Oil prices dropped despite massive U.S. supply disruptions and renewed Middle East tensions, as weak demand kept crude under pressure while natural gas surged on winter-driven demand.
Oil futures settled lower in a rangebound session, supported in part by the loss of some U.S. production to winter storm Fern and gains in diesel prices as heating fuel demand rose.
Oil prices were steady as output disruptions in ‍major U.S. crude-producing ‍regions and tensions between the U.S. and Iran boosted prices.
"Unusually cold U.S. winter weather with higher heating oil demand and likely U.S. oil supply outages was probably part of ...
The decline was largely driven by a web of middlemen and buyers who know Tehran has limited options for unloading its sanctioned crude. | World News ...
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The International Energy Agency has raised its 2026 global oil demand growth forecast to 930,000 barrels per day, citing ...
Firms’ sentiment remains subdued, according to results from the Business Outlook Survey and the Business Leaders’ Pulse.
According to the U.S. Energy Information Administration's latest short term energy outlook, the West Texas Intermediate spot ...
WTI trades near $59 after a more than 4% drop erased most of this week’s gains. Crude remains below all major moving averages ...
WTI Crude Oil, currently trading near $59.15 as of January 15, 2026, is under pressure following a sharp reversal and failure ...