Gas Prices Draw Trump Justice Department Scrutiny
Crude oil prices have collapsed to near 52-week lows after a US-Iran peace deal reopened the Strait of Hormuz. Now the White House is pressing the DOJ to find out…
Mason Taylor5 min read
crude oil
Mason Taylor5 min read
Oil Drops Below $75 for the First Time Since Iran War
Crude oil prices fell sharply after the US and Iran signed a preliminary ceasefire and agreed to reopen the Strait of Hormuz. USO dropped 4.21% to 106.64, touching the bottom…
Oscar Boyd5 min read
Brent crude drops below $74 amid Iran war fears
USO fell nearly 4% to sit just above its 52-week low as Brent crude approached pre-war levels. A recovering Strait of Hormuz, potential Iranian supply and a stronger dollar are…
Mason Taylor5 min read
VLCC Rates Live: Daily Earnings Surge Toward $470,000
USO dropped nearly 4% to a 52-week low on June 21 even as tanker rates for Persian Gulf cargoes hit 897% of benchmark levels. The divergence between paper crude prices…
Oscar Boyd5 min read
Oil Prices Fall to Lowest Level Since Iran War
Crude oil is pricing in a ceasefire. USO fell 3.69% to $107.12 on June 21, touching its lowest level since before the Iran war began, as U.S.-Iran talks in Switzerland…
Katelyn Marshall5 min read
Oil Storage May Drive the Next Demand Surge
USO is trading near its 52-week low with an RSI of 30.52 — but the Strait of Hormuz crisis has triggered a global storage expansion race that could generate demand…
Katelyn Marshall5 min read