Oil prices have tumbled back toward $60 per barrel. This is a dramatic reversal from the crisis-driven surge that gripped ...

The Ministry of Investment, Trade and Industry (MITI) said the recent Iran-Israel armed conflict led to a surge in global oil prices, which in turn increased the cost of raw materials and logistics.

The Trump–Putin Alaska meeting carried strong symbolism but little substance for energy markets, as Russia’s production ...

Ole Hansen, Head of Commodity Strategy, Saxo Bank The global crude oil market continues to navigate a complex web ...

In fact, they are so tense that the U.S. president appears willing to risk an oil price surge with secondary tariffs—and ...

By Myra P. Saefong OPEC+'s 'superhike' is having an unexpected effect Oil prices marched to their highest levels in two weeks on Tuesday, gaining ground despite plans to increase the flow of crude ...

Although today’s dangers are not in the same league as a world war, they are significant. Pundits talk of a “polycrisis” running from the covid-19 pandemic, land war in Europe and the worst energy ...

“Although news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel,” Razal Hilal of Forex.com says in a note.

NEW YORK — The recent surge in oil prices is forcing sharp increases in gasoline and other fuels that could cascade throughout the U.S. economy for months to come. Pump prices, which are already ...

Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open the floodgates of global crude supply.