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etftrends.comOil futures extended losses after reports of possible progress toward a U.S.-Iran agreement. Brent crude and West Texas Intermediate both declined over three percent in early trading.
Brent crude futures dropped 0.79% to $94.23 a barrel and WTI fell 0.92% to $91.31 on June 2, 2026. President Trump said talks with Iran were ongoing, while a Lebanese ceasefire was announced the prior day.
etftrends.comRetail investor purchases and lower oil prices supported a ninth consecutive weekly gain for the S&P 500. WTI crude posted its largest monthly decline since April 2025.
pbs.orgWTI crude futures dropped 5.4 percent and Brent futures fell 4.6 percent on Wednesday. Traders reacted to reports of possible U.S.-Iran talks that could reopen the Strait of Hormuz. Piper Sandler said the waterway is likely to stay closed for now.
Brent and WTI crude prices dropped more than $2 per barrel following reports of a draft agreement between the United States and Iran. The decline came as the reports reduced concerns over potential supply disruptions in the Middle East.
WTI crude oil prices dropped below $100 per barrel following statements from Iran about a U.S. agreement to lift oil sanctions during negotiations. The move comes amid ongoing talks between the two countries.
rte.ieBrent crude rose 2.26% to $102.32 per barrel and WTI gained 2.06% to $96.76 after the U.S. and Iran traded attacks in the strategic waterway. President Donald Trump described the strikes as "just a love tap" while warning of further action if Iran rejects a nuclear deal. Markets…
dailyalert.orgZeroHedge reported WTI futures plunged more than 11 percent following Axios reports of a preliminary U.S.-Iran agreement to end the war. National gasoline averages reached $4.50 per gallon as of Wednesday morning, the highest since July 2022, while the Trump administration seeks…
deccanchronicle.comOil prices climbed on May 4 amid escalating tensions in the Strait of Hormuz, where Iran claimed to have forced a U.S. warship to turn back, a claim denied by U.S. Central Command. U.S. gasoline prices reached $4.45 per gallon, up over $1.50 since the Middle East conflict began.…
ibtimes.co.ukThe Bank of England and European Central Bank maintained their key interest rates unchanged as the ongoing U.S.-Iran standoff drives oil prices to multi-year highs and raises inflation concerns. Oil benchmarks surged, with Brent exceeding $122 per barrel and WTI topping $105, ami…
rediff.comWTI crude oil prices increased by 5% following unverified reports of an attack in Tehran. The prices later retraced most of those gains after the incident was confirmed to be a drill. This event underscores volatility driven by news headlines in the oil market.
zerohedge.comChinese oil companies have sold barrels to several nations in tenders, acting as aggressive sellers amid global market shifts. Mercuria CEO Marco Dunand highlighted this trend at a summit, linking it to factors like Iranian oil sales and inventory releases. Current oil prices ros…
Substrate placeholder — needs reviewThe New York Mercantile Exchange reported settlements for May energy futures contracts. West Texas Intermediate crude oil for May delivery closed at $96.57 per barrel, down $1.30 or 1.33 percent from the previous session. Natural gas settled at $2.6480 per million British thermal…
investopedia.comUS equity futures traded flat on Thursday morning, extending a seven-day rally amid anticipation of March CPI data and weekend negotiations between the US and Iran. The ceasefire agreement announced earlier this week faces challenges from reported drone attacks and regional tensi…
The Hollywood ReporterLiza Burnett Fefferman, formerly executive vice president of communications at Paramount's Showtime/MTV Entertainment Studios, has joined Anonymous Content in a newly created role. She will lead communications and marketing across the company's verticals and report to President a…
Substrate placeholder — needs reviewMay WTI crude futures on NYMEX closed at $94.41 per barrel, up $18.54 or 16.41%. Diesel futures settled at $3.8084 per gallon, gasoline at $3.0059 per gallon, and natural gas at $2.7240 per MMBTU. These settlements reflect daily trading activity in energy markets.
The U.S. Energy Information Administration expects the Brent-WTI spread to narrow gradually as oil flows through the Strait of Hormuz resume. This projection accompanies falling oil prices. The analysis addresses global oil market dynamics and potential supply adjustments.
Substrate placeholder — needs reviewJefferies analysts have increased their long-term forecasts for oil prices, stating that markets are mispriced due to tighter supply and rising geopolitical risks. The firm set new targets of $70-$82 per barrel for West Texas Intermediate (WTI) and around $75 for Brent crude. Sup…
The price of West Texas Intermediate (WTI) crude oil rose to $115 per barrel, the highest level since 2022. This increase followed a statement from former President Donald Trump regarding Iran. A forecast from Kalshi predicts WTI crude could reach $149 per barrel this year.