U.S. crude futures extended losses after inventories unexpectedly surged last week as imports jumped and refineries maintained output.» Read More
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
After gallons of crude oil gushed from the Exxon Valdez and soiled Alaskan's grounds, oil spill responders fear that another disaster is looming.
Gasoline prices, already up about 12 cents in two weeks, are expected to rise before topping out in the spring.
Gasoline could jump anywhere from 15 to 40 cents a gallon over the next several months, but it could be one of the cheapest summer driving seasons in several years.
Cheaper gasoline has put billions back in the pocket of consumers, but it’s unclear how much of it will go to holiday shopping.
Hundreds of thousands of barrels of oil a day will move from western Canada into the U.S., even if the Keystone XL Pipeline is never built.
Oil could briefly spike to $150 per barrel or more if Syria's supporters seek to punish the U.S. and its allies for a military strike against it by disrupting oil supplies. Brent oil could briefly spike as high as $150 a barrel.
The potential for U.S. intervention in Syria has sent jitters through the oil market, but the event's ultimate impact will be determined by what happens after the military strike.
U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile.
Crude continues its runup, reaching for $110 in Friday's session. Here's why this trader is still betting on oil.
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After an eight-day consolidation pattern, August natural gas futures have broken down and appear headed for another leg lower.
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Crude has had an incredible run, but one pro would think twice about hopping aboard this speeding train.
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Call it a crude awakening. Geopolitical risk, a large inventory draw, and anxiety about going home short over a holiday weekend have set up oil for higher prices.
Following UK firm IGas' news that a larger amount of shale gas than previously thought may be available in the north of England, the British Geological Survey (BGS) has urged caution.