Today: 11 June 2026
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NASDAQ:BOKF 27 January 2026 - 27 May 2026

Oil Slips With Fresh Iran Deal Hopes, Hormuz Watch Back in Focus

Oil Slips With Fresh Iran Deal Hopes, Hormuz Watch Back in Focus

Oil prices fell about 4% Wednesday after Iranian state TV reported a draft U.S.-Iran deal to reopen the Strait of Hormuz, sending Brent to $95.59 a barrel and U.S. crude to $88.91. The White House called the report “complete fabrication.” Shipping traffic through Hormuz remains far below pre-war levels. Indian airlines IndiGo and Air India are cutting domestic flights, citing high fuel costs.
Heating Oil price today: ULSD futures jump near 10% as Strait of Hormuz fears bite

Heating Oil price today: ULSD futures jump near 10% as Strait of Hormuz fears bite

U.S. April heating oil futures surged 9.8% to $3.6163 a gallon Thursday, hitting a 52-week high as supply risks and Middle East tensions rattled markets. Brent crude rose to $84.32 a barrel and U.S. WTI to $79.06. Average U.S. retail diesel prices climbed to $4.04 per gallon. Distillate inventories remain about 3% below the five-year average, EIA data showed.
Brent crude price leaps above $84 as Hormuz attacks rattle oil markets

Brent crude price leaps above $84 as Hormuz attacks rattle oil markets

Brent crude jumped over 3% to $84.32 a barrel after tanker explosions and shipping disruptions near Kuwait and Iraq, with about 200 vessels stranded off major oil producers. U.S. crude inventories rose by 3.5 million barrels last week. JPMorgan warned Iraqi and Kuwaiti supplies could halt if the Strait of Hormuz remains closed, threatening 3.3 million barrels per day. Diesel prices and physical crude premiums surged amid tightening supply.
Brent oil price today: Brent holds above $81 as Hormuz disruption keeps traders edgy

Brent oil price today: Brent holds above $81 as Hormuz disruption keeps traders edgy

Brent crude rose 0.4% to $81.69 a barrel in London after sharp swings, as shipping through the Strait of Hormuz remained heavily disrupted for a fifth day. Tanker traffic through the strait dropped to four vessels on March 1, down from an average of 24. U.S. crude stocks climbed by 3.5 million barrels last week. Banks raised oil price forecasts, with UBS warning Brent could top $90 if disruptions persist.
Oil prices today: Brent steadies near $81 as Hormuz disruption drags on and banks flag $100 risk

Oil prices today: Brent steadies near $81 as Hormuz disruption drags on and banks flag $100 risk

Brent crude slipped 24 cents to $81.13 a barrel by late morning Wednesday, erasing earlier gains after reports of possible Iran–U.S. intelligence contacts. The Strait of Hormuz remained blocked for a fifth day after a U.S. strike hit an Iranian warship, forcing Iraq to cut output by 1.5 million bpd. Saudi Aramco diverted some crude loadings to Yanbu as tanker rates surged. Goldman Sachs raised its Brent forecast, citing risks from prolonged Hormuz disruptions.
Heating oil price slips after cold snap surge as traders take profit; inventories in focus

Heating oil price slips after cold snap surge as traders take profit; inventories in focus

NY Harbor ULSD March futures fell 0.9% to $2.3283 a gallon Tuesday as winter storm disruptions unsettled distillate trading. U.S. crude output dropped by up to 2 million barrels per day over the weekend, but production and refinery operations are recovering. Traders await outage updates and Wednesday’s U.S. inventory report.

Stock Market Today

  • Ideaya Biosciences Stock Drops 10% Amid $300M Fundraising Despite Bullish Outlook
    June 10, 2026, 10:30 PM EDT. Shares of Ideaya Biosciences ($IDYA) fell 10% to around $27 following the announcement of a $300 million stock offering priced at $27 per share, diluting existing shareholder value. The biotech firm had surged 13% earlier due to promising oncology trial results presented at ASCO. Analysts from Citizens reaffirmed a Market Outperform rating and a $45 target, citing robust pipeline developments and collaborations, including a deal with Roche on a novel oncology drug combination. Positive clinical data showed a 37% response rate in uveal melanoma, substantially outperforming standard care. The cash raise aims to advance multiple cancer trials, ensuring a solid financial runway despite near-term stock pressure from dilution.

Latest articles

Tech stocks slide after hours, Oracle’s AI spending draws focus

Tech stocks slide after hours, Oracle’s AI spending draws focus

11 June 2026
Semiconductor stocks plunged 3.6%, dragging the S&P 500 technology sector into correction territory—down 11% from its June 2 record—as investors punished AI-linked companies like Oracle and Super Micro Computer for heavy spending and capital raises, signaling a shift in risk appetite amid rising inflation and escalating U.S.-Iran tensions.
Murphy USA Shares Spike 10% After Casey’s Margin Surge Rattles Gas Station Sector

Murphy USA Shares Spike 10% After Casey’s Margin Surge Rattles Gas Station Sector

11 June 2026
Murphy USA soared 10.04% to $612.16 as investors seized on Casey’s General Stores’ stronger-than-expected fuel margins, spotlighting sector-wide pump profitability; with Murphy’s own first-quarter fuel contribution up 40.6% and margins at 35.0 cents per gallon, the stock’s jump reflects bets that high margins will persist, though volatility in fuel prices remains a key risk.
Sky Quarry Jumps in After-Hours; Traders Eye June Refinery Restart

Sky Quarry Jumps in After-Hours; Traders Eye June Refinery Restart

11 June 2026
Sky Quarry soared 22.44% to $1.91 on record volume, then jumped to $2.38 after hours, as investors bet on a June refinery restart after repairs and a feedstock shortage crushed Q1 revenue to $383; with just $66,828 in cash and “substantial doubt” about its ability to continue, the stock’s fate hinges on hitting its June production target.
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