Oil prices gained 2% on Wednesday after a significant drawdown in U.S. crude inventories was reported by the U.S. Energy Information Administration. The report on stockpiles came a day after Prince ...

In a surprising turn of events, Brent crude oil prices are poised to achieve their first monthly gain this year. This positive development comes as a result of a significant drawdown in oil stocks and ...

Perhaps no national security strategy reinforces the ability of the US to defend itself and maintain reasonably normal economic activity during a disruption in oil supply more than the Strategic ...

NEW YORK, Dec 22 (Reuters) - Oil prices rose on Wednesday after a larger-than-expected drawdown in U.S. inventories, shaking off worries about the likely hit to economic activity from the spread of ...

Real-Time Monetary Inflation (Last 12 Months): 1.5%. It was a week of drawdowns in the domestic petroleum market. The off-take had pretty much been built in to prices, as crude and product futures ...

U.S. oil prices finished higher after a weekly report from the Energy Information Administration ("EIA") showed another big stockpile draw. The seventh straight fall in domestic oil stocks was ...

WASHINGTON, DC - NOVEMBER 23: U.S. President Joe Biden speaks on the economy during an event at the South Court Auditorium at Eisenhower Executive Office Building on November 23, 2021 in Washington, ...

Oil prices rose on Wednesday after industry data showed U.S. crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in ...

Oil rallied after US stockpiles declined for the first time in seven weeks and a Ukrainian drone struck one of Russia’s biggest refineries. West Texas Intermediate rose 2.8% to settle near $80 a ...

Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S. inventories as refining activity hit a 12-year high. U.S. oil stocks ...

Lawmakers in the House will vote Friday on a bill that would increase U.S. oil and gas production to compensate for the Biden administration's drawdown of the Strategic Petroleum Reserve (SPR). The ...