Oil Price Live - Live Oil & Energy Prices

WTI jumped 5.3% to $92.22 and Brent held above $94 after Iran suspended its indirect talks with Washington and threatened to seal off the Strait of Hormuz.

May 31russia

Russia is the Iran war's real oil winner as Asia comes calling

While Gulf oil sits trapped behind the Strait of Hormuz, Russia is selling all it can to India, China and now Southeast Asia, quietly banking record revenue.

May 28hormuz

First tankers cross Hormuz in three months as Iran plays gatekeeper

A handful of oil and LNG tankers crossed the Strait of Hormuz in late May after three months of near-total blockade. Iran is controlling who passes and how.

May 27oil-prices

US strikes Iran over the weekend and oil drops another 4%

WTI fell below $90 for the first time since April after US forces hit Iranian targets. The market read the strikes as deal pressure, not escalation.

May 25oil-prices

Oil inventories drain at record pace while prices crash on deal hopes

Global oil stocks are falling at 8.5 million barrels per day in Q2, the fastest draw ever recorded. Yet crude has dropped 16% in a month on Iran deal optimism.

May 25oil-prices

WTI crashes to $91 as US and Iran close in on Hormuz deal

WTI fell 6% to $91.13 and Brent dropped below $98 after Washington and Tehran outlined a framework to extend the ceasefire and reopen the Strait of Hormuz.

May 20oil-prices

WTI breaks below $100 as Trump predicts oil will 'plummet'

WTI fell 9% to $98.57, its first trip below $100 since the war began. Trump predicted prices would plummet, and the Senate voted to limit his Iran war powers.