… In the U.S., crude and gasoline inventories rose and distillate stockpiles fell last week, the Energy Information Administration said on Wednesday. …
… Oil prices were also under pressure from a surprise build in U.S. commercial crude oil inventories, which posted their largest weekly gain since January 2023 last week as exports slumped, the Energy Information Administration said on Wednesday. …
… On the U.S. supply side, crude stocks rose by 2 million barrels last week, the Energy Information Administration said, as refinery runs eased and crude exports dropped while imports rose. …
… OIL PRICE FORECASTS CUT In the U.S., crude inventories fell by 3.8 million barrels to 408.4 million barrels last week, the lowest level since September 2018, as domestic refinery demand rose ahead of the July 4 holiday weekend, the Energy Information Administration said on Wednes …
… U.S. crude stockpiles reported by the Energy Information Administration are expected to have fallen by about 3.4 million barrels in the week to May 15, according to a Reuters poll. …
Oil prices declined on Thursday after Iran said it remains open to diplomacy to end the US-Iran war, though the two countries are far apart on terms. Brent crude fell 0.9% to $102.13 a barrel and West Texas Intermediate eased 0.7% to $91.56.
Oil prices declined on Thursday after Iran said it remains open to diplomacy to end the US-Iran war, though the two countries are far apart on terms. Brent crude fell 0.9% to $102.13 a barrel and West Texas Intermediate eased 0.7% to $91.56.
Oil prices rose modestly in early Thursday trade as investors assessed the US-Iran conflict and shipping security through the Strait of Hormuz. Brent crude for October delivery rose 0.3% to $91.87 a barrel, while both Brent and WTI benchmarks gained for a fourth straight session, with analysts citing Middle East tensions and uncertainty over peace talks as supporting elevated prices.
Oil prices dropped more than $1 per barrel on Thursday as OPEC and the International Energy Agency lowered global oil demand projections for 2026 due to disruptions from the U.S.-Israeli war on Iran, though supply constraints from the conflict provided support for the market.
Oil prices climbed on Wednesday as doubts over a U.S.-Iran peace deal and attacks on ships in the Middle East heightened supply concerns, with Brent futures gaining 0.81% to $89.63 a barrel and U.S. WTI crude rising 0.85% to $83.91.
Oil prices rose more than $3 a barrel on Wednesday after joint strikes in Iraq by the United States and Saudi Arabia and the interception of Iran's ballistic missiles aimed at U.S. forces in the Middle East. Brent futures increased 3.9% to $87.39 a barrel, while U.S. WTI crude rose 3.8% to $82.31 a barrel.
Oil prices rose more than 1.5% to their highest in more than six weeks as the United States launched new strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea. Brent crude futures rose to $96, while U.S. West Texas Intermediate crude rose to $88.27, driven by escalating tensions over control of key shipping routes including the Strait of Hormuz.
Oil prices declined more than 1% on Wednesday to their lowest levels since March, with Brent crude settling at $71.57 a barrel and U.S. West Texas Intermediate at $68.58, as optimism over U.S.-Iran negotiations in Qatar eased supply concerns following President Trump's statement that talks had gone well.
Brent crude futures closed at $73.74 a barrel on Wednesday, down 4.3%, after oil tankers resumed exiting the Strait of Hormuz with military escorts. U.S. Energy Secretary Chris Wright said around 20 million barrels exited the strait in the last 24 hours and that flows are now similar to pre-conflict levels, though Iranian mines had delayed normal navigation.
Oil prices jumped as Tehran declared the Strait of Hormuz closed following fresh U.S. strikes against Iran, with President Trump threatening further attacks. Brent futures rose 1.59% to $94.58 a barrel and U.S. crude climbed 1.90% to $91.74.
Oil prices fell on Wednesday after U.S. President Donald Trump asserted the war with Iran will end "very quickly," though investors remain cautious about peace talks and Middle East supply disruptions. Brent crude fell 0.8% to $110.40 a barrel and U.S. West Texas Intermediate fell 0.6% to $103.48.