Oil Slump Deepens While Tech Stocks Struggle
Micron falls for second day before turning higher after hours.
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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 4.5% As Tankers Openly Transit The Strait Of Hormuz
Oil markets are under strong pressure amid signs of normalization in the Strait of Hormuz.
Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz
Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery for the first time since the Iran war started in late February, signaling increased near-term supply.
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.
US oil executives see slight output growth, future outlook uncertain, survey says
U.S. oil executives expect domestic oil production to increase slightly at current prices but said geopolitical uncertainties and regulatory issues cloud their outlook for long-term planning, according to a Dallas Fed survey.
U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves
U.S. and global benchmark oil prices have dropped back to levels they haven't seen since before the U.S.-Israeli war with Iran started at the end of February, but it's not because risks associated with the conflict have suddenly disappeared.
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.
Crude Oil Price Analysis – Crude Oil Continues to Drop
Oil continues to see selling pressures on Wednesday, as we see a lot of celebrating of the peace that is coming. That being said, there will still be issues with the supply chain in the future.
Tech Crawls Back, U.S. Dollar Hits 52-Week High & Crude Oil Taps $70
Just as Micron (MU) readies to report earnings after Wednesday's closing bell, Kevin Hincks talks about his expectations for the overall tech trade ahead of the open. Equites do face pressure from the U.S. dollar hitting a 52-week high, though Kevin points to crude oil hitting $70 offering potential reprieve.
US CFOs in survey say firms mostly absorbed oil price shock
The U.S.-backed war against Iran touched off fears of stagflation last spring, but most company finance chiefs in a recent Federal Reserve survey said the resulting spike in energy costs prompted only small price hikes of their own and had little impact on their firm's demand.
More stranded oil tankers exit Hormuz, adding to global supply
Three stranded tankers carrying 5 million barrels of crude oil were exiting the Strait of Hormuz on Wednesday, with two heading to Asia, shipping data showed, as the interim deal between Iran and the U.S. unlocks more supply stuck in the Gulf, bringing down global prices.
Amid 2026 Energy Chaos, Oil And Gas Giants Prosper
What a frustrating time to be a giant oil and gas company. Somehow, despite President Donald Trump's war against Iran bringing about the greatest oil supply shock of all time, trapping 10% of global supply behind the Strait of Hormuz, oil prices topped out at only $111 per barrel in early April.
Moscow oil refinery hit by drone attacks is unlikely to resume production this year, sources say
Moscow's oil refinery will be offline for at least six months after suffering extensive damage in Ukrainian drone attacks, two industry sources said on Wednesday, complicating Russian efforts to tackle fuel shortages across the world's largest country.
Trump Calls for Lower Gasoline Prices as Oil Prices Fall on Hormuz Reopening
Brent and WTI prices were dropping Wednesday as more ships transit the Strait of Hormuz. President Donald Trump wants to see steeper drops in gas prices.
Buccaneer Energy reserves rise 18% as bank lifts oil price assumption
Buccaneer Energy Plc (AIM:BUCE, FRA:LMU1), the oil and gas company with production and development assets in Texas, said its proved reserves rose 18% in an independent review tied to its bank credit facility. The update was carried out in connection with the company's borrowing base with WAFD Bank, formerly Washington Federal Savings and Loan.
Natural Gas and Oil Forecast: Truce Stability vs Oil Weakness — Can NatGas Lead?
With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $70.82, Brent tests channel floor at $76.32, and NatGas holds $3.154.
Oil extends decline as Trump accuses oil firms of 'gouging' consumers
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased. Trump urged a DOJ probe into fuel prices, accusing oil companies of gouging consumers.
Trump instructs DOJ to probe oil companies over higher gasoline prices
U.S. President Donald Trump said on Wednesday that he has instructed the Department of Justice to look into oil companies for not lowering pump prices in line with falling crude costs.
Oil prices extend decline on expectations of smoother crude flows via Hormuz
Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz.