Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-06-06T12:00:00.000Z
(Bloomberg) -- For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe. Trump Says He, Not Congress, Is in Charge of Kennedy Center in Reversal Why Oil’s Not at $200 After the Biggest Supply Shock in History Becerra Advances for California Governor as Hilton Fights Steyer SpaceX Inks $30 Billion Computing Power Deal With Google US Forces See Nearly 1,000 Hormuz Crossings Since Ceasefire It’s now been more than three months since the waterway was effectively blocked, creating the worst supply shock in modern history. But a slew of workarounds is keeping crude oil below $100 a barrel, defying many of the industry’s grimmest forecasts for prices as high as $200. A combination of record US exports, a sharp and unexpected
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.