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Buy XOP
$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
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.
Oil Declines on US-Iran Ceasefire Optimism
01:46am, Friday, 29'th May 2026
Oil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days. Brent is set for its biggest monthly drop since 2020 on optimism that flows through the Strait of Hormuz may resume.
Saudi Arabia may lower July oil prices to Asia as demand weakens
10:52pm, Thursday, 28'th May 2026
Saudi Arabia is likely to cut its official selling prices (OSPs) for crude oil to Asia in July for a second month, a Reuters survey showed, as spot premiums eased on sluggish demand despite supp
Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs
10:07pm, Thursday, 28'th May 2026
World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and
Oil falls slightly on reports of potential US-Iran ceasefire deal
09:16pm, Thursday, 28'th May 2026
Oil futures fell slightly on hopes for a potential deal to extend a U.S.-Iran ceasefire, although remarks from Vice President JD Vance that the nations were "close" to reaching a deal but "not t
Oil Falls on Optimism Over Potential U.S.-Iran Deal
08:06pm, Thursday, 28'th May 2026
Oil fell in early Asian trade on optimism over a potential U.S.-Iran deal that could ease supply-disruption concerns.
