EnergyReader · 2026-06-18 11:01

US reserves drain at a record pace as Brent bets on a ceasefire

By EnergyReader Newsroom · June 18, 2026

Oil prices recovered on Thursday (2026-05-21) after two straight sessions of losses, with Brent crude up 0.77% as a record draw on US crude inventories sharpened worries about tightening global supply.

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ICE Brent crude futures, front-month → OPEC reference basket → Strait of Hormuz oil/LNG transit flows → China crude oil imports →

Connected coverage Stories linked to Brent through the market graph: same hub, spread, route or driver.

ICE Brent Crude Front-Month Hits $104.80 as Equity Markets Stay Calm Through Seven-Month Supply Crunch 6h ago · Brent same market Oil Holds Above $100 as Fed Rate Hike Bets Stay Firm on Energy Inflation 7h ago · Brent same market Asian Refiners Pay Record Dubai Premiums as Futures Markets Signal Diverging Supply 11h ago · Dubai Crude shared: Saudi Crude Production … Saudi Pipeline Partial Restart Pulls WTI Back From Recent Highs 8h ago · WTI via Global Crude Balance Bond Yields at 19-Year Highs Fail to Shift WTI From $102 17h ago · WTI via Global Crude Balance OMV Declares Essar Discovery Commercially Viable in Libya's Sirte Basin 2h ago · Libya same desk

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