Crude oil prices cooled off considerably in June. WTI, the primary U.S. oil price benchmark, slumped 20% for the month, closing at $69.50 per barrel Meanwhile, Brent, the global benchmark, tumbled nearly 25%, closing at just below $73 per barrel. Both oil benchmarks
EIA data shows commercial crude inventories dropped to 408.4 million barrels, 7% below the five-year average for this period. U.S. crude oil inventories declined by 3.8 million barrels for the week ended June 26, extending a trend of drawdowns. The drop pushed commercial s
Oil prices extend declines after failing to hold above the 76.4% retracement level of the $58.70-$119.47 rally. Brent crude fell on Wednesday, breaking below the $73.04 Fibonacci support level after four unsuccessful attempts to hold above it. The decline follows two days
Weekly crude inventories dropped by 3.775 million barrels, missing the 4.466 million estimate as distillates rose unexpectedly. US crude oil inventories declined by 3.775 million barrels last week, below the 4.466 million draw expected by analysts. Gasoline stocks fell by
Japan’s largest LNG importer forms a standalone subsidiary to manage energy trading and secure supply in volatile markets. Japan’s JERA, the country’s biggest liquefied natural gas buyer, will establish a wholly-owned subsidiary, JERA Global Energy Solutions (JERA GES), to
The group plans to continue unwinding voluntary cuts, though market focus shifts to compliance and demand amid falling crude prices. OPEC+ is expected to increase its oil output quotas for August by 188K barrels per day, continuing a gradual unwinding of voluntary producti
Defiance Oil Enhanced Options Income ETF reduces its weekly distribution by 4.09% to $0.0609, maintaining a 48% annualized rate. Defiance Oil Enhanced Options Income ETF (USOY) lowered its weekly distribution to $0.0609, a 4.09% decline from the prior week’s $0.0635 payout
Brent and WTI crude futures decline as markets weigh progress in Iran-US negotiations and upcoming US stockpile reports. Oil prices fell on Wednesday as investors monitored ongoing talks between Iran and the US aimed at resolving shipping disruptions in the Strait of Hormu
Japan’s JERA launches a Singapore-based subsidiary to secure long-term LNG supplies and expand into ammonia and hydrogen markets. Japan’s largest power generator, JERA, has formed JERA Global Energy Solutions (JERA GES), a Singapore-based subsidiary focused on long-term li
Brent crude jumped from $60 to near 2022 peaks after Iran conflict disrupted 1 billion barrels of supply in H1 2026. Oil markets reversed course in the first half of 2026 as the Iran war triggered the largest energy supply shock on record. Brent futures, which began the ye
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