WTI and Brent remain bullish as Hormuz traffic falls sharply, while rising U.S. crude and natural gas inventories provide a domestic supply buffer.
Oil futures fell on a likely technical correction after the futures rose for a fifth consecutive session on Thursday.
Treasury Secretary Scott Bessent told reporters Thursday, Aug. 20, 2026 that “We've got a spike in oil prices today that I don't really understand.
Oil markets balance rising U.S. crude inventories and softer demand against persistent Hormuz supply risks, while global LNG conditions tighten.
Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz.
Oil edged higher in early Asian trade amid lingering tensions in the Middle East, which could lead to more supply disruptions.
U.S. commercial crude oil inventories rose by 4.4 million barrels last week in a third consecutive build, according to the Energy Information Administration.
Oil rose in Asian early trade amid growing concerns over supply disruptions.
Ahead of the bell Good morning. If you were hoping for a quiet Tuesday, the futures screen has other ideas.
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