Oil prices have retreated from recent highs as markets price in hopes of partial Hormuz reopening, while record U.S. crude exports and massive SPR releases temporarily ease global supply pressures.

Brent, WTI futures extend gains after report US crude exports hit record 6.44 million bpd, driving inventory drawdowns Gasoline and distillate stocks fall sharply ahead of US driving season DENVER, ...

March 10 (Reuters) - U.S. crude oil exports decreased 3% in 2025 from 2024, the first annual decrease since 2021, the U.S. Energy Information Administration said on Tuesday. The U.S. exported 4.0 ...

Physical crude premiums have collapsed from more than $30 above Brent to near parity as refiners delay purchases, draw down inventories, cut refinery runs, and rely on strategic reserve releases ...