A tenuous deal with Iran has pushed oil prices lower, but U.S. strategic petroleum reserves are at their lowest level in 40 years and commercial inventories have been heavily drawn down.

Falling crude and gasoline prices reflect optimism about a reopening of the Strait of Hormuz, but depleted inventories, restocking demand, and lingering logistical constraints…

Depleting global oil inventories and uncertainty over Strait of Hormuz traffic could undermine the benefits of the U.S.-Iran memorandum and drive oil prices sharply higher during…

A tenuous deal with Iran has pushed oil prices lower, but U.S. strategic petroleum reserves are at their lowest level in 40 years and commercial inventories have been heavily…

Oil prices hit lowest levels since the Iran conflict amid negotiation progress. New all-time high by September 30 at 8.5% YES.

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel...