Oil prices experienced significant volatility, ultimately closing higher for the week despite early gains being relinquished. Traders are c...

Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Oil an...

Global markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal....

Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected while boostin...

Oil prices gained over 2% on Thursday as investors considered the impact of Israel's rejection of a ceasefire offer from Hamas and unexpect...

A Norwegian-owned vessel was attacked in the Red Sea on Monday and oil major BP said it has temporarily paused all transits through the bod...

The CPI report added to downward pressure earlier coming from concern over excess supply and slowing demand, despite support from escalatin...

Brent futures were down 70 cents at $80.48 a barrel by 1250 GMT. U.S. West Texas Intermediate crude (WTI) shed 65 cents to $76.01. Both ben...

Prices settled slightly lower on Tuesday after Saudi Arabia said it was working with regional and international partners to prevent an esca...

The shortfall will mean that Russia's fuel buyers will have to shop elsewhere, prompting refiners to process more of a dwindling crude supp...

Global benchmark Brent crude is steady at just over $81 a barrel due to demand from the US and supply disruption in Nigeria and Libya. The ...

The Organization of the Petroleum Exporting Countries (OPEC) flagged downside risks to summer oil demand in a monthly report on Thursday. B...

While China's crude oil imports in the first two months of 2023 fell 1.3% year on year, analysts pointed to accelerating imports in Februar...

Brent crude futures fell $2.82, or 3.19%, to $85.54 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down ...

Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, ...

Brent crude futures gained 25 cents, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their highest since Feb. 21 last year.

World oil prices slid further on Wednesday as the dollar rallied on the back of renewed fears over the eurozone debt crisis and tensions on...