Oil futures fall sharply
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Venezuela, Oil Companies
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Crude oil inventories increased by 3.4 million barrels to 422.4 million barrels last week as imports rose, said the U.S. Energy Information Administration.
Uncertainty over military readiness and the stability of a post-regime Iran has led to a delay in any potential swift US military action, tempering geopolitical fears and causing commodity markets to tumble.
President Donald Trump announces Venezuela will move 30-50 million barrels of oil worth $2.8 billion to U.S. after former President Nicolás Maduro's capture by American forces.
WTI crude oil (CL1:COM) is ending 2025 near $57.9 a barrel on Wednesday, stuck in a sideways grind after another failed attempt to
Geopolitical risk premiums are rising, with protests in Iran, tanker attacks in the Black Sea, and sanction risks now overshadowing oversupply narratives and supporting higher prices.
The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country's oil flows,
Max Layton, Citi global head of commodities, joins 'The Exchange' to discuss recent oil prices, the impact to gasoline prices and much more.
Crude oil stockpiles, reserves of unrefined petroleum, help stabilize oil supply and demand. Explore their impact, how they're measured, and why they matter.
The launch of Indonesia's B50 biodiesel mandate will depend on the price gap between crude oil and crude palm oil, a senior official said on Tuesday. Indonesia, the world's largest producer of palm oil,
2don MSN
Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes
Venezuela oil exports reportedly resume as two supertankers carrying 1.8 million barrels each depart under Trump's new policy shift toward the country.