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Wednesday
13
May 2026
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> crude oil

> crude oil

What’s happening with oil: Why it dropped from record highs of $126 to around $111 within hours

The role of Trump's statements, market fears of "demand destruction" and strategic stocks

Oil: Brent heading toward $110 due to Hormuz, with the Fed, BOJ, and fears of a new energy shock in focus

According to experts, it will take at least four to six months for the oil market to stabilize, and until then prices are likely to remain elevated

Oil: Drops below $90 after rally toward $120

Crude oil prices fell sharply on Monday shortly after trading closed, after Donald Trump, President of the United States, said he is considering the possibility that the U.S. could take control of the Strait of Hormuz

2.5% drop in oil prices

Small weekly decline, with Brent closing at $74.43 and WTI at $70.40

Russia to cut oil output by 500,000 barrels per day in March

The West has put a ceiling on the prices of Russian oil and Russian oil products

The world’s largest oil producers (infographic)

The US tops the world

Where does Iran ship its crude to? (infographic)

Asia Pacific leader