Crude gains as USO rises 2.09% amid reports that talks take direct aim at U.S. equity stakes in Venezuelan oil fields holding roughly 90 billion barrels of reserves.
James Stephens3 min read
A fresh tanker hit in the Strait of Hormuz barely dented oil prices this week, as traders bet on a possible Iran Oman shipping corridor despite thinning traffic through the…
Holly Herrera3 min read
Six Saudi Arabia oil tankers have abandoned the Red Sea route entirely, sailing around Africa instead, as Houthi threats reshape Middle East crude shipping and pressure oil markets.
James Stephens3 min read
Crude oil holds near 52 week highs as USO trades at 134.64 dollars, while India's record LNG buying and new rice production title reshape global commodity demand.
Holly Herrera3 min read
Iranian crude bound for China has nearly dried up under a renewed U.S. blockade, pushing prices higher and forcing refiners to scramble for Russian alternatives.
Holly Herrera4 min read
Crude oil ETF USO climbs 1.26% even as China refinery runs sink to pandemic era lows, driven by a historic drop in crude imports and softening fuel demand.
James Stephens3 min read
Russian crude is piling up at sea as Ukrainian strikes cripple refineries, forcing Moscow to export more oil even as revenue shrinks and tanker gridlock spreads.
James Stephens3 min read
USO fell 1.53% as the IEA slashed its 2026 oil supply forecast, warning global inventories are draining fast amid a prolonged Strait of Hormuz standoff.
Jake Fox3 min read
BP takes full control of the Calypso gas project from Woodside Energy while crude oil, tracked via the USO fund, drifts lower. Here is what the deal signals for regional…
Jake Fox4 min read
USO jumped over 4% as President Trump declared the Iran ceasefire dead and Tehran threatened to close the Strait of Hormuz, a chokepoint for a fifth of world oil supply.
Jake Fox3 min read