Oil News

Oil prices fell more than 5% on Tuesday after reaching their highest levels in more than three years in the previous session, following comments from US President Donald Trump suggesting the war in ...

When oil reached $55 per barrel in late 2025, drilling and completion activity across the industry had already slowed sharply. A few months later, the war in Iran erupted, pushing West Texas ...

Oil prices jumped above $119 per barrel on Monday, reaching levels not seen since mid-2022 after some major producers reduced supply amid fears of prolonged shipping disruptions as the war between ...

Crude oil prices jumped above $100 per barrel on Sunday after major producers in the Middle East cut production levels due to the continued closure of the vital Strait of Hormuz amid the war with ...

US crude futures rose more than 12% on Friday but remained below Brent prices, as buyers sought available supplies while Middle Eastern shipments became restricted following the effective closure of ...

US President Donald Trump is preparing to use the US Navy to escort oil tankers through the Strait of Hormuz amid the intensifying war against Iran. However, ensuring safe passage for the large ...

Oil prices are heading for their strongest weekly gains on Friday since the extreme volatility seen during the COVID-19 pandemic in the spring of 2020, as the ongoing conflict in the Middle East ...

Oil prices rose on Thursday, extending their rally as the US–Israeli war against Iran expanded and disrupted supply and shipping routes, prompting some major producers to cut output while ...

Oil prices rose by about 1% on Wednesday as US-Israeli strikes on Iran disrupted Middle East supplies, although the pace of gains slowed compared with previous sessions after President Donald Trump ...

The global oil market is facing a worst-case set of outcomes as the war between the United States and Iran expands across large parts of the Middle East, with no clear off-ramp in sight. That raises ...