IEA cuts Russian oil output forecasts as drone strikes squeeze supply
The IEA has cut its 2026 and 2027 Russian crude output forecasts as Ukrainian drone strikes cripple energy infrastructure, with…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Brent Crude Nears $100 on Middle East Strikes, Then Eases on Hormuz Meeting Hopes
Brent crude approached $100 a barrel this week as fresh Middle East strikes rattled supply lines, before easing on Friday…
Houthis seize Perim Island in Bab al-Mandeb Strait, oil surges toward $105
Houthi forces have seized Perim Island in the Bab al-Mandeb Strait, a day after capturing the Yemeni port city of…
Dow futures jump 0.6% as oil prices slide ahead of August CPI report
Dow Jones Industrial Average futures rose 299 points, or 0.6%, early Friday as oil prices pulled back from this week's…
Oil Set to Close Above $100 a Barrel as US Diesel Hits Record $6.06 a Gallon
Oil is on track to close the week above $100 a barrel for the first time since mid-May, even as…
