Diesel prices near-double since January as Iran conflict and refinery outages squeeze supply
The US national average diesel price has jumped from $3.53 a gallon in January to $5.454 by mid-August 2026, a…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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S&P 500 falls 0.5% as bond yields hit multidecade highs and oil prices climb
The S&P 500 fell 0.5% on Tuesday as sovereign bond yields climbed to multidecade highs and oil prices rose amid…
Oil Rises for Third Day as Iran Vows to Keep Strait of Hormuz Closed
Oil prices climbed for a third straight session after Iran said it would keep the Strait of Hormuz closed and…
US diesel reserves fall near 23-year lows as crack spread hits record $102
US diesel inventories have dropped near 23-year lows while the front-month NYMEX heating oil/WTI crack spread hit a record $102…
Russia’s oil production falls for sixth straight month as Ukrainian drone strikes hit refineries
Ukrainian long-range drone strikes have knocked out over a million barrels per day of Russian refining capacity, pushing crude production…
