Oil hits $117, highest since April, as Houthi attacks on Saudi Arabia and Iran tensions raise supply fears
Brent and WTI crude rallied to five-month highs as escalating attacks on Saudi Arabia and signs of a possible U.S.-Iran confrontation stoked fears of Middle Eas
Rigzone · +14 outlets
Trump invokes Defense Production Act to boost U.S. refining, gas and diesel output
The administration is using Cold War-era emergency authority to direct $150 million toward refiners as gasoline and diesel prices surge ahead of the midterms.
CBS News · +14 outlets
U.S. authorizes emergency release of up to 400,000 barrels from Strategic Petroleum Reserve
The emergency drawdown, the reserve's lowest level since 1982, is aimed at keeping crude flowing to a Louisiana refinery amid supply disruptions.
Oilprice · +14 outlets
Wall Street slides as oil price spike and AI spending worries compound
Rising crude prices and renewed concerns about AI capital spending pulled major indexes lower, with the Dow down more than 600 points.
Economies.com · +15 outlets
European natural gas prices surge to highest level since 2022 as supply risks mount
The IEA warned the EU is entering winter with the lowest gas reserves on record even as the UK ruled out shortages and approved a controversial gas field.
Crude Oil Prices Today · +14 outlets
U.S. diesel tops $6.30 a gallon as first Russian cargo sets sail for New York
A six-month U.S. waiver allowing Russian diesel onto global markets is bringing the first Baltic cargo to New York to ease fuel prices.
Oilprice · +11 outlets
Trump claims Iran is doing 'everything they can' to drive up oil prices before midterms
The comments come as the U.S. and Israel prepare for possible escalation and analysts weigh whether global reserves could absorb a renewed conflict.
CBS News · +14 outlets
U.S. gas prices sit near $4.27 a gallon with October on pace for a record
AAA data show national average prices easing slightly week over week while remaining historically high, with experts warning relief may not arrive before the mi
El Paso Times · +15 outlets
CFTC scrutinizes 6-million-barrel oil futures sale made moments before Trump softened Iran stance
Regulators are examining whether traders had advance knowledge before the administration backed off threats to strike Iranian power plants.
Oilprice · +1 outlets
Energy stocks rally as WTI tops $103 and XLE hits a record
Producers including Devon, Diamondback and Occidental gained as crude's climb lifted the sector broadly and SLB rose on upbeat earnings.
AOL.com · +8 outlets
U.K. approves controversial gas field as soaring energy prices intensify pressure
Rising energy costs pushed London to greenlight a long-debated gas development despite environmental objections.
WSJ · +8 outlets
Turkey says U.S. could strike Iran, sending oil up 4%
The U.S. ambassador to Turkey's remarks added to supply concerns already building on Middle East tensions.
FXEmpire · +14 outlets
Gold heads for steep weekly loss as oil rally fuels Fed rate hike bets
Bullion fell below $4,000 as rising crude prices stoked inflation expectations and lifted rate expectations.
CNBC · +12 outlets
China calls on oil and gas firms to boost output and build strategic supply bases
Beijing is pushing domestic production higher as rising crude imports reduce the need to draw on its strategic stocks.
Reuters · +14 outlets
Valero posts $6.8B quarterly profit as high fuel prices lift refining returns
The results underscore how elevated gasoline and diesel prices are translating into strong margins for refiners.
San Antonio Report · +1 outlets
Cruise and airline stocks slide as oil price hits five-month high
Norwegian, Royal Caribbean, Carnival, American, Delta and United all fell as higher fuel costs weighed on travel names.
Yahoo Finance · +5 outlets
U.S. rig count holds at 603 as oil drilling rises and gas activity slips
Baker Hughes data show the total count flat for a second week even as crude prices climb.
Oilprice
LNG Canada doubles capacity as Asian buyers look beyond the Persian Gulf
The expansion positions Canadian liquefied natural gas as an alternative supplier amid Middle East supply risk.
Crude Oil Prices Today