Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
Source:
cnbc
June 18, 2026 · 20:26
With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.
The original article opens on the publisher's website.
More from Energy
View topic →China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says
cnbc
Sep 1, 2026 · 16:52
US diesel prices soar as Trump hauls in refiners
financialTimes
Sep 1, 2026 · 14:18
US defends Venezuela deal as Chevron prepares to expand operations
financialTimes
Sep 1, 2026 · 13:48
Anthropic's Claude Fable 5.1 and Mythos 5.1 arrive with a 75% cost reduction for Fable cache reads
ventureBeat
Sep 1, 2026 · 11:41
Prediction market traders think job creation rebounded in August
cnbc
Sep 1, 2026 · 11:16