By Julianne Geiger – May 22, 2026, 1:31 PM CDT Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet again that optimism around diplomacy and reality on the ground are not always moving in the same direction. […]
Oil Prices Rise as Iran Tempers U.S. Deal Hopes Read More »
At 9 a.m. Eastern Time today, oil was priced at $104.68 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $4.08 compared with yesterday morning and around $40.46 higher than the price one year ago. Will oil prices go up? It’s impossible to forecast
Current price of oil as of May 22, 2026 Read More »
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HK Electric customers set for steeper bills in June over volatile oil prices Read More »
With the conflict in Iran strangling oil and gas supplies, prices at the pump have been rising. The economic pain may be acute as many hit the road over the Memorial Day weekend. In one move meant to lower fuel costs for drivers, Environmental Protection Agency head Lee Zeldin announced in March that he would
What is E15 fuel? Why higher-ethanol gasoline could raise summer smog levels Read More »
Oil prices are set to average between $81 and $100 per barrel over the next 12 months as demand destruction will help balance a market that continues to price in a lasting war risk premium, a Bloomberg Intelligence survey showed on Thursday. More than 40% of the 126 respondents in the survey of asset managers and
Traders expect oil prices to remain above $81 for the next 12 months Read More »
By Josh Owens – May 21, 2026, 9:07 PM CDT Oil prices climbed in early Asian trade on Friday as skepticism grew that U.S.-Iran negotiations would produce a breakthrough, with all the major sticking points still unresolved despite claims of progress. At the time of writing, Brent futures were trading at $104.80, 2.13% higher on
Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal Read More »
