Analysts widely expect any move to restrict the flow of shipping traffic in the Strait of Hormuz to bring a spike to oil ...

Yet, U.S. benchmark oil prices tumbled $5.33 to close at US$68.51 a barrel on Monday as oil markets tried to assess the risk ...

The direction of oil prices is now dependent on Iran's response to the US attacks on its nuclear facilities, as any ...

Following America's bombing of nuclear sites in the Middle East, petroleum analysts stated they anticipate an increase in oil and gasoline prices.

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

Draft legislation released by the Senate Finance Committee includes $18 billion in new tax benefits for oil and gas companies ...

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Occidental Petroleum (OXY) closed the most recent trading day at $43.95, moving -3.68% from the previous trading session. This move lagged the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

Well-supplied markets and weakening demand for crude concern American drillers.