Anthony Harrup

Anthony Harrup U.S. crude oil inventories fell for a third consecutive week as exports increased and refineries stepped up their capacity use, according to data released Wednesday by the U.S.

Oil futures post back-to-back losses as President Trump says the U.S. is in the final stages of negotiations with Iran, raising hopes of a deal to end the conflict and reopen the Strait of Hormuz. Still, Trump adds that failure to reach a deal meant a resumption of military action."Typical Trump

Crude futures settle lower in an up-and-down session with conflicting expectations for an agreement to end the U.S.-Iran stalemate. Prices spiked early on a report that Iran insists on keeping its enriched uranium, but hopes for a deal were rekindled late in the session with Pakistani mediators in

The U.S. energy storage industry installed a record amount of capacity in the first quarter as utilities seek greater grid stability and lower costs amid rising demand for electricity.

Crude futures pick up from Monday's selloff following military exchanges between the U.S. and Iran, while talks keep hopes for an agreement alive. The continued closure of the Strait of Hormuz implies an even tighter supply situation ahead as drawdowns in SPRs and commercial stocks erode the supply

Oil futures settle at a six-week low on rising optimism about the U.S. and Iran reaching a deal to end the conflict and reopen the Strait of Hormuz. The market will likely want to take prices down as quickly as possible, but it depends on whether there's an agreement, says John Deal, managing direc

Oil futures were higher as the weekend passed without the U.S. and Iran reaching an agreement while the two sides exchange strikes. "Although both sides exchanged revised proposals, the absence of a clear breakthrough and renewed incidents in the region reinforced concerns that restrictions affecti

Crude oil futures settle higher as the weekend passes without the U.S. and Iran reaching an agreement to reopen the Strait of Hormuz and the two sides exchange strikes. An intraday spike on reports that Iran was halting talks to protest Israeli attacks in Lebanon after President Trump said he talke

Oil futures add to yesterday's gains as the longer the U.S. and Iran take to reach agreement to reopen the Strait of Hormuz, the tighter the physical market becomes. President Trump posted that talks have been going on continuously the past five days, including today, and again called on Iran to ma

Read this exciting story from The Wall Street Journal June 04, 2026 issue. U.S. crude oil inventories extended their decline to six weeks as exports rose and refineries ran near full capacity, according to data released Wednesday by the U.S. Energy Information Administration.