Oil prices surge 13%
Israel’s attack on Iran has introduced significant volatility into the oil market.
Oil Prices
Oil prices fall below $70 for 1st time since July
U.S. crude oil prices tumbled below $70 a barrel for the first time since July.
Oil prices fall to lowest level
Good news for anyone driving this holiday season.
Good news for anyone driving this holiday season.
Oil hits lowest price in a year
Oil prices in the U.S. have hit a low not seen in nearly a year.
Oil prices in the U.S. have hit a low not seen in nearly a year.
President Biden meets with heads of top oil companies at the White House
A day after proposing a federal gas tax holiday, President Joe Biden summoned the heads of seven top oil companies to the White House to tackle sky high oil prices. It comes after a week of tense back-and-forth with industry leaders.
Lawmakers press oil company heads on prices at the pump
The heads of some of the largest oil companies are on Capitol Hill today, getting grilled about rising gas prices. Lawmakers are trying to find answers as to why Americans are paying so much at the gas pump and why prices haven’t fallen much despite the government releasing one million barrels a day from the strategic petroleum reserve.
President Biden: “Oil prices are decreasing, gas prices should too”
Biden tweeted “Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans.”
US banning Russian oil imports as Biden warns of ‘costs
By Zeke Miller, Mike Balsamo and Josh Boak
President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
Senator Graham calls for increased American oil and gas production amid Russian conflict
Senator Graham said the entire economy of Russia depends on the oil and gas sector, and the U.S. should shut it off.
Oil futures reaches rate not seen since 2014, sending gas prices further up
Oil futures are now more than $100 per barrel, a price not seen since 2014.
