Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter. Th
June’s decline marks the first monthly drop in producer prices since August 2025, driven by a 6.4% fall in energy costs. US producer prices fell 0.3% in June, the first monthly decline in 10 months, as energy prices plunged 6.4%. The drop follows a 0.6% rise in May and a 1
Wholesale prices unexpectedly fell in June as sliding energy prices helped brighten the inflation picture, the Bureau of Labor Statistics reported Wednesday. The produce price index posted a seasonally adjusted 0.3% decline for the month, compared to the Dow Jones consensu
Iran threatens to close energy chokepoints, lifting Brent Crude above $85 for a fourth straight session amid escalating tensions. Brent Crude rose 0.83% to hold above $85 per barrel in early European trading Wednesday, extending a four-day rally. WTI Crude climbed 0.89% pa
Iran’s threat to close energy chokepoints lifts Brent Crude above $85 for a fourth straight session amid escalating tensions. Brent Crude rose 0.83% to above $85 per barrel in early European trading on Wednesday, extending a four-day rally. WTI Crude climbed 0.89% to surpa
Slower US consumer price growth reduces odds of a July Fed rate hike to 17%, down from 40%. The US Dollar retreated after June consumer price inflation eased to 3.5% from 4.2%, while core inflation dropped to 2.6% from 2.8%. The data suggests a moderating inflation trend,
A 12% surge in crude oil prices due to Middle East tensions may push U.S. gasoline averages above $4 per gallon within days. U.S. gasoline prices are set to exceed $4 per gallon in the coming week, driven by a 12% rally in crude oil prices since Friday. The spike follows r
Deutsche Bank notes Brent’s 11.5% two-day gain remains far from $110 levels that historically pressure equities and credit. Brent crude surged 11.5% over two days to $84.73 per barrel, driven by geopolitical tensions and Gulf policy shifts. The rally peaked intraday above
Military strikes by US forces against Iranian targets near key oil chokepoints lift crude prices amid supply disruption fears. West Texas Intermediate crude oil advanced toward $79.50 per barrel Wednesday, extending a three-day rally as US military action against Iran heig
Rabobank strategist Michael Every notes Brent Oil holding steady around $85-86 per barrel after an aggressive short squeeze. Every links this stability to ongoing Middle East tensions, United States (US) sanctions enforcement in Hormuz, and strategic efforts to develop alt
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