The United Arab Emirates' plan to ditch the oil producers' group Opec and strike out alone is being viewed as a huge blow for the organisation, with one analyst describing it as "the beginning of the ...

As of 8:45 a.m. Eastern Time on May 4, 2026, oil sold for $115.01 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s $3.81 higher than yesterday morning and ...

This article examines the potential for Brent crude oil price forecasts to target prices below $70 as long positions get liquidated.

The recent rally in oil prices may feel unique, but one technical measure says it’s only been 36 years since the last time they’ve rallied so far so fast. When you see a move on the charts that ...

Exxon Mobil was upgraded to Buy as oil inventories and SPR hit multi-decade lows. Click for more on XOM stock.

Forbes contributors publish independent expert analyses and insights. Mike Patton covers the financial markets, economy, and national debt. This voice experience is generated by AI. Learn more. This ...

China is the world’s largest purchaser of oil. But three months after the war with Iran began, it cut its imports, cushioning the global market. By Lisa Friedman and Alexandra Stevenson Lisa Friedman ...

After the war in the Middle East began, futures markets hinted at how long oil prices could stay above their pre-war levels. Options on those futures further reveal how investors see the range and ...

U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.

As of 9 a.m. Eastern Time on May 12, 2026, oil is trading at $110.43 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $2.76 above yesterday morning’s level and about $45 higher ...