crude

US crude tops $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran

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Oil rose more than 10% and U.S. futures tumbled Thursday after President Donald Trump said in his first national address since the Iran war began that the United States will escalate its campaign in the coming weeks. Futures for the S&P 500 tumbled 1.5% before the opening bell, while futures for the Dow Jones Industrial … Read more

Stocks end mixed as crude oil prices rise and stay over $100 a barrel

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Stocks end mixed as crude oil prices rise and stay over $100 a barrel – CBS News Watch CBS News Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss. Source … Read more

Brent crude touches $115 a barrel, while U.S. stocks recover some losses

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Brent crude touched $115 a barrel on Monday amid new threats from President Trump that the U.S. could destroy Iranian infrastructure, including power plants and oil wells, if the Strait of Hormuz isn’t reopened. Brent crude, the international benchmark, rose to $115 a barrel on Monday before retreating to $107.95, according to data from Oilprice.com … Read more

U.S. oil producers could get $63 billion boost from high crude prices, analysis shows

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Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Rystad Energy, a market research firm, estimates that shale oil producers in the U.S. could earn an additional $63 billion in sales as prices soar past $100 a barrel.  If oil prices averaged $70 a barrel — their approximate level before … Read more

Gas prices edge higher with Brent crude remaining above $100 per barrel

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Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war.  The average price for a gallon of gas rose to $3.72 on Monday, up from $3.70 on Sunday and representing an increase … Read more