business

Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

MarketWatch · Jun 30, 2026, 6:36 PM · Also reported by 2 other sources

Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.

Read full story on MarketWatch → More top stories

Also covered by

Financial Times US stocks chalk up biggest quarterly gain in six years Yahoo Finance Oil Prices Head for Biggest Quarterly Drop Since Pandemic

Aggregated and edited by the Scoop newsroom. We surface news from MarketWatch alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

Also covered by

More in business