Oil prices rise as US sends armada to Iran, slaps new sanctions

By Shariq Khan and Shadia Nasralla NEW YORK/LONDON, Jan 23 (Reuters) - Oil prices rose on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through fresh sanctions on vessels that transport its oil,

Venezuelan oil is coming to the U.S. What will it mean for gas prices?

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

U.S. oil prices top $60 a barrel as slight rise in IMF’s global growth outlook boosts demand prospects

Oil prices climbed Tuesday, with U.S. benchmark prices settling back above $60 a barrel for the first time in nearly a week, with traders likely “giving much more credence” to the International Moneta

WTI oil prices fall as risks from Kazakh production halt subside

TOKYO, Jan 21 (Reuters) - West Texas Intermediate crude oil prices fell on Wednesday as pressure from geopolitical tensions and an expected build up in U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan.

Fears are brewing over an oil-price shock that could rattle markets and the economy

An abrupt surge in oil prices could cause inflation to rise and spark volatility in markets. Brent on Tuesday jumped to the highest level since November.
E&E News

More Venezuelan oil could drive prices down, Wright says

The Energy secretary said he was “cheering lower oil prices,” even as the Trump administration struggles to persuade U.S. oil companies to invest in

US allows China to purchase Venezuelan oil but not at 'undercut' prices of Maduro days, official says

By Timothy Gardner WASHINGTON, Jan 22 (Reuters) - The Trump administration is allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices at which Caracas sold the crude before the U.