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$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
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
U.S. stock futures rise, oil falls as Trump touts new plan to partially reopen Strait of Hormuz
06:19pm, Sunday, 03'rd May 2026
U.S. stock-index futures rose and oil prices fell Sunday, after President Donald Trump said the U.S. will work to “free” neutral shipping that's been stranded in the Persian Gulf since the start o
Oil falls after Trump says US would help free ships stranded in Strait of Hormuz
06:15pm, Sunday, 03'rd May 2026
Oil prices dropped more than $1 a barrel on Monday after U.S. President Donald Trump said the United States would begin an effort on Monday morning to free up ships stranded
Stock, Oil Futures Poised to Trade Ahead of Jobs Week
04:36pm, Sunday, 03'rd May 2026
Uncertainty still grips markets as the U.S.-Israeli war in Iran enters its tenth week and the vital Strait of Hormuz remains effectively closed.
OPEC+ announces modest boost in oil production. But here's why it's a mostly symbolic move.
03:55pm, Sunday, 03'rd May 2026
In a largely symbolic move, the OPEC+ nations announced Sunday that they would slightly increase crude production in June, as the war with Iran continues to stifle the world's supply of oil.
Oil News: OPEC Production Hike Won't Move Market Until Strait Opens
03:41pm, Sunday, 03'rd May 2026
OPEC+ raised output for June but it means nothing while the Strait of Hormuz stays closed. The talks are stalled, inventory draws are real, and the risk stays skewed to the upside.
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
07:08am, Sunday, 03'rd May 2026
U.S. crude oil exports surged to a record 5.2 million barrels per day in April, according to data from commodities data firm Kpler. Exports are surging as buyers in Asia and elsewhere seek U.S. crude
OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
06:58am, Sunday, 03'rd May 2026
OPEC+ says it will raise oil output by 188,000 barrels per day in June. It was the cartel's first meeting since the shock departure of the United Arab Emirates last week.
OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say
03:58am, Sunday, 03'rd May 2026
OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies.
Russia Oil Exports Keep Flowing Despite Ukrainian Attacks
12:00pm, Saturday, 02'nd May 2026
Kyiv's audacious campaign of strikes has had only a modest impact on the gusher of oil money that has shored up Moscow's finances amid the Iran war.
Iraq says oil output, exports can recover within a week once Hormuz crisis ends
11:31am, Saturday, 02'nd May 2026
Iraq can restore oil output and exports to normal levels within seven days of the end of the crisis over the Strait of Hormuz, Deputy Oil Minister Basim Mohammed said on Saturday.
America's biggest oil companies are making less money than before the Iran war
08:30am, Saturday, 02'nd May 2026
Even once the Strait of Hormuz reopens, it will take months for oil and gas flows to get back to normal, Exxon and Chevron warn.
OPEC+ agrees in principle on small oil output quota hike without UAE, sources say
06:42am, Saturday, 02'nd May 2026
Seven OPEC+ countries have an agreement in principle to raise oil output targets by about 188,000 barrels per day in June, pressing on with plans despite the departure of the UAE, two sources
