
U.S. navy to guide stricken tankers through Strait of Hormuz
04:17am, Monday, 04'th May 2026
U.S. President Donald Trump pledges to help guide stranded tankers through the Strait of Hormuz, using as many as 15,000 troops and 100 aircraft. The European Commission is mulling a response after Pr
Oil prices still don't reflect the one-million-barrel loss due to the Iran War: ANZ
03:13am, Monday, 04'th May 2026
ANZ's Daniel Hynes says a dramatic drawdown in global crude inventories will finally push markets to understand the reality of the situation, as markets currently assume the Strait of Hormuz will reop
Moody's Analytics warns oil at $125 could trigger a global recession
01:36am, Monday, 04'th May 2026
Moody's Analytics' Gaurav Ganguly expects the conflict to ease soon, with Asia-Pacific growth around 4% this year. He cautions that a prolonged Middle East conflict would drive oil prices higher, and
Oil prices rise in choppy trade as Trump plans to 'free' ships stranded due to Mideast conflict
08:48pm, Sunday, 03'rd May 2026
Oil prices rose in choppy trade Monday. Trump said the U.S. would attempt to "free" stranded cargo ships affected by the Strait of Hormuz closure.
Oil Declines Amid Mild Risk-on Sentiment
07:48pm, Sunday, 03'rd May 2026
Oil declined. Oil prices may be weighed by Trump saying Sunday that the U.S. would begin guiding commercial ships out of the Strait of Hormuz.
OPEC+ agrees on third oil output quota hike since Hormuz closure
06:24pm, Sunday, 03'rd May 2026
Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, OPEC+ said in a statement
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