Brent Crude Drops Below $74 Amid Iran War
Crude oil is in freefall, with USO hitting near its 52-week low as Iran peace talks and recovering Strait of Hormuz traffic push Brent toward $74. Trump has ordered the…
Dean Porter
oil market
Dean Porter
VLCC Earnings Near $470,000 Daily on Hormuz Optimism
Tanker rates for Persian Gulf crude have exploded, with one shipment booked at nine times the normal benchmark cost. Yet USO is falling sharply and sitting near a 52-week low.…
Curtis Hernandez
Global Oil Prices Fall To Multi Month Low
Crude oil just hit its lowest price since before the Iran conflict began, with USO dropping nearly 4% as diplomatic talks in Switzerland raise hopes the Strait of Hormuz will…
Dean Porter