Goldman Sachs warns that the escalating conflict between Israel and Hezbollah could lead to a significant spike in oil prices if the Strait of Hormuz is closed.

Oil prices are expected to remain low due to weaker-than-expected demand and uncertainty surrounding OPEC+ production cuts.

The West Texas benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%.

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

Brent crude futures for November delivery, expiring on Monday, lost 10 cents to $71.88 a barrel as of 0933 GMT. The more ...

Gov. Gavin Newsom’s decision to veto wide-ranging set of rules for artificial intelligence companies underscores the ...

Oil rose after Israel’s killing of Hezbollah’s leader, Hassan Nasrallah, added to regional tensions, and investors priced in ...

U.S. crude exports to Europe reached around 2.2 million barrels per day in the 12 months to June 2024, reinforcing the global ...

Oil prices held steady on Monday, but remained on course for a third consecutive monthly decline. A strong supply outlook and ...

This is exactly what the Sleeping Warrior company have done, however, transforming the Brent Spar story into a rousing radio friendly pop drama that chimes with the times while remaining easy on the ...

Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over ...

Brent crude futures for November delivery increased 51 cents, or 0.71%, to $72.49 a barrel as of 0330 GMT. That contract expires on Monday, and the more-active contract for December delivery gained 50 ...