Brent Oil
Coverage of Brent Oil in the Nexus archive.
- Oil Edges Lower on OPEC Increase, Dollar Steady: Markets Wrap
Oil prices declined at the SK Innovation Co. Ulsan Complex refinery in South Korea following increased flows through the Strait of Hormuz. The drop erased wartime gains in Brent oil prices amid progress on a US-Iran peace deal.
- Oil’s Stunning Reversal Rekindles Fears of a Global Glut
Brent oil erased its wartime gains as increased flows through the Strait of Hormuz followed progress on a US-Iran peace deal. The development has rekindled concerns about a global oil glut.
- Oil Jumps After Tanker Hit in Middle East Flare-Up
Oil prices initially jumped following a Middle East flare-up involving a hit tanker but later erased gains as progress on a US-Iran peace deal increased flows through the Strait of Hormuz. The incident occurred at Odfjell Terminals Korea Co. facilities in Ulsan, South Korea.
- Micron Surges on AI Boom as Brent Oil Erases Iran War Gains | The Pulse 6/25/2026
Micron experienced a surge driven by the AI boom, while Brent Oil lost gains previously attributed to the Iran War.
- Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
Exxon executive Neil Chapman warned that oil inventories will reach all-time lows in weeks, causing physical Brent oil cargo prices to surge to $150–$160 per barrel.
- Commerzbank Sees Brent Oil Staying Over $80 Until End of Year
Commerzbank predicts Brent oil prices will remain above $80 until the end of the year due to tight supply conditions. Thu Lan Nguyen, the bank's head of commodities research, noted that even if tensions between the US and Iran ease and the Strait of Hormuz opens, supply constraints will persist.