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US oil rig count up for week ending May 29
- Number of US oil rigs fall by 22 compared to one year ago
02.06.2026
Oil
Oil prices extend weekly losses on US-Iran ceasefire hopes
- Brent crude plunges nearly 10% this week as reports of drafted 60-day extension of US-Iran ceasefire ease fears over supply disruptions through Strait of Hormuz
29.05.2026
Oil
Geopolitical thaw drags oil prices down despite massive draw in US inventories
- While ceasefire talks between the US and Iran ease supply concerns and check upward pressure on crude, surging domestic demand ahead of the summer driving season provides a floor for falling prices
31.05.2026
Oil
US crude oil inventories down 0.7% in week ending May 22
- Daily crude oil production falls to around 13.7 million barrels per day
30.05.2026
Oil
Oil prices rise on Hormuz tensions, US sanctions on Iranian-linked authority
- Brent crude climbs as concerns over global supply intensify amid uncertainty surrounding Strait of Hormuz transit
29.05.2026
Oil