Petroleum & West Texas Intermediate
36 shared events · Importance 25 · Last updated Jul 03, 2026
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International
Petroleum: The price of Petroleum>>> has surged due to the conflict and the closure of the Strait of Hormuz>>>, directly impacting global energy markets and corporate costs.
West Texas Intermediate: West Texas Intermediate (WTI) crude prices have risen, mirroring the global trend in oil prices due to the Iran war.
May 05, 2026 · 374 articles
International
Petroleum: Petroleum prices plunged following the ceasefire agreement and the temporary reopening of the Strait of Hormuz, after weeks of price increases due to the Middle East war.
West Texas Intermediate: West Texas Intermediate crude prices sank significantly due to the ceasefire and the expected reopening of the Strait of Hormuz.
Apr 07, 2026 · 79 articles
International
Petroleum: The price of oil has been significantly impacted by the closure and subsequent partial reopening of the Strait of Hormuz. The easing of supply concerns due to increased traffic through the strait has led to oil prices falling to pre-war levels.
West Texas Intermediate: West Texas Intermediate (WTI) crude prices have also fallen to pre-war levels, reflecting the improved outlook for oil supply following the partial reopening of the Strait of Hormuz.
Apr 20, 2026 · 390 articles
Business
Petroleum: Petroleum inventories in the United States decreased more than expected, indicating higher demand or tighter supply, which typically supports Petroleum prices.
West Texas Intermediate: The tightening of West Texas Intermediate price spreads between Cushing and the coast indicates market response to the low inventory levels at Cushing, reflecting a tighter physical market.
Jun 02, 2026 · 23 articles
International
Petroleum: Petroleum prices have been significantly impacted by the conflict and the closure of the Strait of Hormuz. The interim deal's provisions for reopening the strait and allowing Iran to sell its oil freely are expected to increase global supply and lower prices, providing relief to consumers.
West Texas Intermediate: West Texas Intermediate crude prices fell significantly after the US and Iran signed an interim agreement, signaling increased oil supply and easing concerns about the Strait of Hormuz closure.
May 27, 2026 · 425 articles
International
Petroleum: Petroleum prices have been highly volatile due to the conflict and the closure of the Strait of Hormuz. The interim deal and the reopening of the Strait are expected to lead to a significant increase in oil supply, potentially causing a 'mini glut' in the short term and stabilizing prices, which is beneficial for importing nations like India.
West Texas Intermediate: US West Texas Intermediate crude futures also fell significantly, mirroring the market's reaction to the US-Iran interim deal and the improved global supply outlook.
Apr 20, 2026 · 302 articles
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