Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
Oil inventories will hit “really, really low levels” in the coming weeks due to the Middle East conflict, said Exxon Mobil executive Neil Chapman. This will force the price of oi... Read more
Published: May 28, 2026 at 5:06 p.m. ET .css-1erd2mv-StyledNewsKitParagraph{word-break:break-word;font-size:calc((16 / var(–article-base-font-size)) * var(–article-text-size-scal... Read more
Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Future... Read more
Investors trying to assess just how close U.S. and Iran are to some kind of peace deal can expect two scenarios to play out, in regards to oil, according to Bank of America Securities. The h... Read more
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s. Caesars be... Read more
Traders are grappling with huge swings in oil prices against a backdrop of conflicting rhetoric from Washington and Tehran. The U.S. and Iran exchanged retaliatory strikes this week, despite... Read more
Live Updates Updated Thu, May 28 20266:10 AM EDT ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Traders work on the floor of the Ne... Read more
Shares in LG Energy Solution surged after the company’s unit secured a battery deal. The deal underscored LG’s push into U.S.-made storage batteries. An LG Energy Solution Co. battery... Read more
Goolsbee warned Asia faced an old-style stagflation shock. Oil prices stayed far above prewar levels despite recent declines. Austan Goolsbee, president of the Federal Reserve Bank of Chicag... Read more
Oil prices rose after fresh U.S. strikes in Iran renewed concerns over disruptions to commercial shipping through the Strait of Hormuz. U.S. forces also reportedly intercepted and downed sev... Read more
