Oil prices gain as focus shifts to supply recovery and demand

Oil prices gain as focus shifts to supply recovery, demand

Oil prices gain as focus shifts to supply recovery, demand

Oil prices rise more than two per cent as US-Iran peace talks pause

CommSec's Gillian Bowen says oil prices have jumped more than two per cent as peace talks between the United States and Iran have paused. Ms Bowen told Sky News Australia that when trade reopens, “There will be a drop for the S&P500 and the Nasdaq”. “We have had global oil resume trade a short time ago. There was a jump of more than two per cent to take Brent crude back over $US81 a barrel. “Before the weekend's developments, the ASX was pointing to a drop of 0.2 per cent.” Presented by CommSec.

Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments surged due to refinery damage.

Commodities: Oil Rises Amid Shaky Start To U.S.-Iran Ceasefire

Commodities: Oil Rises Amid Shaky Start To U.S.-Iran Ceasefire

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

The Commodities Feed: Hormuz recovery continues to weigh on oil market

Oil prices continue to move lower as flows from the Persian Gulf start to recover. Price action suggests the market is assuming a rapid recovery in traffic through the Strait of Hormuz

Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat

PETALING JAYA: Harga minyak mentah jatuh ke paras sebelum krisis dan trend tersebut dijangka berterusan dalam tempoh terdekat susulan langkah pengurusan risiko pasaran yang proaktif serta pemulihan pantas rantaian bekalan dari Asia Barat. Kontrak niaga hadapan minyak mentah Brent kini menghampiri paras AS72 setong, manakala penanda aras Amerika Syarikat (AS), West Texas Intermediate (WTI) berada ... Read more The post Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat appeared first on Utusan Malaysia.

Fuel prices slamming consumers even as oil crisis eases

Prices for gasoline, diesel and jet fuel are rising again even as that for crude oil eases, a rare divergence that’s swelling costs for peak-season travelers and threatening to undermine President Trump’s pledge to quash inflation ahead of the midterm elections. The gap between the cost of some refined products and raw crude is at []

Oil prices fall to pre-war levels as Strait of Hormuz traffic resumes

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel traffic resumes following...

China’s hydrogen push outstrips Japan’s in new fuel race

The oil price surge from the US-Iran crisis gives fresh impetus to efforts to boost domestic energy supply.

Crude may revisit early-2026 highs if tensions worsen, but Asian refiners better prepared this time: International Oil Analyst

By Nikhil Dedha Singapore, July 9 (ANI): Global crude oil prices could revisit the highs seen earlier this year if tensions between the United States and Iran continue to escalate, although Asian refiners are now better prepared to deal with supply disruptions than they were at the beginning of the conflict, June Goh, Senior Oil Market Analyst at Sparta Commodities, told ANI.Speaking in an exclusive conve

Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'

Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran.

Oil Is Little Changed as Persian Gulf Flows Near Pre-War Levels

Oil prices were little changed in thin trading as the recovery of Persian Gulf flows fomented a new surplus in key parts of the global market.

Oil soars more than 6% as Trump rules out Iran deal, threatens more strikes

Oil prices had been recovering following a memorandum of understanding signed last month to end the war, but they rose by more than 6 early on Wednesday.

ATHEX: Mini sell-off after fresh Gulf tension

The resumption of military action in the Persian Gulf had an immediate impact on markets, with oil rates jumping and bourse indexes slumping.

Prediction: Oil Is Heading to $60 a Barrel by 2027, and These Stocks Are Worth Buying Now

The oil market is on track to shift from a shortfall to a glut in the next year.

Oil prices rise after fresh Persian Gulf attacks, trade opens higher Monday night

Oil prices rise after fresh Persian Gulf attacks, trade opens higher Monday night

Oil prices extend gains as fresh U.S. strikes on Iran revive supply concerns

Oil prices extend gains as fresh U.S. strikes on Iran revive supply concerns

Iran war developments, Fed rate path cues in focus for rupee and bonds

The focus will yet again turn to oil prices, with any retreat in risk sentiment ‌expected to hurt the Rupee, which has steadied after hitting historic lows last month

Iran's biggest weapon against the US may be slipping away, experts say

Iran's attacks on commercial shipping sent oil prices higher, but alternative routes and rising OPEC+ production may be weakening Iran's leverage.

Current price of oil as of July 13, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Seven OPEC+ countries agree to increase monthly oil production; here's the reason behind key decision

The OPEC+ alliance has decided to raise oil production once again, announcing a modest increase in output for August as global crude prices continue to decline following the easing of tensions in the Middle East. The move marks the fifth straight monthly production hike by the oil-producing bloc. The Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, said on Sunday that seven member countries would jointly increase production by 188,000 barrels per day next month.

Oil surges after U.S. launches strikes on Iran

WASHINGTON: Oil prices jumped Wednesday after the U.S. military launched a series of strikes against Iran in retaliation for attacks on three commercial vessels in the Strait of Hormuz, raising tensions just weeks after a fragile ceasefire reopened the critical waterway. West Texas Intermediate crude for August delivery rose 2.87 to settle at 72.46 per ... Read more The post Oil surges after U.S. launches strikes on Iran appeared first on BOL News.

Oil prices rise 8%, and Dow drops 800 points after Trump says ceasefire with Iran is 'over'

Oil prices are rising, and stock markets are dropping worldwide after President Trump raised doubts about the temporary truce in the war with Iran.

Oil prices rise amid uncertainty over US-Iran talks

Oil prices rise amid uncertainty over US-Iran talks Oil prices rose on Sunday as traders assessed the implications of ongoing US-Iran negotiations and the durability of the ceasefire between the two countries. According to Reuters, Brent crude futures climbed by 1.09, or 1.35 percent, to 81.66 a barrel by 22:06 GMT, after reaching an early session high of 82.30. The increase came amid continued uncertainty over future oil supplies and the outcome of diplomatic talks. Oil prices had fallen last week after several tankers successfully transited the Strait of Hormuz, easing concerns about disruptions to one of the world's most important energy shipping routes. However, market participants remain cautious as negotiations continue and questions persist over the long-term stability of the agreement.

U.S. Revokes Waiver Allowing Sale of Iranian Oil

Oil prices jumped after the U.S. Treasury’s announcement, which followed attacks on commercial vessels near the Strait of Hormuz.

OPEC+ boosts oil production as Gulf exports recover

Seven OPEC+ producers have agreed to increase oil production from August, signalling confidence that Gulf exports are recovering after months of disruption caused by the Middle East conflict. The move comes as shipping through the Strait of Hormuz gradually returns to normal.