The U.S. Energy Department ​said it had awarded contracts to loan 45.2 ‌million barrels of crude oil from the Strategic ...

The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.

Far from helping, it stops the market from addressing price spikes.

NEW YORK (AP) — Oil prices have soared since the U.S. and Israel launched their war against Iran, and President Donald Trump ...

President Trump said he plans to tap into the Strategic Petroleum Reserve “very quickly” to combat rising oil prices, adding ...

With war in the Middle East raging, oil prices are soaring. To temper the costs, the United States government is turning to ...

By Kanishka Singh and Ryan Patrick Jones WASHINGTON, March 11 (Reuters) - The U.S. will release 172 million barrels of oil ...

President Trump ordered the release of 172 million barrels of oil from the Strategic Petroleum Reserve as rising tensions ...

Global crude oil prices hovered around $101 per barrel on Monday, which marked a staggering 44% increase since the Middle ...

Iran warns oil could hit $200 per barrel as U.S.-Israel strikes escalate, potentially triggering worst energy crisis since ...

CNBC's Eamon Javers joins 'Closing Bell Overtime' with latest breaking news from White House.