U.S. crude oil
Coverage of U.S. crude oil in the Nexus archive.
- Oil prices drop after Trump orders US forces to hold off on new strikes against Iran
Oil prices fell sharply after President Donald Trump ordered U.S. forces to pause new strikes against Iran, citing a potential deal to end the Middle East conflict. A resolution could allow oil shipments to resume through the Strait of Hormuz, which has been disrupted by over five months of fighting.
- Oil prices drop after Trump orders US forces to hold off on new strikes against Iran
Oil prices fell 5% after President Donald Trump ordered U.S. forces to pause new strikes against Iran, easing concerns over disrupted shipments in the Persian Gulf. The conflict's resolution could allow trapped tankers to resume operations, though prices remain 20% higher than pre-conflict levels.
- Oil prices drop after Trump orders US forces to hold off on new strikes against Iran
Oil prices fell 5% after President Trump ordered U.S. forces to avoid new strikes against Iran, easing concerns over the Middle East conflict impacting oil shipments. The potential resolution could allow oil tankers to navigate the Strait of Hormuz, with U.S. and Brent crude prices dropping to $80.79 and $83.87 per barrel, respectively.
- Oil prices drop after Trump orders US forces to hold off on new strikes against Iran
Oil prices fell sharply after President Donald Trump ordered U.S. forces to pause new strikes against Iran, citing a potential Middle East conflict resolution. The price of U.S. crude oil dropped 5% to $80.79 per barrel, and Brent crude fell 5% to $83.87 per barrel, amid hopes of resuming oil shipments through the Persian Gulf.
- U.S. crude oil hovers above $70 as Trump, Iran issue mixed messages on talks in Qatar
U.S. crude oil prices hover above $70 as traders monitor mixed messages from Trump and Iran regarding talks in Doha.
- US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
US crude oil fell below $70 a barrel as traders remained optimistic about tanker traffic through the Strait of Hormuz despite an Iranian attack on a cargo ship.
- US gas prices fall below $4 for 1st time since March, but still 25% higher than last year
U.S. gas prices fell below $4 a gallon for the first time since March, averaging $3.999, following a U.S.-Iran agreement to dilute Iran's enriched uranium and waive sanctions. Despite the drop, prices remain 25% higher than last year, with regional disparities and ongoing supply chain disruptions due to the Strait of Hormuz situation and delayed oil production.
- Oil prices fall, Wall Street mixed after record-breaking S&P rally runs out of steam
Oil prices fell and U.S. markets were mixed after the S&P 500's nine-day winning streak ended. Broadcom and PVH Corp. stocks dropped despite beating earnings forecasts, while a ceasefire between Israel and Lebanon and a U.S. House resolution to halt military action against Iran contributed to market volatility.
- European shares climb and Asian shares retreat after US stocks pause their record-breaking rally
European shares rose while Asian shares fell following a decline in U.S. stocks that ended a nine-day winning streak for the S&P 500. Oil prices dropped after Israel and Lebanon agreed to renew a ceasefire and establish security zones, though higher bond yields and geopolitical tensions continued to pressure markets.
- Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back
Asian shares declined following a U.S. stock market downturn that ended a nine-day rally for the S&P 500. Oil prices fell after renewed fighting threatened a U.S.-Iran ceasefire, with Brent crude and U.S. crude dropping $1.17 and $1.08, respectively. Higher bond yields and economic pressures contributed to global market declines.
- U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month
U.S. crude oil prices dropped 6% as a report indicated Iran would restore traffic through the Strait of Hormuz under a potential agreement with the U.S. The decline reflects market concerns over reduced geopolitical tensions and potential supply increases.
- Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers
Oil prices rose sharply due to a US-Iran standoff in the Strait of Hormuz, a critical global energy supply route, as tensions escalated with Iran reversing its decision to reopen the strait. The conflict, now in its eighth week, has triggered a severe energy crisis, with Asian and European markets most affected.