Wall Street is bracing for a sharp decline in U.S. oil refiners' fourth-quarter profits as fuel demand softened, while seeking clarity on the sector's preparations for President Donald Trump's ...

West Texas Intermediate (WTI) Oil price retreats after reaching six-month highs, gaining more than 3%, in the previous ...

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 ...

Discounts for Canadian crude exported via the Trans Mountain pipeline and delivered to China in April have narrowed $1-$2 a ...

The U.S. Energy Information Administration reported Wednesday that commercial crude inventories climbed for the first time in 10 weeks. Domestic commercial crude supplies rose 3.5 million barrels for ...

Brent futures rose by 41 cents to hit USD 77.49 pb and West Texas Intermediate (WTA) went up by 60 cents to USD 73.77 pb. (e ...

The oil market continues to see support overall as the oil markets are factoring in the idea of central bank easing, and of course the potential for further demand coming from that action.

Drivers in Texas saw an increase in gas prices this week with an average of $2.74/gallon for regular unleaded fuel on ...

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

The crude oil market was somewhat noisy in the early hours of the Wednesday session. At this point in time, traders are ...

As reported by the AAA Texas Weekend Gas Watch, the average gas price across Texas was $2.69 per gallon for regular unleaded ...

Quantitative strategists at BNP Paribas say they're shorting oil, targeting $71.59 per barrel for West Texas Intermediate. They note that positioning by trend funds is "extremely bullish" at the ...