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Current price of oil as of Aug. 19, 2026 | Fortune 0
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- August 19, 2026
At 6:30 a.m. Eastern Time today, the price of oil sits at $93.60 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $1.18 since yesterday morning and $27.41 more than at this time last year. oil price per barrel % Change Price of oil yesterday $92.42 +1.27%
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Brazil’s President Lula hails oil discovery near Amazon river 0
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- August 18, 2026
The oil discovery was made in the sea about 175km (110 miles) off the Amazon coast but the size of the field is not yet clear. It is also still unknown whether extracting the oil, which is located at a depth of 2,886m (9,469ft), would be commercially viable. Conservationists have warned that the area where
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U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil | Fortune 0
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- August 18, 2026
Strategic oil inventories have reached a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored. Last week, the Strategic Petroleum Reserve (SPR) plunged below 300 million barrels for the first time since the 1980s, when the reserves were being filled, according to the Department of Energy.
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Iran’s oil is trapped while rivals’ exports from the Persian Gulf are poised to surge, but Tehran could do whatever it takes to break the chokehold | Fortune 0
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- August 16, 2026
The U.S. can’t fully reopen the Strait of Hormuz, and Iran can’t stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran from exporting its crude supplies or importing critical goods, while American forces grapple with munitions and readiness issues. The result has been a stalemate where
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Covert mideast oil flows are keeping global prices in check | Fortune 0
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- August 16, 2026
Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging fears of an energy-driven inflation spike, even as the Iran war drags on. The trade of ferrying oil through the Strait of Hormuz undetected to transfer the barrels onto
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‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’ | Fortune 0
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- August 16, 2026
President Donald Trump on Friday downplayed the toll on American sailors enduring nearly nine months at sea on the USS Abraham Lincoln as concerns escalated about mental health and supply issues aboard the aircraft carrier supporting U.S. operations against Iran. In a brief exchange with reporters before flying to New York for an event to highlight falling violent crime rates across the
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