Headlines
Bloomberg MarketsArgentina’s Beef Export Boom to US Leaves Locals Paying More for SteakBloomberg MarketsTrump Tariff Defeat Is Market Tailwind ‘No One Is Talking About’Bloomberg MarketsStocks Set for Best Quarter Since Pandemic; SCOTUS Expands Trump's Power | Bloomberg Brief 6/30/2026Bloomberg MarketsBOE’s Breeden Warns AI Agents Risk Triggering Market MeltdownsFinancial TimesGold heads for worst quarter in more than a decade as retail frenzy fadesBloomberg MarketsMarket Has ‘Resilience Factor,’ Says Oppenheimer’s StoltzfusBloomberg MarketsBlackRock Downgrades Emerging-Market Equities Over AI RisksBloomberg MarketsIran Ratchets Up Talk of Controlling Hormuz Before New Talks | The Opening Trade 6/30/2026Bloomberg MarketsIran Demands Greater Control of Hormuz as Talks ResumeBloomberg MarketsEurope Regulator Recognizes India Sovereign Bond Clearing HouseBloomberg MarketsOil Headed for Largest Quarterly Price Drop Since 2020Financial TimesAmerica’s stillborn 250th birthdayBloomberg MarketsTraders on High Alert as the Yen Hits a Four-Decade LowBloomberg MarketsUS Stocks Head for Best Quarter in Six Years | The Pulse 6/30/2026Bloomberg MarketsIndia Plans to Cut Reliance on Middle East Oil After War ShockBloomberg MarketsArgentina’s Beef Export Boom to US Leaves Locals Paying More for SteakBloomberg MarketsTrump Tariff Defeat Is Market Tailwind ‘No One Is Talking About’Bloomberg MarketsStocks Set for Best Quarter Since Pandemic; SCOTUS Expands Trump's Power | Bloomberg Brief 6/30/2026Bloomberg MarketsBOE’s Breeden Warns AI Agents Risk Triggering Market MeltdownsFinancial TimesGold heads for worst quarter in more than a decade as retail frenzy fadesBloomberg MarketsMarket Has ‘Resilience Factor,’ Says Oppenheimer’s StoltzfusBloomberg MarketsBlackRock Downgrades Emerging-Market Equities Over AI RisksBloomberg MarketsIran Ratchets Up Talk of Controlling Hormuz Before New Talks | The Opening Trade 6/30/2026Bloomberg MarketsIran Demands Greater Control of Hormuz as Talks ResumeBloomberg MarketsEurope Regulator Recognizes India Sovereign Bond Clearing HouseBloomberg MarketsOil Headed for Largest Quarterly Price Drop Since 2020Financial TimesAmerica’s stillborn 250th birthdayBloomberg MarketsTraders on High Alert as the Yen Hits a Four-Decade LowBloomberg MarketsUS Stocks Head for Best Quarter in Six Years | The Pulse 6/30/2026Bloomberg MarketsIndia Plans to Cut Reliance on Middle East Oil After War Shock
Home/Bloomberg Markets
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
Bloomberg Marketsglobal

Oil Headed for Largest Quarterly Price Drop Since 2020

Bloomberg Markets
Tuesday, June 30, 2026 at 10:42 AM
~4 min read
InflationEnergy

Original Report

Oil is set for the biggest quarterly decline since the pandemic and Morgan Stanley is warning of a potential glut ahead as flows through the Strait of Hormuz accelerated following progress on a peace...

Oil is set for the biggest quarterly decline since the pandemic and Morgan Stanley is warning of a potential glut ahead as flows through the Strait of Hormuz accelerated following progress on a peace deal between the US and Iran. Alaric Nightengale reports on Bloomberg Television. (Source: Bloomberg)

Glass House Analysis

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%