Refineries transform crude oil into valuable products, gaining when oil prices drop. Refining stocks offer portfolio balance, particularly as hedges against oil price flux. High utilization and ...

NEW YORK, March 27 (Reuters) - Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy.

The crude oil markets look as if they are going to break even higher over the longer term, but traders will have to be aware that the process is just that, a process. This will take some time ...

With a supply cost that low, ConocoPhillips can cash in on $70 crude oil. The oil company expects to produce enough cash to cover the $12.9 billion it plans to invest in capital projects to ...

Brent Crude Oil Technical Analysis Brent markets look very much the same, we are just hanging around just below the $70 level. The $70 level, of course, is important from a large round number ...

The U.S. is the world’s largest oil producer, but it still needs to import more crude oil than it makes. The majority of those imports come from Canada and Mexico, thanks to a mutually ...

HOUSTON, March 26 (Reuters) - Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.455 million barrels for the week ending February 28. Analysts had expected a smaller ...

The U.S. sanctions on Russia’s oil trade have led to a slump in Indian imports of Russian crude, which have plunged to a two-year low in February, per data from analytics firm Kpler cited by ...

Crude oil futures rebounded from Wednesday’s lows after the US offered some concessions on recent tariffs. At 9.56 am on Thursday, May Brent oil futures were at $69.68, up by 0.55 per cent ...

Canada produces the "type of crude oil that American refineries are geared ... according to the Distilled Spirits Council of the United States, a trade group. The U.S. imported $537 million ...