Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

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The price of oil has hit a six-week high amid fears over the escalating conflict in the Middle East. The market value of the benchmark Brent crude increased to almost $80 (£61) a barrel on Monday ...

NEW YORK, Oct 4 (Reuters) - Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were ...

United States President Joe Biden has “trigged a powerful surge” in global oil prices, says Sky News Business Reporter Edward Boyd. This comes after President Biden suggested Iran’s ...

Oil prices surged overnight following comments from President Joe Biden suggesting US officials are considering whether to support a possible Israeli strike on Iranian oil facilities.

A delicate crescent Moon joins blazing Venus in the evening sky early this month. A few days earlier, the Moon could share the sky with Comet Tsuchinshan-ATLAS — if the latter is visible.

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows. Brent crude futures settled up $ ...

Oil prices could roar past $200 a barrel if escalating tensions in the Middle East decimate Iran's crude output, a chief commodities analyst told CNBC. SEB's Bjarne Schieldrop noted that that Iran ...

The Middle East is in chaos, and the oil market is remarkably calm about it. Oil prices have climbed, but not dramatically so, even as the world braces for an all-out war in the most critical ...

Libya resumed oil production on Thursday, returning hundreds of thousands of barrels a day to global markets after a political standoff in the OPEC member eased. The nation’s eastern government ...