West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $64.29 per barrel, down from Monday’s close at $64.43. Brent Oil Exchange Rate (Brent crude) is ...

Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.

Aegis Hedging, which handles hedging for roughly 25-30% of U.S. output, according to internal estimates, saw a record volume ...

West Texas Intermediate (WTI) Oil price extends its losses for the second successive day, trading around $66.30 during the ...

US shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid ...

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

The West Texas Intermediate for August delivery dropped 41 cents, or 0.63 percent, to settle at 65.11 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery ...

The market’s biggest concern is that Iran could disrupt flows through the Strait of Hormuz—a vital artery for about a quarter ...

"Russia could emerge as a beneficiary if Iran were to close the Strait of Hormuz," said Nikos Tzabouras, analyst at Tradu.

As the Middle East conflict continues and energy stability remains uncertain in the Persian Gulf, energy security remains steady in the U.S., fueled by the Gulf ...

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

Crude oil prices slid more than seven percent Monday while Wall Street stocks advanced after markets shrugged off Iran's ...