U.S. News & World Report

Oil Prices Drop 6% as Israel-Iran Ceasefire Reduces Middle East Supply Risk

NEW YORK (Reuters) -Oil prices fell 6% on Tuesday to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. The ceasefire was on shaky ground with U.S. President ...
New Orleans City Business

Oil prices drop after biggest annual loss since 2020

LONDON, Jan 2 (Reuters) – Oil prices dipped on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.
Atlanta Journal-Constitution

Oil prices tumble, and Wall Street nears its record in a worldwide rally for stocks

NEW YORK (AP) — Oil prices are dropping further, and U.S. stocks are pulling closer to their all-time high Tuesday on hopes that Israel's war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the ...
Rolling Out

Oil prices forecast to drop as oversupply threatens crash

The oil industry faces potentially brutal years ahead as Wall Street’s leading investment banks forecast a dramatic price collapse driven by what analysts describe as punishing oversupply conditions not seen since the darkest days of the pandemic.
MarketWatch

Oil prices drop 9% in first half of year, with OPEC+ meeting to set the tone for Q3

U.S. and global benchmark oil prices have lost 9% so far this year with tensions in the Middle East having eased back and as oil flows through the key Strait of Hormuz waterway essentially at "normal," said Gary Cunningham, director of market research at ...
Rigzone

USA Crude Oil Inventories Drop by Almost 6 Million Barrels WoW

Crude oil stocks, not including the SPR, stood at 415.1 million barrels on June 20, the EIA's latest weekly petroleum status report showed. Image by hachiware via iStock U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum ...
Crude Oil Prices

Tullow Oil Reports First-Half Loss, Shares Drop 17%

Tullow Oil PLC (LON: TLW) saw its shares drop by 17.4% on Wednesday after reporting a first-half loss and lowering its free cash flow forecast. The company posted a loss of $61 million for the first half of 2025, missing analyst expectations of a $76 ...
PA Media on MSN

Oil prices head for biggest weekly gain since 2020 as shipping nears standstill

Oil prices could be headed for their biggest weekly increase in six years as hopes of conflict de-escalating in the Middle East begin to fade and markets brace for longer-lasting volatility. The price of Brent crude oil was rising on Friday to surpass 88 US dollars a barrel,