U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil producing group cut its 2024 outlook, citing weakness in Chinese demand.

Oil prices surpassed $100 a barrel last week. NPR's Ayesha Rascoe speaks to Bob McNally, founder of the research firm Rapidan Energy Group, about how the Iran war is disrupting oil supplies.

The U.S. launched a "heavy wave" of strikes against Iran in retaliation for its missile attacks on American forces in the region.

Stocks are off to a mixed start on Wall Street as more company earnings reports roll in. The S&P 500 was essentially flat early Thursday.

Brazil's state-run oil firm Petrobras reported a rise of 96% in second-quarter net ​profit to 52.4 billion reais, the third highest in its history, as ‌surging oil prices due to the U.S.-Iran conflict boosted results.

The oil and gas producer posted adjusted earnings of $3.24 per share, topping analyst estimates, as average realized prices jumped 36%

President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.

At first glance, declining oil and gold prices could suggest a cooling economy and easing inflation concerns. That’s because both these commodities react to economic uncertainty. But there are more forces at play right now, and the prices of oil and gold ...

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.