Author name: David Ryabchikov

Oil Surges After Hostilities Between Iran and Israel Escalate

Oil Surges After Hostilities Between Iran and Israel Escalate

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US Crude Oil Inventories Continue Downward Plunge But Gasoline Surprises

US Crude Oil Inventories Continue Downward Plunge But Gasoline Surprises

By Julianne Geiger – Jun 02, 2026, 3:59 PM CDT The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29. In the week prior, US crude oil inventories fell by 2.8 million barrels. Analysts had expected a 3.6 million draw.

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US-Iran War Escalates as Tehran Threatens Hormuz Closure

US-Iran War Escalates as Tehran Threatens Hormuz Closure

You are here: Home / Cryptocurrency News / US-Iran War Escalates as Tehran Threatens Hormuz Closure Iran will stop indirect exchanges with Washington and move to close the Strait of Hormuz, Tasnim reported Monday. The announcement deepened pressure around the US-Iran war. Oil prices rose more than 7% after the CNBC report in global trading

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Stocks Pressured as Oil Prices Jump on Report that Iran Has Halted Ceasefire Negotiations

Stocks Pressured as Oil Prices Jump on Report that Iran Has Halted Ceasefire Negotiations

The S&P 500 Index ($SPX) (SPY) is down -0.08%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.36%.  June E-mini S&P futures (ESM26) are down -0.05%, and June E-mini Nasdaq futures (NQM26) are up +0.11%. Stock indexes are mixed, pressured by today’s +6% rally in crude oil prices

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Crude Oil Prices Supported as Strait of Hormuz Remains Closed

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26) is up +0.0168 (+0.55%).  Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said it responded to Iranian missile and drone

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