The current OPEC+ high supply is known to hurt demand, as intra-organizational dynamics point to some members wanting to restrain margins to capture market share. The market could also be pricing a ...

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This is read by an automated voice. Please report any issues or inconsistencies here. The U.S. stock market drifted through a mixed day of trading Tuesday after reports on the economy did little to ...

Trump’s announcement of a blockade on sanctioned Venezuelan tankers pushed WTI crude up more than 2.4%, reflecting heightened geopolitical risk premiums. The move could ultimately disrupt a sizable ...

Oil prices on Tuesday dropped to their lowest point since 2021. U.S. benchmark West Texas Intermediate was trading at about $55 per barrel, according to Business Insider’s tracker. That’s down from ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting ...

The oil-fired boilers that run the heating at La Moye Prison cannot be replaced with an electrically-powered system due to limitations, a Freedom of Information (FOI) request has found. Justice and ...

Dec. 16 (UPI) --U.S. crude fell below $55 a barrel Tuesday to its lowest since early 2021 as markets reacted to surplus concerns and potential peace deal in Ukraine. West Texas Intermediate fell to a ...

LAUNCESTON, Australia, Dec 16 (Reuters) - China's flows of crude oil into storage probably jumped in November to the highest in six months, as a surge in imports overwhelmed steady refinery processing ...

Both West Texas Intermediate crude and the key benchmark for international oil prices are in position to close at the lowest levels in nearly five years. Renewed hopes for a cease-fire between Russia ...

Crude oil prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on ...