The Latest Breaking News from Oil

US company denies decision is linked to UK’s 35% windfall tax on North Sea producers

June WTI crude oil (CLM24 ) on Thursday closed up +0.60 (+0.76%), and June RBOB gasoline (RBM24 ) closed up +4.10 (+1.64%). Crude oil and gasoline settled moderately higher on Thursday. Crude has carryover support from Wednesday's weekly EIA report, which showed declines in crude and gasoline supplies. Also, Thursday's...

A wildfire that has forced thousands of people out of their homes in Canada’s oil sands hub city of Fort McMurray, Alberta is being held in place as rain and cooler temperatures sweep through the area

Letters: Charging children rent | Keffiyehs and kippahs | A well-oiled cyclist | Sex (and other) education | 100-year mortgages

June WTI crude oil (CLM24 ) this morning is up +0.43 (+0.55%), and June RBOB gasoline (RBM24 ) is up +3.00 (+1.20%). Crude oil and gasoline prices this morning are moderately higher. Crude has support from today's rally in the S&P 500 to a new record high, which shows optimism...

Marathon Oil has underperformed the broader market this year, but Wall Street analysts are optimistic about the stock’s recovery potential.

Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental Petroleum

A group of determined teenagers has taken the government to court for not doing more to protect their community from the noxious byproduct of oil extraction in the northern Amazon

The collision's impact sent pieces of the bridge, which connects Galveston to Pelican Island, tumbling on top of the barge and shut down a stretch of waterway so crews could clean up the spill.

Cross party MPs wrote to Rishi Sunak to end the current approach to North Sea oil and gas

Learn about the factors driving the recent surge in oil prices, from global demand to geopolitical tensions.