Crude Oil Futures News - May 2026
WTI crude sinks 5%, as Trump signals imminent Iran peace deal
West Texas Intermediate (WTI) crude fell 5% to below $99 per barrel on Wednesday. President Donald Trump stated a deal to end the three-month Iran conflict is...
EIA reports 7.9M barrel oil inventory plunge, signaling robust demand
The U.S. Energy Information Administration (EIA) reported a 7.863 million barrel decrease in domestic crude oil stockpiles for the week ending May 15, 2026....
🔴 Crude Oil is trading 4% down today as Trump pauses Iran strike
Crude Oil is trading 4% down at $98.77 as geopolitical risk premiums unwind following a de-escalation in U.S.–Iran tensions. • President Trump paused a...
WTI Crude tumbles 2%, Trump pauses planned military strike on Iran
U.S. West Texas Intermediate (WTI) crude futures fell more than 2% on May 19. President Trump paused a planned military strike against Iran to allow for...
Oil hits $107, following drone strikes on UAE and Saudi energy
Global oil prices surged on Monday. U.S. West Texas Intermediate (WTI) crude rose over 2%. Prices exceeded $107 per barrel, marking the highest level since...
Oil surges toward 107 dollars as Trump warns Iran over Hormuz
WTI crude oil prices rose for a third consecutive day toward $107 a barrel. President Donald Trump warned Iran that the clock is ticking to reach a deal to...
WTI crude tumbles, as US-China deal reopens Strait of Hormuz
WTI crude oil prices recorded their sharpest single-day drop of the year on Friday. The sell-off followed the reopening of the Strait of Hormuz after a 75-day...
OPEC+ increases oil production quotas, despite Strait of Hormuz closure
OPEC+ members announced plans on May 14, 2026, to continue gradual oil production quota increases through September. The alliance aims to restore 1.65 million...
Iran Reopens Hormuz to a Trickle of Ships — But Can 30 Vessels Undo a Billion-Barrel Supply Hole?
Oil prices eased as Iran allowed roughly 30 vessels — including Chinese tankers — through the Strait of Hormuz for the first time since the waterway was shut...
Iran reopens Strait of Hormuz to limited traffic, cooling oil prices
Iran permitted approximately 30 vessels, including Chinese ships, to transit the Strait of Hormuz. [9] This marks the first passage since the waterway's...
Trump and Xi Target Hormuz Reopening as WTI Hits $101
U.S. President Donald Trump and Chinese President Xi Jinping met in Beijing to address the ongoing conflict with Iran. The critical Strait of Hormuz shipping...
WTI Crude anchors near $101, amid Hormuz closure and inflation spikes
West Texas Intermediate (WTI) crude futures for June 2026 are trading near $101 per barrel. Modest contango indicates balanced near-term supply and demand...