Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
Oil edged higher. Geopolitical tensions, sanction policies, and OPEC+ strategies should continue playing a key role in the oil market's evolution, said XS.
The fossil-fuel industry wants to avoid the financial penalties that tobacco companies faced and is asking for the president's protection against climate-related risks and new state laws.
Helima Croft, RBC, joins 'Fast Money' to talk oil prices.
Oil prices will likely slip this year, the director of North Dakota's state oil regulator predicted, amid uncertainty surrounding U.S. President Donald Trump's tariffs on neighboring Canada and Mexico.
The crude oil markets that I follow all look the same at the moment, as if they are going to go back and forth as we try to determine the support as holding, and if the overall demand for crude oil is going to increase.
Oil prices rise 2% on supply cuts and fresh sanctions. WTI and Brent forecast shows key resistance ahead amid growing geopolitical uncertainty.
Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply.
Oil rose in the early morning Asian session amid geopolitical tensions that boosted the risk of supply disruptions.
Oil prices climb above trendline resistance, signaling a possible reversal, with the next targets at $69.87 and $70.61 if momentum holds.
A North Dakota jury ordered the environmental group to pay pipeline company Energy Transfer nearly $700 million in damages in the yearslong pipeline lawsuit. Photo: Brendan Smialowski/AFP/Getty Images
The energy sector (^GSPE) has outperformed the broader market (^GSPC) year to date from optimism around US President Donald Trump's second term. University of Houston energy fellow Ed Hirs tells Brad Smith and Madison Mills that Trump's 'drill, baby, drill' rhetoric is not only unlikely to come to fruition but would also likely be harmful to the US oil industry if it did.