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.
OPEC+ on Thursday issued a new schedule for seven member nations including Russia, Kazakhstan and Iraq to make further oil output cuts to compensate for pumping above agreed levels.
U.S. Energy Secretary Chris Wright discusses President Trump's meeting with top U.S. oil executives and the Trump administration's plans to boost domestic energy production.
The crude oil market continues to see a lot of back and forth trading, as we are definitely in a range. At this point, the market is trying to affirm the idea of a massive support level just below where we are at the moment.
Energy Secretary Chris Wright told CNBC that oil prices have fallen as the market discounts President Donald Trump's push to increase production. But Trump's tariffs and a decision by OPEC+ to increase production starting in April is weighing on crude oil futures.
American Petroleum Institute President and CEO Mike Sommers goes inside President Donald Trump's meeting with top oil executives, the need for U.S. energy dominance and the AI race with China. #FOXBusiness
Oil futures were showing minor gains early Thursday, struggling to establish direction after getting a lift the previous session from data showing a fall in fuel inventories.
Oil prices edge higher but stay near $66.75 support. Strong U.S. demand and a weaker dollar provide support, while OPEC+ output and China's imports add risks.
Oil gains momentum as distillate stocks fall 2.8M barrels, exceeding expectations. Will demand strength and Fed policy push prices even higher?
Oil prices rose in early trading on Thursday on a decline in U.S. fuel inventories and a ratchetting up of tensions in the Middle East.
WTI crude oil continues to trend lower, while natural gas rebounds from support and remains bullish.
Oil edged lower in the early morning Asian session amid an uncertain outlook for a Russia-Ukraine peace deal.