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10 hours ago | 
rigzone.com | Mia Gindis |Alex Longley
Oil dropped after a government report showed US crude inventories rose the most in two months, overshadowing the lingering relief from the trade truce between the world’s two largest economies.
West Texas Intermediate dipped 0.8% to settle near $63 a barrel, snapping a four-session winning streak. Global benchmark Brent closed around $66. US crude stockpiles rose 3.45 million barrels, the biggest gain since March, the Energy Information Administration said Wednesday.
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1 day ago | 
bloomberg.com | Mia Gindis |Alex Longley
A gas flare burns from a pipe aboard an offshore oil platform in the Persian Gulf's Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran, on Thursday, Jan. 5. 2017. Nov. 5 is the day when sweeping U.S. sanctions on Iran’s energy and banking sectors go back into effect after Trump’s decision in May to walk away from the six-nation deal with Iran that suspended them.
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1 day ago | 
bloomberglinea.com | Alex Longley |Mia Gindis |Luke Sharrett
Bloomberg — Los operadores de petróleo siguen aumentando sus apuestas de opciones a largo plazo de que el crudo Brent puede repuntar hacia los 95 dólares el barril en los próximos meses. Las opciones de compra a ese precio de ejercicio que vencen a finales de julio han negociado más de 100.000 lotes desde mediados de abril, y el interés abierto ha crecido aproximadamente la misma cantidad. Es el equivalente a 100 millones de barriles, y el lunes se compraron otros 5.000 contratos.
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1 day ago | 
financialpost.com | Alex Longley |Mia Gindis
Article content(Bloomberg) — Oil traders are continuing to ramp up long-shot options bets that Brent crude can rally toward $95 a barrel over the coming months. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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1 day ago | 
bloomberg.com | Alex Longley |Mia Gindis
(Bloomberg) -- Oil traders are continuing to ramp up long-shot options bets that Brent crude can rally toward $95 a barrel over the coming months. Call options at that strike price which expire in late July have traded more than 100,000 lots since the middle of April, with open interest growing by about the same amount. It’s the equivalent of 100 million barrels, and another 5,000 contracts were bought Monday.
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5 days ago | 
financialpost.com | Mia Gindis |Alex Longley
Advertisement 1Oil rose as algorithmic traders fled short positions amid renewed optimism about trade talks between the US and China this weekend. Article content(Bloomberg) — Oil rose as algorithmic traders fled short positions amid renewed optimism about trade talks between the US and China this weekend. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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5 days ago | 
financialpost.com | Alex Longley |Julian Lee |Archie Hunter
Advertisement 1The UK sanctioned senior executives in an oil trading network it says has been helping Moscow keep exports flowing, part of sweeping measures that will also include up to 100 ships. Article content(Bloomberg) — The UK sanctioned senior executives in an oil trading network it says has been helping Moscow keep exports flowing, part of sweeping measures that will also include up to 100 ships. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.
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6 days ago | 
bloomberg.com | Mia Gindis |Alex Longley
The Deer Park Complex oil refinery and petrochemical plant, owned by Petroleos Mexicanos (PEMEX), in Houston, Texas, US, on Saturday, March 8, 2025. Some 40% of the crude oil processed at US refineries is imported, and Canada and Mexico, the No. 1 and No. 2 foreign suppliers of oil to the US, respectively, together deliver more than two-thirds of that oil.
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6 days ago | 
bloomberg.com | Alex Longley |Julian Lee |Archie Hunter
Russia assembled a shadow fleet to keep transporting its oil as its war in Ukraine continues. Photographer: Bloomberg Creative Photos/Bloomberg(Bloomberg) -- The UK sanctioned senior executives in an oil trading network it says has been helping Moscow keep exports flowing, part of sweeping measures that will also include up to 100 ships.
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6 days ago | 
news.bloombergtax.com | Alex Longley |Julian Lee
The UK will sanction as many as 100 oil tankers that it says are part of a shadow fleet of vessels helping Russia to move its oil. That could expand the number of ships the country has designated by up to 75% as it seeks to punish Moscow for its invasion of Ukraine. The measures, targeting vessels responsible for carrying more than $24 billion worth of cargo since the start of last year, will be announced later Friday, the government said in a statement.
