Oil prices have risen sharply over the last few months. Normally, that's a recipe for a drilling frenzy from U.S. oil producers. But something strange is happening, or rather, not happening. Continue Reading Hold That Drill: Why Read More
OPEC and its allies said Thursday they are keeping oil production largely steady, even as crude prices stage a remarkable recovery, betting that a restrained approach will lay the groundwork for prices to climb even more. Continue Read More
Oil prices and stock indexes were in freefall Sunday after Saudi Arabia announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the United States and Europe. Continue Reading Oil Prices, Read More
It's the largest one-day surge in crude prices in years. Yemen's Iranian-backed Houthi rebels claimed responsibility for the strikes, but the U.S. says Iran played a key role. Iran denies involvement. Continue Reading Oil Prices Jump Following Read More
Gasoline prices have been dropping steadily for months; they're averaging right around $2.25 per gallon nationally. Enjoy, but don't get used to them, analysts say. Continue Reading Like Those (Relatively) Low Gas Prices? Thank The Global Oil GlutRead More
Oil prices dropped below $60 a barrel on Black Friday, the lowest price in a year. While President Trump credits Saudi Arabia for what he says amounts to a "tax cut," the reality is more complicated. Continue Reading Oil Prices Hit A New Low This Read More