
Crude Oil Price Whipsaw Puts Occidental Earnings in Focus
The crude oil price fell more than 15% on US-Iran deal hopes, then rebounded on strike fears, leaving Occidental (OXY) to report earnings amid volatility.
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The crude oil price fell more than 15% on US-Iran deal hopes, then rebounded on strike fears, leaving Occidental (OXY) to report earnings amid volatility.

Brent crude surpassed $100 a barrel for the first time since July after U.S. forces struck five Iranian tankers overnight following an Iranian ballistic missile attack on a U.S. Navy warship,…

WTI crude surged to $100 a barrel, up 9% for the week, as U.S. airstrikes near the Strait of Hormuz triggered Iranian retaliation, rattling energy stocks, European equities, and the Fed's rate…

Chevron, Exxon Mobil, Halliburton, and Occidental Petroleum surged Monday as Brent crude jumped 3.5% to $120, cementing energy as 2026's top S&P 500 sector by a widening margin.

Iran's conditions for Hormuz reopening push a deal further away, leaving the S&P's record close and Brent's 7% weekly drop exposed to unpriced escalation risk.

Brent crude surged nearly 4% on Thursday when Iran's parliament floated a bill to ban U.S. and Israeli ships from the Strait of Hormuz, only to retreat as the week's 7% net decline reasserted itself.

President Donald Trump said Monday there is a "good chance" of progress in U.S.-Iran negotiations following a pause in American military strikes, even as Tehran denied being in active talks and…

OPEC+'s fourth consecutive monthly quota increase adds 188,000 barrels per day, pulling Brent crude below $92 and signaling a gradual return to normalcy in the global energy market.

The U.S. gas average hit $4 a gallon July 20 as renewed airstrikes on Iran collapse the Islamabad ceasefire and effectively halt commercial tanker traffic through the Strait of Hormuz.

U.S. forces destroyed highway and rail bridges at Bandar Khamir in a seventh consecutive night of Iran infrastructure strikes, physically cutting Bandar Abbas from its overland supply routes to…

Oil prices climbed sharply on July 17 as fresh US-Iran infrastructure strikes and collapsed peace negotiations reignited fears of a prolonged global energy supply risk with no diplomatic off-ramp…

Trump confirms a diplomatic breakthrough with Iran as Qatar and Oman mediators push for a new two-week truce to revive stalled Hormuz and nuclear talks.

The US-Iran ceasefire has collapsed as Washington and Tehran trade Middle East missile strikes across Gulf states, driving Brent crude back toward $80.

Brent crude drops to a six-month low in July 2026 as a sweeping IEA world oil demand forecast downgrade of 1 million barrels per day collides with surging post-ceasefire supply, accelerating the…

Brent crude slips to $77.91 despite a second day of U.S. strikes on Iran, as Qatar-mediated peace talks report progress and ease supply disruption fears.

Seven OPEC+ core members ratify a fourth consecutive 188,000 bpd quota increase for July as Hormuz disruptions render the increase largely theoretical.

Iran's Hormuz closure removed 13.6 mb/d from global supply, sent Brent crude above $125, and pushed OECD inventories toward 20-year lows as peace talks stall in early July 2026.

A fragile 60-day ceasefire between Washington and Tehran is being tested by nuclear inspection disputes and renewed Lebanese violence, keeping crude markets on edge as the Strait of Hormuz…

Brent crude tumbles to a four-month low as tanker transits through the Strait of Hormuz accelerate, restoring Persian Gulf exports to roughly 75% of prewar levels after a historic closure.

Brent crude remains roughly $20 above its year-start level as prolonged Strait of Hormuz disruptions and intermittent US-Iran diplomatic breakdowns sustain global market volatility and energy…

Markets are shrugging off residual flashpoints in the Persian Gulf, sending Brent crude down nearly 2% as a U.S.-Iran peace framework and improving Strait of Hormuz shipping conditions reshape the…

WTI crude fell below $70 for the first time since March as Hormuz tankers resumed transit on June 24, extending a 40% retreat from wartime highs amid easing U.S.–Iran tensions.

Washington and Tehran move toward a formal peace accord that would lift oil sanctions, unlock frozen assets, and reopen the Strait of Hormuz after months of economic disruption.

The U.S. and Iran agreed June 14 on an interim peace framework, driving Brent crude down 4.7% to its lowest level since March as the Strait of Hormuz nears reopening.

The US and Iran have "mostly agreed" on a 60-day truce extension after 90 days of war, with Brent crude plunging nearly 19% in May while the Strait of Hormuz remains the central flashpoint in one…

Iran's navy claimed missile strikes on US vessels entering the Strait of Hormuz on May 4, 2026, as Washington launched "Project Freedom" to rescue 20,000 stranded seafarers, sending Brent crude surgin...

The United Arab Emirates has issued a formal notification of withdrawal from the Organization of the Petroleum Exporting Countries on April 28, 2026, a move that delivers the most consequential…

Wall Street surged Wednesday on a landmark U.S.-Iran ceasefire announcement, sending the Dow Jones Industrial Average soaring more than 1,300 points in its best single-session performance in a…