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Daily Market Digest (May. 29, 2026) 🤖 AI-Powered
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Oil has been surging since the beginning of the Iran war, taking barrels off the market—but the market has no …
Major OPEC+ members agreed another modest symbolic increase to their oil output quotas for July, even as a blockage of …
Tanker traffic through the Strait of Hormuz has collapsed by 90% to 95% compared to pre-war levels, analysts concur. Some …
WTI crude futures have risen nearly 10% in three days as hopes for a quick peace deal fade.
Industrial action at the Ichthys LNG project offshore Australia has started to affect loadings, with Reuters reporting that one tanker …
The oil price rally lost steam after President Donald Trump’s diplomatic efforts to de-escalate tensions in Lebanon calmed commodity markets, …
Oil prices pushed higher Monday, with Brent crude topping $94 per barrel and WTI climbing above $90, after President Donald …
Demand destruction resulting from higher prices will somewhat soften the blow from physically tighter oil markets, Goldman Sachs commodity analysts …
Stock futures were drifting lower on Sunday with no progress on the Iran war as it enters its fourth month …
China has been cited as an example of a country that has managed to insulate itself relatively well against oil …
Last updated: Friday, May 29, 2026, 11:36 AM ET Investors are reading Trump's comments as another step toward de-escalation. The …
Early on Friday, oil prices were on track to plunge by 19% in May as traders and speculators bet on …
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