Oil Jumps 5% as US Strategic Reserve Hits Lowest Since 1983 episode artwork

EPISODE · Aug 10, 2026 · 12 MIN

Oil Jumps 5% as US Strategic Reserve Hits Lowest Since 1983

from Market Brief - After Hours

On today's episode of Market Brief – After Hours, oil surges more than 5% as the US-Iran stand-off keeps the Strait of Hormuz in focus and the US Strategic Petroleum Reserve falls to its lowest level since January 1983. We look beneath a deceptively quiet Wall Street close at rising Treasury yields, this week’s crucial inflation releases, strong gains in gold and silver, and Bitcoin’s fall below $64,000.We also cover the latest developments across European and Asian markets and examine the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CHF. Plus, MarineMax, Varex Imaging, Datadog, Monday.com and Intel feature among the day’s biggest stock movers. Hosted on Acast. See acast.com/privacy for more information.

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Oil Jumps 5% as US Strategic Reserve Hits Lowest Since 1983

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