The Latest Breaking News from Vortexa

Crude Oil Prices Slide as President Trump Said Iran Peace Talks to Continue

August WTI crude oil (CLQ26 ) today is down -0.88 (-1.22%), and August RBOB gasoline (RBQ26 ) is down -0.0891 (-2.93%). Crude oil and gasoline prices gave up an early advance today and turned lower as prices whipsawed on various news headlines. Crude prices initially jumped after Iran vowed to...

Barchart · Jul 10

Crude Oil Prices Slump on Limited Escalation of US-Iran Conflict

August WTI crude oil (CLQ26 ) on Thursday closed down -1.44 (-1.96%), and August RBOB gasoline (RBQ26 ) closed down -0.0647 (-2.00%). Crude oil and gasoline prices gave up an early advance on Thursday and fell sharply on speculation the escalation of hostilities between the US and Iran will be...

Barchart · Jul 9

Crude Oil Prices Erase Early Gains in Hopes of Limited US-Iran Hostilities

August WTI crude oil (CLQ26 ) today is down -1.32 (-1.80%), and August RBOB gasoline (RBQ26 ) is down -0.0332 (-1.07%). Crude oil and gasoline prices gave up an early advance today and turned lower on speculation the escalation of hostilities between the US and Iran will be limited. Crude...

Barchart · Jul 9

Iran's unsold oil piles up at sea as buyers stay wary

Iran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening its negotiating position. Weak demand from China, its primary buyer, and lingering sanctions concerns are major hurdles. While some oil has been discharged in China, India remains…

The Economic Times · Jul 2

Crude Oil Prices Tumble as End of US-Iran War Set to Boost Oil Supplies

July WTI crude oil (CLN26 ) today is down -3.76 (-4.66%), and July RBOB gasoline (RBN26 ) is down -0.0653 (-2.22%). Crude oil and gasoline prices extended Monday’s sell-off today, with crude falling to a 3.25-month low and gasoline dropping to a 2.25-month low. Crude oil prices are sinking on...

Barchart · Jun 16

Crude Oil Prices Sink on Deal to Reopen Strait of Hormuz

July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline prices sold off sharply on Monday, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude oil plunged on...

Barchart · Jun 15

Crude Oil Prices Plummet on US-Iran Peace Deal

July WTI crude oil (CLN26 ) today is down -4.35 (-5.12%), and July RBOB gasoline (RBN26 ) is down -0.0808 (-2.65%). Crude oil and gasoline prices are sinking today, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude is plunging today after the US...

Barchart · Jun 15

Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports have significantly decreased. This situation impacts global oil prices. Traders are closely watching future transits. The US continues actions against vessels approaching Iranian ports.

The Economic Times · Jun 12

In new crude world order, US is largest exporter of crude

America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against US support for Israel. US fortunes began to change after 2010, when…

The Economic Times · Jun 11

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

International Business Times UK · Jun 6