Will oil prices go up? It’s impossible to forecast oil prices with detailed precision. Many different elements affect the market, but ultimately it boils down to supply and demand. When worries about economic recession,

By Alex Lawler LONDON, April 24 (Reuters) - Oil turned negative on Friday after a Pakistani government source said Iranian Foreign Minister Abbas Araqchi was expected to arrive in Islamabad on Friday night with a small team and peace talks with the U.

The Treasury Department on Friday announced new sanctions on a Chinese oil refinery and dozens of shipping firms and vessels, including those with ties to Hong Kong, in a bid to disrupt Iran’s oil exports.

Shares of Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are sliding again midday Friday, extending a month-long cooldown for the two energy heavyweights. XOM stock is trading at $147, down 2% on the session,

Included in Friday's sanctions is Hengli Petrochemical’s facility in the port city of Dalian, which has a processing capacity of roughly 400,000 barrels of crude oil per day, making it one of the biggest independent refineries in China.

The market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of products made from oil – literally everywhere. Federal data shows that the price at the primary crude oil hub in the U.

By Georgina McCartney HOUSTON, April 22 (Reuters) - Oil prices settled up by more than $3 on Wednesday after a surprise gasoline and distillate stock draw in the U.S., and on reports of gunfire attacks on at least three container ships in the Strait of Hormuz amid a lack of progress in peace talks between the U.

Oil futures added 3.1% Thursday to end at $95.85 a barrel, the latest in a four-day climb that has lifted benchmark U.S. crude prices $12. This week's gains have more than erased Friday's sharp decline,