A severe cold spell temporarily knocked up to 2 million barrels per day of U.S. oil production offline while sharply disrupting natural gas output and driving a spike in gas prices.

Read More »

Oil prices fall with US-Iran tensions, winter supply disruptions in focus

Brent oil futures for March fell 0.6% to $65.22 a barrel, while West Texas Intermediate crude futures fell 0.5% to $60.33 a barrel by 21:20 ET (02:20 GMT).

Read More »

Oil prices settle lower as traders assess impact of winter storm on production

Oil prices were steady as output disruptions in ‍major U.S. crude-producing ‍regions and tensions between the U.S. and Iran boosted prices.

Read More »

Oil prices rise nearly 3% as U.S. sends armada to Iran, slaps new sanctions

Oil prices rose on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through fresh sanctions on vessels that transport its oil, and announced that an armada was heading ...

Read More »

Oil slides 2% as Trump tones down threats toward Greenland and Iran

Oil prices slid about 2% to a one-week low on Thursday after U.S. President Donald Trump softened threats toward Greenland and Iran, and on some positive movement that could lead to a solution to end ...

Read More »