Oil prices have risen significantly due to a breakthrough in US-China trade negotiations, including tariff reductions, which ...

The West Texas Intermediate for June delivery went up 93 cents, or 1.52 percent, to settle at 61.95 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery increased 1 ...

Oil prices rocketed more than three per cent Monday after China and the United States agreed to suspend sweeping mutual ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

KUWAIT, May 8 (KUNA) -- Kuwait crude oil rose USD 1.97 during Wednesday's trading to reach USD 64.05 per barrel compared with ...

Oil prices were surging on Monday after the U.S. and China brokered a deal to pause most tariffs on each other's goods for ...

Oil futures jumped early Monday, boosted after the U.S. and China agreed to sharply cut tariffs on each other. The boost for crude accompanies a rally in other assets perceived as risky, with stocks ...

The prices of the Brent crude and West Texas Intermediate were down each by USD 1.06 and USD 1.16 to settle both at USD 60.23 ...

CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been ...

A steep drop in oil prices in the first months of the year has undermined any plans for oil companies to “drill, baby, drill.