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OILC

110.19 1.41(1.29%) 2026-05-04 21:12:42

Open: 108.11 Close: 108.78 High: 114.26 Low: 106.52

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2026-05-04Monday

21:11:22

US Treasury Secretary Bessant: Acknowledges that oil and gas prices affect Americans, but expects prices to fall rapidly after the conflict ends.

21:11:03

U.S. Treasury Secretary Bessant reiterated his confidence in the post-war decline in oil prices.

21:10:38

US Treasury Secretary Bessant: I believe market supply will be very ample.

21:10:34

U.S. Treasury Secretary Bessenter: Each oil tanker passing through the Strait of Hormuz carries approximately 2 million barrels of crude oil.

21:10:25

US Treasury Secretary Bessenter: Global oil supply deficit reaches 8 million to 10 million barrels per day

21:10:24

Brent crude oil futures, the most active contract, just broke through the $110.00 per barrel mark, and are currently trading at $109.93 per barrel, up 1.06% on the day.

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