Gas Prices Draw Trump DOJ Scrutiny
Crude oil prices are cratering in June 2026, with USO dropping 4.21% to 106.57 and an RSI of 27.46 signaling deeply oversold conditions. A US-Iran peace deal reopened the Strait…
USO ETF
Gas Price Gouging Probe Ordered by Trump
USO dropped 4.22% to 106.58 on June 21, 2026, sitting just above its 52-week low as crude benchmarks hit four-month lows. Diplomatic progress on the Strait of Hormuz is unwinding…
VLCC Rates Surge Near $470,000 on Hormuz Hopes
USO closed at $106.93 on June 21, down nearly 4% and just above its 52-week low, even as Persian Gulf tanker rates hit 897% of benchmark levels. The freight surge…
Brent Crude Drops Below $74 Since Iran War Start
USO dropped 4.04% to $106.70, brushing its 52-week low, as Brent crude fell below $74 a barrel for the first time since the Iran conflict began. UAE exports have rebounded…
Oil Prices Hit Pre-Iran War Lows
Crude oil prices hit their lowest point since before the Iran war began, with USO dropping 3.8% to $107.02 as U.S.-Iran ceasefire talks in Switzerland and a confirmed Strait of…