Oil prices are up around $2 today, despite news from the head of the IEA that further reductions in strategic stocks are being considered. The reduction is, of course, primarily in the United States, where up to 1 million barrels per day is being released to the market!

Oil is making up for losses from the end of last week, despite the fundamentally negative news from the IEA. Nevertheless, the rebound in oil can also be linked to the recovery on EURUSD. Source: xStation5
Morning Wrap: Asia dips on US semiconductor sell-off. All eyes on TSMC (16.07.2026)
Morning Wrap: What’s next with the Strait of Hormuz, inflation and US interest rates? (15.07.2026)
Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains
Bypassing Hormuz: Gulf States Race Against Time