crude oil News Updates

The report had said maritime traffic through the Strait of Hormuz could return to normal within a month of a peace deal coming into effect.

Manifold said in a statement, “I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged.”

Federal Reserve Bank of Dallas President Lorie Logan said if the Strait of Hormuz doesn't reopen soon, consumption will need to fall.

Russia is considering limiting exports of diesel and jet fuel, Interfax said, as refinery run rates fall to multiyear lows amid Ukraine’s escalating attacks.

Brent crude, the international standard, gained 4% to $97.14 a barrel after falling nearly $5 on international markets on May 25.

BP's board named Ian Tyler as interim chair on May 26, effective immediately. The company said that it will begin the process of finding a permanent chair.

Brent crude, the international standard, rose 1% to $103.60 a barrel. Benchmark U.S. crude rose 0.4% to $96.68 per barrel after erasing an earlier modest dip.

Intercontinental Exchange futures prices for Brent crude and WTI will underpin the new perpetual contracts offered on OKX’s platform.

Brent crude, the international standard, climbed 1.7% to $106.81 per barrel.

“This will entail costs, and it goes without saying that those who wish to benefit from this traffic must also pay their share,” Iran's Mohammad Amin-Nejad said.