Brent crude dips under $74 amid Iran war fears
Crude oil has shed nearly 40% from its wartime high as Hormuz traffic recovers and Iranian export hopes grow. USO hit 106.08, just above its 52-week low, with an RSI…
Roberto Anderson6 min read
oil market
Roberto Anderson6 min read
VLCC Rates Surge Toward 470000 Dollars a Day
Crude oil prices have plunged to near 52-week lows even as tanker rates on Persian Gulf routes hit nine times their benchmark. The disconnect between falling prices and surging freight…
Franklin Gonzales6 min read
Oil Prices Fall to Pre Iran War Lows
Crude oil fell to its lowest level since before the Iran conflict began, with USO dropping 3.77% as U.S.-Iran ceasefire talks in Switzerland raised expectations that the Strait of Hormuz…
Franklin Gonzales5 min read