Oil

22 May 2026
Crude oil retreats as Iran deal chatter shifts focus from Hormuz risk to supply outlook

Crude oil rose then fell as Iran deal rumors grow, shifting focus from Hormuz fears to reopening.

22 May 2026
Draft US–Iran accord seen easing oil and volatility as sanctions relief looms

Reports claim US–Iran draft deal finalized via Pakistan, featuring ceasefire, sanctions easing, and Hormuz navigation guarantees.

22 May 2026
EIA storage build undershoots demand growth, keeping US natural gas prices under pressure

EIA reported a 101B natural gas storage build, exceeding the 96B forecast by 5B.

22 May 2026
Oil slides as US-Iran deal hopes overshadow tightening inventories and record export-driven drawdowns

Oil prices slipped as Iran deal hopes rose, despite record US inventory draws and strong exports.

21 May 2026
Iran uranium stance stokes risk-off mood, lifting dollar and oil, pressuring US equities

Iran keeps near-weapons-grade uranium; US seeks end to enrichment; risk-off sentiment lifts dollar, oil, pressures stocks.

21 May 2026
French PMI sinks to 2020 low as oil shock bites, fuelling recession and volatility fears

French private-sector activity shrank in May; composite PMI hit 43.5 as oil prices, Iran war hammered demand.

21 May 2026
USD/CHF edges higher as Hormuz risks and hawkish Fed minutes underpin the US Dollar

USD/CHF climbed to 0.7870 as firm dollar, US-Iran tensions, and Fed rate-hike signals supported demand.

21 May 2026
US crude stocks hit near-year low as record exports drain inventories amid Middle East turmoil

US crude stockpiles hit near-year lows as record exports surged amid Middle East conflict and Hormuz closure.

21 May 2026
Russia’s April PPI surge fuels rouble support and stokes commodity-led global inflation fears

Russia’s producer price index jumped 6.1% month-on-month in April, accelerating sharply from March’s 2% increase.

21 May 2026
EIA crude draw beats forecasts as refinery runs rise, supporting near-term WTI upside

EIA reported a 7.864 million-barrel crude stock draw, nearly 5 million more than the expected 2.9 million.

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