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Crude oil prices slipped as Iran and Oman discussed a temporary Strait of Hormuz transit corridor, easing supply disruption fears. This development, coupled with larger-than-expected API crude invent…
Oil prices rose in volatile trade after ship attacks in Hormuz and Bab el-Mandeb heightened Middle East supply fears, though a surprise 9.1M barrel US crude stockpile build capped gains.
Brent crude oscillates below $93 as traders weigh geopolitical tensions against stable supply flows. While US-Iran risks remain, diplomatic efforts in the UAE and cooling rhetoric suggest a reduced l…
U.S. distillate inventories rose by 1.5 million barrels last week, providing short-term relief. However, analysts warn that long-term inventory trends remain tight, potentially keeping diesel prices …