Dow Jones Top Energy Headlines at 4 PM ET: Oil Futures Rise As Strait of Hormuz Stays Closed | Secretive ...

Oil futures have risen for the third consecutive session due to the closure of the Strait of Hormuz, following Iran's actions against vessels and ongoing U.S. sanctions. U.S. crude oil stockpiles increased by 1.9 million barrels, surpassing the five-year average. GE Vernova has raised its outlook amid rising demand from data centers. Meanwhile, countries like China, Japan, and South Korea are managing the energy crisis effectively. Halliburton reported a profit increase driven by steady service demand, while U.S. gasoline prices remain lower than in Europe and Asia despite overall elevated costs.