Crude Prices Sink as Traders Bet on More Iranian Oil
Traders priced in more Iranian crude and softer demand as the International Energy Agency cut its 2026 oil-use forecast, while U.S. inventories stayed tight.
8 Articles
8 Articles
Currie: The oil market is in surplus, but that tells us nothing about tomorrow
Jeff Currie, senior advisor at the Carlyle Group and executive co-chairman of Abaxx Markets, discusses the downdraft in WTI and Brent crude prices since the U.S. & Iran struck the tentative peace deal, and whether that points to further declines as we move into the second half of the year.
Although the oil rating has retreated in the last few days, the 2.06% discharge at Brent on Thursday (25), which ended the day at $75.26, reinforces that instability still prevails in the markets, according to experts. Even with the signing of the agreement for the end of the conflict, a definitive solution to the tensions between the United States and Iran follows as unlikely in the vision of Francis Osborne, chief oil analyst of Argus in Londo…
Crude Prices Sink as Traders Bet on More Iranian Oil
August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued to take out the extra price they had added earlier because they worried about possible supply problems in the Middle East. The contract moved between a high of $78.14 and a low of $68.90 before finishing at $71.53. That was down $3.99, or 5.28 percent, from the week before. The selling went on for most of the week. Traders stopped focusing as much…
Jeff Currie: Oil Market in Surplus Today, But That Tells Us Nothing About Tomorrow - Energy News Beat
In a sharp and timely appearance on CNBC’s Squawk Street today (June 26, 2026), veteran commodity strategist Jeff Currie delivered a clear-eyed assessment of the oil market’s current dynamics. While acknowledging a near-term surplus, Currie stressed that today’s conditions offer almost no guidance on what lies ahead. Currie, Senior Advisor at the Carlyle Group and Executive Co-Chairman of Abaxx Markets, joined host Morgan Brennan to discuss the …
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