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Oil Rises After Biggest Drop Since 2020 as Hormuz Stays Blocked

Apr 08, 2026 22:01 UTC

A pumpjack near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch..

  • A pumpjack near Crane, Texas, US, on Saturday, March 15, 2025
  • The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch

A pumpjack near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch.

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