Low diesel stockpiles worldwide are countering the downward pressure on crude oil prices from rising OPEC+ supply and setting ...

Oil producers need a price of $65 a barrel on average to profitably drill, according to the first quarter 2025 Dallas Federal Reserve Survey. U.S. crude futures closed below $65 every day from ...

WTI settles down 2% at $57.13 a barrel, above the day’s low of $55.30, and Brent falls 1.7% to $60.23. ([email protected]) Oil Sinks on Supply Glut Worries ...

Oil headed for its longest losing run since 2021, as traders judged that US efforts to end the war in Ukraine would not impact overall supplies, even as Washington penalized India for taking Moscow’s ...

WTI settles up 2.8% at $68.45 a barrel, up 2.2% on the week, and Brent rises 2.5% to $70.36 for a 3% weekly increase. ([email protected]) Crude Futures Add to Early Gains ...

Brent oil was priced at around $75 before Trump's decision. Today, prices have fallen to $64 per barrel. Photo: Russian oil fell to $50 (Getty Images)© RBC-Ukraine ...

Domestic oil producers have already faced thin margins recently. They need prices above $60 per barrel to profitably drill a new well, per energy economist Mark Finley with Rice University.