oil prices
Gas prices may drop below $3 mark for first time in 4 years
A recent analysis conducted by AAA shows that gas prices could fall under $3 for the first time since May 2021.
OPEC+ plans another oil output hike in November: sources
Oil prices have fallen from over $80 per barrel at the start of the year but have mostly traded in a narrow range of $60-$70 per barrel since OPEC began...
ConocoPhillips says it will slash as much as 25% of workforce -- sending oil giant's shares tumbling
A fall in oil prices has put ConocoPhillips and its rivals under pressure this year, forcing them to cut staff, curb capital spending and reduce drilling.
Oil giant warns lower gas prices could cut profit by over $1B
Benchmark Brent crude prices averaged $66.71 per barrel during the April to June quarter, an 11% decline from the previous quarter.
US-Iran tensions slow tanker traffic through Strait of Hormuz, trade group says
The world’s largest shipping trade group, Bimco, says several operators have begun halting transits through the narrow waterway.
US stocks shrug off Iran strike as oil rises, crypto surges
The Dow Jones Industrial Average rose 308 points (0.73%) to 42,515, while the S&P 500 gained 44 points (0.75%) to reach 6,012 as of 2:20 p.m. EDT.
Dow surges over 300 points, oil falls 1% as Iran reportedly seeks talks to end Israel war
Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war.
Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions
Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and...
Dow plummets 769 points, oil prices spike 7% after Iran retaliates against Israel
VIX, Wall Street’s so-called fear gauge, surged 16.93% to 21.07 -- its highest level in months -- as investors reacted to the intensifying conflict.
Oil slumps to $60 a gallon -- lowest price since 2021 -- as recession fears mount
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC's recent surprise supply hike could cause a surplus.
Albany's new fossil fuels 'super-fund' could hit consumers hard
The new fund penalizes oil companies and customers.
Gavin Newsom signs bill against surging gas prices: Big Oil has 'been screwing you for decades'
California Gov. Gavin Newsom on Monday signed a bill into law aimed at curbing surging gas prices soon after state lawmakers endorsed the legislation in a final vote.
Biden 'discussing' Israel blowing up Iran's oil — causing global spike in crude prices
"We don’t ‘allow’ Israel. We advise Israel," Biden said. "And there is nothing going to happen today.”
Trump has a real plan to cut energy costs — Kamala Harris has . . . vibes
On Thursday, former President Donald Trump laid out an encouraging plan to unleash America's energy might and lower costs, while Kamala Harris talked about . . . price-gouging.
Trump vows to cut energy costs in half — and he has a real plan to do it
Former President Donald Trump laid out broad plans to bolster the nation's energy supplies by rolling back Kamala Harris-Joe Biden rules, boosting power plants, tapping reserves and spurring nuclear power.
US inflation hits 2.9% in July, paving way for Fed to finally start cutting rates
Measured from a year earlier, inflation was forecast to have remained 3%, the same as in June.
Biden's energy idiocy lost US $150B of oil and gas — bringing pain at the pump
The summer's heavy driving months are here, so President Biden is once again blaming high gas prices on anyone but himself.
Stuck with a record of failure, Biden has resorted to outright vote-buying
Unable to run on his stunning record of failure, President Biden has resorted to the lowest of campaign tricks: buying votes — and he’s doing it with your dollars.
Drops in commodity prices worldwide have 'hit a wall' -- that's bad news for inflation: World Bank
The days of energy and other commodities serving as a deflationary force could be nearing an end, the World Bank warned.
Oil briefly jumps 3% after Israel launches drones, missile strikes at Iran
Oil prices fluctuated on Friday, briefly spiking as much as 3% after Israel hit back at Iran in a retaliatory strike, further heightening tensions in the Middle East.