Market context
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Crude oil prices are set for an 8% weekly decline as the Israel-Hezbollah ceasefire eases geopolitical tensions. Despite ongoing uncertainty regarding US-Iran relations and Strait of Hormuz transit p…
WTI crude oil prices dropped significantly due to de-escalating tensions between Israel and Iran, alongside weak crude import data from China. Despite ongoing Ukrainian drone attacks on Russian infra…
Brent crude prices dropped over 3% to $91 as geopolitical tensions between Israel and Iran eased. Weakened demand from China, coupled with record US exports and strategic reserve releases, further pr…
Brent crude retreated to $94 as Iran signaled an end to military operations, easing supply disruption fears. Increased OPEC+ production quotas and a significant decline in Chinese oil imports further…
President Trump announced a de-escalation of tensions in the Hormuz Strait, including the lifting of a naval blockade and cooperation on nuclear material disposal. The prospect of unrestricted shippi…
WTI crude oil prices are falling as market optimism grows regarding a potential agreement to reopen the Strait of Hormuz. Increased supply expectations are alleviating fears of restricted flow, promp…