The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

KUWAIT, May 8 (KUNA) -- Kuwait crude oil rose USD 1.97 during Wednesday's trading to reach USD 64.05 per barrel compared with ...

The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and ...

The prices of the Brent crude and West Texas Intermediate were down each by USD 1.06 and USD 1.16 to settle both at USD 60.23 ...

CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been ...

The West Texas Intermediate for June delivery increased 1.11 U.S. dollars, or 1.85 percent, to settle at 61.02 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery went ...

West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $56.13 per barrel, down ...

Apil, fueled by optimism over upcoming U.S.-China trade talks. West Texas Intermediate closed above $60 for the first time in over a week. Prices rose three of five trading days on the New York ...

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng on May 10. Also on Friday, President Trump indicated he'd be in favor of an 80% tariff on Chinese goods. While still ...

But reaction to the plunging price of crude has played out differently in Canada versus the U.S, with companies south of the ...