Global Oil Prices Drop by 4% Days to June-July EPRA Fuel Review

US crude stock draw and supply concerns push benchmarks toward $90

Global crude oil prices climbed on Wednesday after the US launched strikes against Iranian military targets near the Strait of Hormuz, reigniting concerns about potential disruptions to global energy supplies and raising fresh questions about the outlook for inflation, trade and economic growth.

US crude inventories fall for eighth week, raising supply concerns

Oil: The Department of Energy's data arm now sees global oil use dropping this year by 1.1 million barrels per day (bpd) before bouncing back next year.