The dollar-denominated crude market also faces pressure from rising US inflation, reinforcing expectations that the Federal ...

West Texas Intermediate (WTI) Oil price advances on Tuesday, according to FXStreet data. WTI trades at $72.92 per barrel, up ...

The rig count in the Permian Basin was up one this week, the latest count Friday by Baker Hughes shows, with 304 rigs active in the region. A year ago, 312 rigs were active in the region. Nationally, ...

Gasoline futures were also struggling to close out the week in the black. The Nymex March RBOB contract was off by 2.21cts to $2.0886/gal, leaving it down by nearly 2cts week to week and more than ...

The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh. Other reference oil types include ...

Petroleum futures regained their footing Thursday, a day after crude prices lost nearly $2 and refined product contracts shed 2%-3% on potential Ukraine peace talks and after Fed Chair Jerome Powell ...

The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows ...

Hedge funds increased bearish bets against oil by the most in three months on the prospect that dueling tariffs between the US and China would reduce energy demand.

It bottomed out in August of 2020 at 244. The regional benchmark Plains-West Texas Intermediate Posting ended Friday at $71.14 per barrel, down $3.22 from last Friday’s close. National benchmark ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

The West Texas Intermediate for March delivery decreased 1.95 U.S. dollars, or 2.66 percent, to settle at 71.37 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery ...