WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At 'Tank Bottoms'
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Source: Zero Hedge
Published: 2026-07-16 00:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Energy, US Politics
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Snippet:
Oil prices are marginally higher overnight after President Trump reinstated the blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
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