The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with ...

The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic ...

Oil consumers posted one of the largest hedging additions on record when prices briefly fell below $70 a barrel last week.

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

WTI futures traded around $70.30 per barrel, as of 9 a.m. ET. That’s an increase of 0.90% in the last 24 hours.

Wall Street financial services company UBS has cut its oil price forecasts for the period 2024-2026, citing weaker global ...

In a separate research note sent to Rigzone by the JPM Commodities Research team on September 12, analysts at J.P. Morgan ...

Crude futures rose on tensions in the Middle East and hopes of a Fed rate cut. The Biden administration will attempt to ...

Commercial crude oil stockpiles excluding the Strategic Petroleum Reserve fell by 1.6 million barrels to 417.5 million ...

WTI crude oil prices stayed at $71 per barrel on Wednesday, rebounding from earlier dips, according to data released by the ...

U.S. crude oil is down more than 13% this quarter, while Brent has fallen nearly 16% as demand slows in China.

The DOE said it has bought more than 50 million barrels so far at an average price of $76 a barrel. The SPR held 380.6 barrels of oil as of Sept. 13, according to the U.S. Energy Information ...