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Here's a look at the current situation and the outlook for oil and gas prices: Familiar tensions, different times Oil prices rose than $6 per barrel (5.47 euros) this week and prices at the pump ...
The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to $86 a barrel.
Oil- and gas-related equities were also the biggest winners in the S&P 500 last month. Energy has been the best-performing sector in the S&P 500 so far this year. (Source: Yahoo Finance)
Oil derivatives like gasoline and jet fuel have been on the rise, too. On Thursday, Delta was the latest airline to warn of lower profits due to higher maintenance cost and jet fuel prices.The ...
Oil resumed its downward trend on Tuesday, tanking more than 3% after oil alliance OPEC lowered its demand growth forecast in 2024 and 2025. On Tuesday, West Texas Intermediate slid roughly 4% to ...
An oil platform in Israel's offshore Leviathan gas field is seen while an Israeli navy vessel patrols the Mediterranean Sea, Israel, Friday, Sept. 20, 2024. (AP Photo/Ariel Schalit) (ASSOCIATED PRESS)
American drivers received an early holiday gift this past weekend, in the form of cheap gas at the pumps. And with crude oil prices and domestic demand low, there's every reason to believe the ...
Oil prices climbed more than 3% on Tuesday in the immediate aftermath of an Iranian missile attack on Israel. The national average price of a gallon of gas currently stands at $3.20, AAA data showed.