The Breakwave Tanker Shipping ETF has surged over 5,000% in 2026, driven by record-high freight rates for supertankers following disruptions in the Strait of Hormuz.
Bison Interests CEO Josh Young warns of critical oil inventory depletion, projecting a fair value of $105 per barrel for WTI and significant upside for undervalued energy assets.
Kalshi has filed a proposal with the CFTC to launch the first US-regulated perpetual futures contract for WTI crude oil, aiming to bring offshore trading models to domestic markets.
Donald Trump claims the Strait of Hormuz no longer drives US gasoline prices, pointing instead to refinery disruptions and increased global oil supply.
Oil prices fell as G7 nations committed to releasing 100 million barrels from strategic reserves to stabilize global energy markets.
Iran is scaling up its use of cryptocurrencies and stablecoins to facilitate oil exports and bypass U.S. sanctions, impacting global oil market expectations.
US crude oil production has hit record highs, reducing the likelihood of a diesel export ban as the Senate confirms no such proposals have been received from the White House.
Brent crude prices climbed to $105.11 per barrel as diplomatic efforts between the US and Iran stalled at the UN General Assembly, maintaining supply concerns regarding the Strait of Hormuz.
The US government has seized three tankers carrying nearly six million barrels of crude oil valued at $600 million as part of an intensified campaign against shadow fleets.
Russia has raised its 2026 crude oil export forecast to 244.7 million tons, even as domestic production hits its lowest point since 2009 due to refinery damage.
Goldman Sachs has adjusted its December Brent crude oil forecast to $85 per barrel, citing supply constraints linked to Middle East geopolitical tensions.
US commercial crude oil inventories rose by 1.786 million barrels last week, defying analyst expectations of a decline.
Traders have hit a record high in bearish bets against oil, with Brent put options reaching 764,000 contracts as market participants eye a potential drop to $70 by December.
European fuel prices have surged due to a historic global supply disruption, with markets bracing for potential record-high crude oil costs.
Potential U.S. diesel export restrictions are impacting global energy markets and influencing crude oil price prediction models.
Brent crude oil prices dropped below $99 per barrel amid diplomatic progress in U.S.-Iran relations and potential supply increases from Saudi Arabia.
Asian stock markets rose on strong demand for tech shares, while oil prices fell following increased supply from Saudi Arabia.
Oil prices have entered a sustained decline as Saudi Arabia resumes operations on a key pipeline, reducing supply fears.
Market participants anticipate a decline in Brent crude prices as supply chain disruptions in the Middle East begin to subside.
Bank of America warns that the conflict in Iran could drive Brent crude prices above $150 per barrel due to potential supply disruptions.
