Brent crude oil dropped to $73 per barrel as supply worries eased. Trump urged a DOJ probe into oil companies for not lowering gasoline prices accordingly.

Brent crude climbed 1.4 per cent to US$8.72 a barrel as at 7.25am Singapore time, while US crude surged 2.8 per cent to US$78.75. Read more at straitstimes.com. Read more at…

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.

The president complained that prices at the pump haven’t dropped sharply enough despite a sharp slump in crude prices since the Iran peace deal went into effect.

Trump accuses oil companies of gouging consumers as crude falls below $100/barrel, prompting a DOJ probe into $2.6B in suspicious oil trading profits.

The average price of gasoline in the United States stood at $2.98 per gallon before the start of hostilities against Iran, and had climbed to about $3.90 by June 22

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk…

Brent crude oil dropped to $73 per barrel as supply worries eased. Trump urged a DOJ probe into oil companies for not lowering gasoline prices accordingly.

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.