The post follows an Israel-Iran ceasefire announcement that has taken geopolitical risk premium out of the price of oil. WTI is off 4.8% at $65.22 a barrel, and Brent falls 4.7% to $68.10 a barrel ...

The U.S. Energy Information Administration (EIA) has slashed its Brent crude oil price forecast. In its August Short-Term Energy Outlook, it expects global oil prices to fall from $71 per barrel in ...

Oil prices have tumbled to levels last seen before Israel started bombing Iran on June 13, as investors now believe the risk is low that a major supply disruption will occur in the Middle East.

Oil futures fell sharply on Tuesday as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East. Stream NBC 5 for ...

Iranian crude builds up offshore as over 30 million barrels float near Malaysia, the highest in more than five years.

Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes against Iran without U.S. support.

Oil prices are dropping further, and U.S. stocks are pulling closer to their all-time high on hopes that Israel’s war with Iran will not damage the global flow of crude ...

Iran sits on the strait, which handles about 20% of shipments of the world’s oil and liquefied natural gas, or LNG. Four countries — China, India, Japan and South Korea — account for 75% of ...

U.S. stocks climbed near their all-time high after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude The S&P 500 rallied 1.1% Tuesday and got ...

Currently, China appears to be the only nation willing to supply Iran with advanced weaponry. However, Beijing is proceeding ...

Oil futures extend yesterday's losses as the Israel-Iran cease-fire takes another chunk of risk premium out of the market and fundamentals come back into focus. "We don't see any permanent change ...