Latest News Updates From Stan Choe

Brent crude, the international standard, fell 5.1% to settle at $78.96,  down sharply from its $100-plus level of a few weeks ago.

Brent crude oil, the international standard, fell 5.4% to $82.61 per barrel.

Brent crude oil fell 3.4% to 87.29 per barrel. That was still much higher than the roughly $70 a barrel level it was at before the war began in late February.

Brent crude, the international standard, gained 2.7% to $93.89 per barrel. 

Oil prices fell back from gains on June 8. The price for a barrel of Brent crude oil, the international standard, fell 4.4% to $90.13 per barrel.

Brent crude traded 2.8% lower June 4 at $95.10 per barrel on hopes the U.S. and Iran will ultimately agree to reopen the Strait of Hormuz to oil tankers.

Following a two-week retreat, oil prices have climbed 10% this week. Brent crude oil, the international standard, climbed 2.1%  to $97.98 per barrel on June 3.

Brent crude, the international standard, slipped 0.1% to $94.96 a barrel. The levels are still well above the roughly $70 level they were at before the war.

Brent crude oil, the international standard, rose 6.4% to $96.97 per barrel. 

Oil prices continue to swing and more data shows pressure building on the economy because of the war with Iran.