With Brend crude sitting at $94.41 per barrel as of April 15, a move to $40 would represent a collapse of roughly 58%.

Oil prices jumped above $100 a barrel after U.S.-Iran talks collapsed and a U.S. blockade of traffic linked to Iranian ports in the Strait of Hormuz was announced.

Brent crude oil prices were on track for their biggest daily decline since the start of the COVID-19 pandemic in early 2020.

The financial markets are masterclasses in human psychology, geopolitical maneuvering, and technical precision. This morning's price action delivered a textbook example of all three colliding at once.

Producers in the prolific US shale patch of the Permian basin responded swiftly to Monday's oil price crash by announcing plans to slash capital expenditure and drilling activity. The cuts are set ...

The conflict in the Middle East is a new challenge to the global economy and financial markets. The events that saw larger price moves in percentage terms include the 1974 oil embargo shock, the ...

U.S. Central Command said Wednesday that nine ships have obeyed orders from American forces while attempting to break a ...

After years of dodging restrictions, Tehran’s sanctions-evading ships now appear unable to leave the Persian Gulf.