Crude oil prices surged over 18% in June, driven by consistent demand and increasing geopolitical uncertainty, the analyst points out. Iran holds 3% of global oil supplies.

A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries ...

Oil prices have fluctuated due to concerns about potential supply disruptions in the Middle East following recent Israeli strikes on Iran, but no actual supply cuts have occurred. The Strait of ...

August WTI crude oil (CLQ25 ) today is down -1.11 (-1.62%), and August RBOB gasoline (RBQ25 ) is down -0.0284 (-1.30%). Crude oil and gasoline prices today fell from 3-week highs and turned lower ...

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.

US crude oil production in the week ending July 4 fell -0.4% w/w to 13.385 million bpd, modestly below the record high of 13.631 million bpd from the week of December 6.

Crude oil inventories in the United States fell by 11.5 million barrels during the week ending June 13, according to new data from the U.S. Energy Information Administration (EIA) released on ...

Crude inventories fell by 5.8 million barrels to 415.1 million barrels in the week ending June 20 according to the Energy Information Agency. This exceeded analysts’ expectations in a Reuters ...

A team of chemical engineers at the Massachusetts Institute of Technology has invented a new process to separate crude oil components, potentially bringing forward a replacement that can cut its ...

Should prices keep falling, this would force U.S. oil companies to stop producing, and for a lengthy period. If markets are expecting a rally, or even stability, they are likely to be disappointed.

The plan calls for trains loaded with waxy crude extracted from the Uinta Basin area of Utah to pass along rail lines along the Colorado River, including through Glenwood Canyon. Uinta Basin Railway ...