Crude breached $112 as 2.5-million-bpd reserve drain and impending macroeconomic contagion overshadow transient waivers

19 May 2026 Crude futures spiked to two-week highs as a rapid 2.5-million-bpd drain on strategic reserves and crashing Chinese refinery runs exposed the severe macroeconomic contagion of the prolonged Middle Eastern blockade.

19 May 2026

Commodity Exchange: 19 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 19 May 2026 session with the following settlements.

18 May 2026 Brent NYMEX

Historic reserve depletion and hardened diplomatic deadlock propel global crude benchmarks to massive weekly gains

Crude futures secured massive double-digit weekly gains as a hardened US-Iran diplomatic deadlock compounded the historic exhaustion of global strategic reserves.

18 May 2026

Commodity Exchange: 18 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 18 May 2026 session with the following settlements.

15 May 2026 Brent NYMEX

Selective transit agreements and persistent maritime seizures leave global crude benchmarks flat

Crude futures settled flat as the politically negotiated transit of 30 vessels through the Strait of Hormuz was aggressively offset by ongoing kinetic vessel hijackings and a severe IMF global growth downgrade.

15 May 2026

Commodity Exchange: 15 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 15 May 2026 session with the following settlements.

14 May 2026 Brent NYMEX

Macroeconomic headwinds and Beijing summit drag Brent lower despite structural collapse of global supply balances

Crude futures retreated as US interest rate fears and a high-stakes Beijing summit overshadowed a massive 4.3 million-barrel domestic inventory draw and an IEA warning of an annual global supply deficit.

14 May 2026

EIA: Oil stocks sink as Iran conflict continues to drive stronger export-led draw

US commercial crude oil inventories fell sharply by 4.3 million barrels in the week ended 8 May to 452.9 million barrels, as the Iran war roiled oil markets and buyers increasingly turned to US barrels for supply.

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