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Source document· May 14, 2026

Crude Oil Prices Slip on Dollar Strength

View original at nasdaq.com
Crude Oil Prices Slip on Dollar Strength June WTI crude oil (CLM26) today is down -0.19 (-0.19%), and June RBOB gasoline (RBM26) is down -0.0534 (-1.48%)…
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  • More than 80 energy facilities have been damaged during the US-Iran conflict, and recovery could take as long as 2 years

    60% confidence
  • The US may restart the operation as soon as this week to guide commercial ships through the Strait of Hormuz with naval and air support

    60% confidence
  • Iran must agree to a peace deal or face military decimation by the United States

    60% confidence
  • Russia is deliberately dragging out the Russia-Ukraine war rather than negotiating toward a genuine settlement

    60% confidence
  • Crude output in the Persian Gulf has been curtailed by approximately 14.5 million barrels per day due to the US-Iran war

    60% confidence
  • The territorial dispute with Ukraine remains unresolved and there is no hope of achieving a long-term settlement until Russia's territorial demands in Ukraine are accepted

    60% confidence
  • Russian average refinery runs fell to 4.69 million bpd, the lowest in 16 years, following Ukrainian strikes on Russian oil infrastructure

    60% confidence
  • The current conflict disruption has drawn down nearly 500 million barrels from global crude stockpiles, a figure that could reach 1 billion barrels by June 2026

    60% confidence
  • The US-Iran ceasefire is in a critically fragile state

    60% confidence
  • Global observed oil inventories declined at about 4 million barrels per day in March and April

    60% confidence
  • OPEC+ aims to continue a series of oil quota increases over the next few months, completing the return of halted oil production by the end of September, reviving the final portion in three more monthly stages

    60% confidence
  • The global oil market will remain severely undersupplied until October 2026, even if the US-Iran conflict ends next month

    60% confidence
  • Crude oil stored on tankers stationary for at least 7 days fell 33% week-over-week to 103.90 million barrels in the week ended May 8, 2026

    60% confidence
  • Iran's response to the US peace proposal was worthless

    60% confidence

Data points we hold from this source

United States Government · gasoline inventory-4.3 percent_vs_5yr_seasonal_avg
United States Government · crude oil production13.710 million_bpd
United States Government · distillate inventory-9.4 percent_vs_5yr_seasonal_avg
United States Government · active oil rigs410 rigs
United States Government · crude oil inventory-0.3 percent_vs_5yr_seasonal_avg
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