US emergency oil stockpile hits 40-year low, Hormuz deal hopes fade and diesel jumps
Oil prices jumped about 5% Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures climbed about 5% to close at $82.13 per barrel. Brent crude, the international benchmark, also settled around 5% higher at $87.72 a barrel. President Donald Trump told Axios on Sunday that the … Read more