These factors are government, international transactions, speculation and expectation, and supply and demand. Economic ...

Earlier this week, Saudi Arabia reportedly decided to ramp up its oil production from December, abandoning its earlier target ...

Two researchers write in a new paper that Russia was able to brace for the financial penalties imposed after its invasion of ...

Brent crude futures settled up 38 cents, or 0.53%, at $71.89 per barrel. Front-month U.S. West Texas Intermediate crude ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Oil futures edged higher in Friday dealings but remained on track for a weekly loss on expectations OPEC+ will boost ...

Shares of United States Brent Oil Fund, LP (ARCA: BNO) are trading higher Friday as oil prices react to escalating tensions ...

Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting ...

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

Snacks, baked goods, and household essentials were all included in a recent round of price reductions at Costco.

Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations for increased ...

Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...