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Crude futures settled higher to cap a strong weekly rally, with WTI gaining 9.7% following U.S. strikes on Iranian targets and shipping disruptions in the Strait of Hormuz. A larger-than-expected 4.5…
Oil futures climbed for a third consecutive session driven by escalating U.S.-Iran tensions and a larger-than-expected 4.5 million barrel draw in U.S. crude inventories. Record-low seasonal diesel st…
WTI crude oil reached a six-week high following intensified US-Iran military strikes that heightened Strait of Hormuz disruption risks. Further upside was driven by an unexpected 4.45-million-barrel …
WTI crude oil rebounded from a 3.5-month low, climbing over 1% on technical buying and a massive EIA inventory draw. However, a downgraded global demand forecast by the IEA and potential geopolitical…
Brent crude retreated toward $94 as US strikes on Iran prompted hopes for renewed peace talks. Despite ongoing Strait of Hormuz disruptions and significant EIA crude inventory draws, the easing of im…
WTI crude oil prices surged to 1.5-week highs driven by escalating US-Iran geopolitical tensions and a significantly larger-than-expected draw in US crude inventories. Concerns over the Strait of Hor…
WTI crude oil rose 2% to $95.70 after EIA data revealed a surprise 7.97 million barrel inventory draw. While geopolitical tensions in the Middle East persist, market focus remains tight on shrinking …
WTI crude oil prices rose as geopolitical tensions in the Middle East disrupted the Strait of Hormuz, tightening global supply. Despite a potential ceasefire deal, a bullish EIA report showing larger…
WTI crude rallies to 1-week highs as Strait of Hormuz closure tightens supplies, EIA inventories fall sharply, and US-Iran tensions escalate. Stronger dollar limits upside gains.
WTI crude closed down 1.14% Wednesday despite bullish EIA inventory draws and Strait of Hormuz supply concerns. Dollar strength and geopolitical tensions offset supportive supply-side fundamentals.