The probability of a major oil supply disruption such as a closure of the Strait of Hormuz estimated from options has retreated to just 4% following the Israel-Iran ceasefire, Goldman Sachs analysts ...

Oil prices edged up slightly on Friday, recovering from a midday drop into negative territory following a report that OPEC+ ...

Front Month ICE Brent Crude for Aug. delivery lost $9.24 per barrel, or 12.00% to $67.77 this week --Largest one week net decline since the week ending March 17, 2023 ...

Crude oil had been holding gains, but recent market talk that OPEC and its allies are weighing another "super-sized" increase has sent West Texas Intermediate lower after topping out at more than ...

In the event, Monday proved a turning point. Tehran didn’t close the strait. Instead, it fired missiles on a nearly empty ...

The recent oil price spike ended as routinely as it arrived after hostilities ceased in the Middle East. So, where next for ...

China's oil imports from Iran surged in June as shipments accelerated before the recent conflict between Israel and Iran and ...

The risk premium on crude oil faded considerably this week with prices set for their steepest weekly fall since March 2023 on ...

Brent crude futures rose 54 cents, or 0.8%, to $68.26 a barrel by 0830 GMT while US West Texas Intermediate crude gained 60 cents, or nearly 0.9%, to $65.83 ...

Oil prices were edging higher in early trade, but remained on track for steep weekly losses as the geopolitical risk premium ...

Goldman Sachs reports that the risk of crude oil supply disruption in the Middle East has significantly decreased after a ...

The most-active August ULSD contract jumped 5.7cts to $2.3135/gal and July ULSD rose 7.65cts to $2.373/gal. August RBOB was 2.9cts higher at $2.095/gal and July RBOB was up 3.6cts to $2.1185/gal.