UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world's largest crude importer.

Crude oil futures edged higher Thursday as a big bullish draw in U.S. gasoline inventories offset a higher than expected ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

U.S. crude oil inventories rose 2.1 million barrels to 429.7 million barrels, surpassing analyst expectations for an increase ...

U.S. gasoline inventories fell to their lowest levels in two years as fuel supplies drew down unexpectedly last week amid ...

Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas ...

Or as they say, insanity is doing the same thing twice and expecting different results.

The Energy Department issued a new call to buy oil for the Strategic Petroleum Reserve as prices fall further from its $79 a barrel target acquisition price. The DOE said Monday it will take bids ...

is the latest step in bringing oil back to the reserve after its biggest sale ever in 2022 of 180 million barrels. President Joe Biden had ordered that sale after gasoline prices spiked following ...

Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo 28 Oct 2024 05:47PM (Updated: 29 Oct 2024 03:15AM) ...