Global oil markets remain under severe stress as Hormuz disruptions, weak economic data, and tightening inventories reshape energy flows worldwide. Friday, May 22, 2026 In a week of contradicting narratives, the largest ever US inventory drawdown sparked only a minor bulli
The partnership targets global investors with crypto-native derivatives tied to Brent and WTI benchmarks amid rising Middle East tensions. Intercontinental Exchange and OKX are introducing regulated perpetual futures linked to Brent and WTI oil benchmarks for traders outsi
NYSE parent Intercontinental Exchange (ICE) and crypto exchange OKX announced plans to launch perpetual oil futures tied to Brent and WTI benchmarks. The contracts will never expire and will roll out where OKX holds licenses to offer perpetuals The product is the fi
ICE to launch oil-linked futures with OKX The Intercontinental Exchange (ICE) is set to launch oil-linked futures with OKX. This move allows traders to bet on the price of oil without actually buying it. The launch of these perpetual futures, also known as perps, c
Pakistan proposes hosting Gulf crude storage to secure emergency supply rights amid regional tensions and lack of domestic reserves. Pakistan has invited Persian Gulf oil producers to establish crude reserve buffers at a planned Energy City near one of its ports. The move
Brent and WTI crude prices climb over 2.5% as investors weigh stalled negotiations and supply risks in the Strait of Hormuz. Oil prices surged early Wednesday, with Brent crude rising $3.3 to $105.88 per barrel and WTI climbing $2.53 to $98.88, as traders reacted to uncert
Regional gasoline prices surge due to crude oil prices Gasoline prices have increased nationwide due to rising crude oil prices. The cost of crude oil accounts for about half of the retail gasoline price. Regional dynamics such as local supply and demand conditions ha
LONDON, May 22 Oil prices rose slightly on Friday as investors doubted the prospect of a breakthrough in U.S.-Iran peace talks, but remained on track for a weekly loss. Brent crude futures were up $1.17, or around 1.1%, at $103.75 a barrel by 1334 GMT, while U.S Wes
Copper declines amid broader market caution but weak supply growth from China and key mining regions cushions the fall. Copper prices have retreated roughly 5% from mid-May peaks, driven by heightened risk aversion linked to rising oil prices. The downturn reflects broader
Crude prices to climb due to supply disruptions Crude prices are expected to keep climbing as long as Strait shipping remains restricted. The current dip in oil demand is attributed to supply disruptions and consumer destocking rather than high prices. Bren
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