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Buy XOP
$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
Oil Prices Are Down. The Supply Problem Isn't Fixed.
11:59am, Friday, 29'th May 2026
Crude oil prices have posted their biggest weekly drop since the pandemic, but analysts warn supply disruptions and inventory shortages could keep energy markets under pressure.
Oil prices slide as Trump says the U.S. is close to an Iran deal
11:48am, Friday, 29'th May 2026
President Donald Trump said a “final determination” is coming on Iran.
Oil prices fall after Trump says he will make final determination on Iran deal
11:31am, Friday, 29'th May 2026
Oil prices fell Friday after President Donald Trump said he is meeting in the White House Situation Room to make a final determination about a deal with Iran.
Crude Oil Price Analysis – Crude Oil Continues to Trade the Range
11:16am, Friday, 29'th May 2026
Crude oil continues to look for the floor of the range we have been in. As things continue to play out in the Middle East, traders continue to watch every headline.
Oil sees worst month since Covid – everything you need to know
10:21am, Friday, 29'th May 2026
Ritika Gupta runs through the market moves of May - as stock markets clock record highs, and oil prices slump.
Chevron CEO Wirth on Oil Prices, Strait of Hormuz, Venezuela
09:16am, Friday, 29'th May 2026
Chevron Chairman & CEO Mike Wirth discusses the impact of the war in Iran on oil prices and global supplies, multiple attacks this week on vessels transiting the Strait of Hormuz, the company's view o
Iran ceasefire hopes outrun reality as oil inventory drawdowns deepen, RBC warns
07:47am, Friday, 29'th May 2026
Reports of an imminent ceasefire in the Iran conflict are running well ahead of reality, RBC Capital Markets has warned, as global oil inventories continue to drain at a pace that may be more severe t
Analysts hike oil forecasts again as energy flows face slow recovery
07:22am, Friday, 29'th May 2026
Analysts have increased their 2026 oil price forecasts for the third time since the Iran war began at the end of February, as they cite a months-long timeline for energy flows to normalise to pre-c
Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks
06:51am, Friday, 29'th May 2026
Brent crude, the global oil price benchmark, is down almost 19% for the month of May. The U.S. and Iran are said to have "mostly agreed" to a 60-day memorandum of understanding that would pause hostil
AI Has Made Memory Chips More Valuable Than Oil
05:30am, Friday, 29'th May 2026
Micron, Samsung and SK Hynix are cheap despite their $1 trillion valuations if long-term contracts stabilize the sector.
Oil Prices Set For Biggest Monthly Drop in 6 Years on Hope for U.S., Iran Peace Deal
05:10am, Friday, 29'th May 2026
Brent crude prices have fallen $18 in May, the sharpest drop in dollar terms since early in the Covid-19 pandemic.
Natural Gas and Oil Forecast: WTI Below $92 While Brent Tests $95 — NatGas Breakout in Play?
05:00am, Friday, 29'th May 2026
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI plunges below $92 after channel violation, Brent defends $95.01 support, and Natural Gas holds steady
Oil Falls though U.S. Futures Unmoved as Bessent Says U.S.-Iran Deal in Sight
04:28am, Friday, 29'th May 2026
Oil prices pulled back on renewed optimism that the U.S and Iran were closing in on a deal that would reopen the Strait of Hormuz, but U.S. stock futures were largely flat.
Crude oil on track for second weekly loss amid Hormuz deal hopes
03:52am, Friday, 29'th May 2026
Brent crude and WTI, its US counterpart, are heading for a second consecutive weekly decline as traders bet that a diplomatic resolution to the US-Iran conflict will eventually reopen the Strait of Ho
Oil falls back on renewed peace agreement optimism
02:53am, Friday, 29'th May 2026
Oil dips after a White House official says the U.S. and Iran are close to a temporary peace agreement. Vice President JD Vance says he feels ‘pretty good' about how negotiations are progressing.
