Strategic Petroleum Reserve Storage at the Bryan Mound Site in Freeport, Texas. (Brandon Bell/Getty Images via Bloomberg News) June 15, 2026 1:26 pm, EDT key takeaways: The Trump administration is set to release 172 million barrels from the Strategic Petroleum Reserve, cutting holdings by about 340 million barrels, which is near the lowest level since
The American flag flies next to a One9 Fuel stop sign displaying diesel and unleaded gas prices in Wilmington, Ohio, on June 10. (Caroline Caster/AP) June 15, 2026 8:13 am, EDT | Update: June 15, 2026 11:40 am, EDT key takeaways: Oil prices fell after Iran announced a temporary deal to end the war and
A small motorboat passes ships anchored in the Strait of Hormuz near Bandar Abbas, Iran, on June 11. (Amirhossein Khorgui/ISNA via AP) June 12, 2026 8:15 am, EDT | Update: June 12, 2026 2:59 pm, EDT key takeaways: Oil prices fell after President Donald Trump claimed success in talks to end the Iran war. SpaceX
June 5, 2026 3:40 PM, EDT US oil drilling has expanded for six consecutive weeks, the longest increase in nearly four years, after crude prices surged following the Iran war. The number of drilling rigs in US oil fields rose by two this week to 431, according to data released by Baker Hughes Co on