HeyJaredC. Gorrivan
- Indexed articles, last 90 days
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- Sep 30, 2026
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- Aug 10, 2026
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Oil Futures Rise Despite Increasing Flows (opens the original)
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Wall Street analysts and traders said oil flows through the Strait of Hormuz were closing in on pre-war levels, adding much-needed supply to a global market where crude swings around $100 a barrel. Brent futures for December settled above $98 on Wednesday, while the expiring November contract exceeded $103. While that's far below the peak of the Iran conflict, it's higher than prices averaged over the summer. Two of the biggest banks, JPMorgan Chase & Co. and Goldman Sachs Group Inc., said they
Oil Slides on Saudi Supply Relief (opens the original)
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Oil fell as top exporter Saudi Arabia boosted flows through a key pipeline, overshadowing concerns over a US-Iran stalemate. Brent futures slid to settle below $103 a barrel. The kingdom was said to have restored about half the capacity of its East-West pipeline following drone attacks. The conduit has been a crucial route bypassing the Strait of Hormuz, providing a lifeline to global markets as the world's most important energy chokepoint was disrupted by the Middle East conflict. A steady flow
Oil Falls as Saudi Supply Outlook Improves (opens the original)
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Oil retreated on indications that some of the recent supply outages in the Middle East are beginning to resolve and traders adjust positions after a blistering rally over recent sessions. Brent slipped to settle near $106 a barrel, and West Texas Intermediate fell more than 3%, as Saudi Arabia seeks to return about half the capacity of its East-West pipeline within days after shutting the conduit last week because of drone strikes. Riyadh is also ramping up sales of crude from outside the Strait
Oil Jumps on Saudi and Libya Outages (opens the original)
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Oil jumped, as outages at a key Saudi Arabia pipeline and Libyan oil fields added supply risks to a market already feeling the pinch from barrels lost to the Iran war. Global benchmark Brent settled up nearly 3% around $109 a barrel. West Texas Intermediate rose over 4% in a choppy session with prices highly sensitive to headlines from the Middle East and the Russia-Ukraine conflicts. Diesel futures settled at their highest on record. Traders were parsing clues for the duration of the closure of
Oil Futures Fall (opens the original)
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Oil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze. Brent slipped to settle below $88 a barrel after fluctuating between losses and gains. West Texas Intermediate was little changed at around $82, as Oman and Iran pushed for a wider deal on the management of the Strait of Hormuz. The Islamic Republic's military said the two sides had reached a revenue-sharing agreement on t
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