# Oil Prices Swing: From Highs to Lows

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Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/oil-prices-swing-from-highs-to-lows.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-05-14T01:14:57+00:00
Episode link: https://api.fastcast.ai/audio/aa168e65-6e48-426d-886f-765089e878a8.mp3
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Duration seconds: 130

## Resource

Physical oil prices surged due to Irans blockade, with North Sea Forties crude reaching nearly $150 a barrel. However, markets have since swung back, trading closer to futures prices. Saudi Aramco cut its official selling prices, and premiums collapsed due to buyer caution and fresh supplies. U.S. producers are benefiting, with crude exports hitting a record high. The U.S. is tapping commercial stocks and the Strategic Petroleum Reserve, while Europes aviation agency expanded supplies of U.S.-grade Jet A. Despite this, physical prices are expected to climb again unless the Strait of Hormuz reopens soon. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/30bf321d738bf757

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