Oil prices were little changed in early trading on Tuesday as global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks offset increased instability in the Middle East that could impact supply.
Oil edged lower on prospects that progress on Russia-Ukraine peace talks could lead to increased supply.
Oil rises as Trump says Iran will be held responsible for any future Houthi attacks
Chairman and CEO of United Refining Company and Red Apple Group, John Catsimatidis, talks reciprocal tariffs, producing efficient energy domestically and New York City's upcoming mayoral election. #FOXBusiness
The crude oil markets that I follow both look like they are trying to build a bit of a base, as we are bouncing around a major level of support going back three years. Because of this, volatility should continue to be a major issue in this sector.
Oil futures were modestly higher Monday, finding support after the U.S. over the weekend launched U.S. strikes on Houthi rebels in Yemen.
Oil prices rise as US strikes Houthis, fueling geopolitical risks. China's demand outlook strengthens, but traders remain cautious on global supply.
China's demand surge and geopolitical risks could fuel price hikes. Will energy markets break higher, or is a pullback coming?
Oil rose amid dimming optimism over Russia-Ukraine peace talks.
Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects and expectations of higher OPEC+ supply, it said in a note dated on Sunday.
Brent crude futures opened the week higher, rising 0.6% in early Asian trade on Monday, after the United States vowed to keep attacking Yemen's Houthis until they end attacks on shipping.
Interior Secretary Doug Burgum and Energy Secretary Chris Wright made clear this week they want to make it as easy as possible to drill on federal land and waters. Burgum said he views companies developing resources on federal lands as "customers" who are contributing to the national "balance sheet.