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The Latest Breaking News from Vortexa

Crude Oil Prices Tumble as End of US-Iran War Set to Boost Oil Supplies

July WTI crude oil (CLN26 ) today is down -3.76 (-4.66%), and July RBOB gasoline (RBN26 ) is down -0.0653 (-2.22%). Crude oil and gasoline prices extended Monday’s sell-off today, with crude falling to a 3.25-month low and gasoline dropping to a 2.25-month low. Crude oil prices are sinking on...

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Crude Oil Prices Sink on Deal to Reopen Strait of Hormuz

July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline prices sold off sharply on Monday, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude oil plunged on...

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Crude Oil Prices Plummet on US-Iran Peace Deal

July WTI crude oil (CLN26 ) today is down -4.35 (-5.12%), and July RBOB gasoline (RBN26 ) is down -0.0808 (-2.65%). Crude oil and gasoline prices are sinking today, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude is plunging today after the US...

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Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports have significantly decreased. This situation impacts global oil prices. Traders are closely watching future transits. The US continues actions against vessels approaching Iranian ports.

The Economic Times

In new crude world order, US is largest exporter of crude

America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against US support for Israel. US fortunes began to change after 2010, when…

The Economic Times

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

International Business Times UK

Crude Prices Fall on Long Liquidation Ahead of US-Iran Peace Talks

May WTI crude oil (CLK26 ) on Friday closed down -1.30 (-1.33%), and May RBOB gasoline (RBK26 ) closed up +0.0366 (+1.22%). Crude oil and gasoline prices settled mixed on Friday. Crude prices gave up an early advance on Friday and retreated amid heavy liquidation in crude oil futures ahead...

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Crude Prices Supported Ahead of Saturday’s US-Iran Peace Talks

May WTI crude oil (CLK26 ) today is up +1.05 (+1.07%), and May RBOB gasoline (RBK26 ) is up +0.0366 (+1.22%). Crude oil and gasoline prices are moving higher today amid a weaker dollar. Also, the Strait of Hormuz remains blocked, curtailing crude oil flows from the Gulf and curbing...

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Crude Prices Gain as Closure of Strait of Hormuz Curbs Oil Supplies

May WTI crude oil (CLK26 ) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26 ) closed down -0.0052 (-0.17%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices rallied sharply but fell from their best level on Thursday, and gasoline slid into negative territory on...

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Crude Prices Rally as Strait of Hormuz Remains Blocked

May WTI crude oil (CLK26 ) today is up +6.57 (+6.96%), and May RBOB gasoline (RBK26 ) is up +0.0825 (+2.74%). Crude oil and gasoline prices are moving sharply higher today on doubts about the sustainability of the US-Iran ceasefire. The Strait of Hormuz remains blocked, and Israeli attacks on...

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Crude Prices Fall Sharply as Geopolitical Risks Ease

May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Crude prices plunged on Wednesday after the US...

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Crude Prices Plummet on US-Iran Ceasefire Agreement

May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are falling sharply today, with crude sliding to a 1.5-week low and gasoline falling to a 2-week low. Crude prices plunged today after the...

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Crude Prices Fall From Highs on Hopes for a Last-Minute Iran Deal

May WTI crude oil (CLK26 ) on Tuesday closed up +0.54 (+0.48%), and May RBOB gasoline (RBK26 ) closed down -0.0030 (-0.09%). Crude oil and gasoline prices settled mixed on Tuesday, with crude oil posting a 4-week nearest-futures high. Crude prices rose on concerns that the war in Iran will...

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Crude Prices Soar as Iran War Looks to Escalate

May WTI crude oil (CLK26 ) today is up +4.13 (+3.67%), and May RBOB gasoline (RBK26 ) is up +0.0210 (+0.63%). Crude oil and gasoline prices are sharply higher today, with crude posting a 4-week nearest-futures high. Crude prices are soaring on concerns that the war in Iran will escalate...

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Crude Prices Climb on Fears of Escalation of Iran War

May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week high. Crude prices rallied after President Trump signaled an escalation of the conflict in...

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Crude Prices Fluctuate on Iran War Headlines

May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving higher today, with crude posting a 4-week high. Crude prices rallied after President Trump said the US could leave the Iran war...

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Crude Prices Soar as Iran War Keeps Strait of Hormuz Closed

May WTI crude oil (CLK26 ) on Thursday closed up +11.42 (+11.41%), and May RBOB gasoline (RBK26 ) closed up +0.1966 (+6.36%). Crude oil and gasoline prices rallied sharply on Thursday, with crude posting a 3.5-week high. Crude prices are soaring after President Trump pledged more aggressive action against Iran...

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Crude Prices Surge as President Trump Vows to Escalate Iran War

May WTI crude oil (CLK26 ) today is up +10.20 (+10.19%), and May RBOB gasoline (RBK26 ) is up +0.1174 (+3.80%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.5-week high. Crude prices are rallying after President Trump pledged more aggressive action against Iran over...

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Crude Prices Fall on Hopes for De-Escalation of Hostilities in the Middle East

May WTI crude oil (CLK26 ) on Wednesday closed down -1.26 (-1.24%), and May RBOB gasoline (RBK26 ) closed down -0.1125 (-3.51%). Crude oil and gasoline prices settled sharply lower on Wednesday amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower...

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Crude Oil Prices Tumble on Hopes for an End to the War in the Middle East

May WTI crude oil (CLK26 ) today is down -1.62 (-1.60%), and May RBOB gasoline (RBK26 ) is down -0.0787 (-2.46%). Crude oil and gasoline prices are sharply lower today amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower after weekly...

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Crude Oil Prices Retreat on Hopes the Iran War is Near an End

May WTI crude oil (CLK26 ) on Tuesday closed down -1.50 (-1.46%), and May RBOB gasoline (RBK26 ) closed down -0.0559 (-1.71%). Crude oil and gasoline prices gave up an early advance on Tuesday and settled sharply lower on hopes that the war in Iran is near an end. Crude...

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Crude Oil Prices Rally as Strait of Hormuz Remains Closed

May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...

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Crude Oil Prices Jump on Concerns Over Escalation of Iran War

May WTI crude oil (CLK26 ) on Monday closed up +3.24 (+3.25%), and May RBOB gasoline (RBK26 ) closed up +0.0688 (+2.16%). Crude oil and gasoline prices rallied sharply on Monday, with crude oil posting a 3-week high after President Trump threatened to escalate the Iran war if there is...

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Crude Oil Climbs on Fears of a Protracted Iran War

May WTI crude oil (CLK26 ) today is up +3.05 (+3.06%), and May RBOB gasoline (RBK26 ) is up +0.0791 (+2.48%). Crude oil and gasoline prices are climbing today, with crude oil rallying to a 3-week high after President Trump threatened to escalate the Iran war if there is no...

Barchart

Crude Oil Surges on Fears of Iran War Escalation

May WTI crude oil (CLK26 ) on Friday closed up +5.16 (+5.46%), and May RBOB gasoline (RBK26 ) closed up +0.1070 (+3.47%). Crude oil and gasoline prices rallied sharply on Friday on concerns about a protracted war with Iran. Crude prices also rose amid concerns that reduced Russian crude exports...

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