Oil prices have fallen against a backdrop of a “looming surplus, even as the U.S. appears headed for a soft landing,” said Michael Lynch, president of Strategic Energy & Economic Research. He pointed ...

Oil futures finished higher for a third consecutive session on Thursday, but prices remained lower for the week on the back ...

The U.S. Energy Information Administration lowered its Brent spot average price forecast for next year in its latest short ...

The October consumer price index shows that low oil and gasoline prices due to geopolitical pressures have kept inflation in ...

Two local oil purchasers have increased the price they will pay for Penn grade crude oil. Effective Thursday, American Refining Group and Ergon Oil Purchasing increased their price by $0.27 to $64.70.