US oil prices surged Tuesday following plans by the Biden administration to release oil from the country’s emergency stockpile in an effort to combat the high gas prices that consumers

Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in

Former BP Chairman Bob Dudley said six years ago that oil prices would be lower for longer. But that was six years ago. Today, analysts are predicting higher for longer,

Oil prices are rising again, and Brent crude isn’t far off yesterday’s three-year high of $86.50 a barrel, at $86.13. US light crude is trading 0.4% higher at $84.08. BlackRock

Oil futures climbed on Tuesday to finish at fresh multiyear highs, on reports that Russia’s offer to boost natural-gas supplies to Europe may come with a catch. West Texas Intermediate

Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research. Damien Courvalin, who

Oil prices rose on Monday, with supply restrictions from major manufacturers and rising demand for fuel, extending profits for weeks as economies try to recover from the corona virus outbreak.