A world rejecting OPEC controls could usher in oil below $50 a barrel
Iraq's hint that it could exit OPEC is yet another source of potential tumult for the global oil market in 2026.
Oil Prices Make a Stunning Retreat to Prewar Levels. Where Do We Go From Here?
While a surge of tankers have exited the Strait of Hormuz, the market is expected to tighten again soon.
Crude Oil Price Forecast: Can Oil Rebound from Oversold Conditions?
Crude oil extends its corrective decline after breaking the 200-day moving average, with price approaching key Fibonacci support while oversold momentum conditions hint at potential stabilization.
Oil Crashes Below $70. Are Federal Reserve Interest Rate Hikes Behind Us?
Three months ago, investors were bracing for a very different economic outlook.The outbreak of the Iran war sent oil prices surging above $100 a barrel, gasoline costs climbed, and inflation suddenly reemerged as a major concern.
Next Year Will See An Oil Glut But Price Pressure Will Be Delayed
As always, there is a huge split between oil price bulls and bears which is hardly surprising given the massive uncertainty about the geopolitical environment. Will the ceasefire hold?
The Stock Market's June Anti-Swoon? Micron, Oil Prices, and Bond Yields Point the Way.
Micron has Wall Street tech bulls back in charge. Oil and bonds are helping too.
Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
Oil prices fell on Thursday, with Brent and WTI crude erasing wartime gains. Investors bet global crude supplies would improve after tankers that had been stranded in the Persian Gulf for months began leaving the Strait of Hormuz.
Oil Futures Fall Amid Signs of Further Easing in Mideast Tensions
Oil futures fell in early Asian trade after declining to their lowest level since the start of the U.S.-Iran conflict on Wednesday.
US oil prices briefly fall below $70 even as stocks dwindle at storage hub
Revived tanker movement through the Strait of Hormuz pushed U.S. crude prices below $70 a barrel briefly on Wednesday even though inventories at the country's crude storage hub in Cushing, Oklahoma have dropped to their lowest in 12 years.
Stocks Ignore Oil Slump as Tech, Fed, and AI Worries Weigh
Oil has plummeted in June, but stocks haven't responded. That could isolate a key risk over the second half of the year.
US Energy Secretary Wright says 20 mln barrels of oil exited Hormuz in last 24 hours
Some 20 million barrels of crude oil have exited the Strait of Hormuz in the last 24 hours, U.S. Energy Secretary Chris Wright said on Wednesday at the Reuters Global Energy Forum in New York.
U.S. Crude Oil Inventories Fall, Product Stocks Rise
Commercial crude oil stocks fell by 6.1 million barrels for a ninth consecutive decline, while gasoline and distillate fuel stocks posted increases.
