Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

US shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

West Texas Intermediate (WTI) Oil price extends its losses for the second successive day, trading around $66.30 during the ...

Aegis Hedging, which handles hedging for roughly 25-30% of U.S. output, according to internal estimates, saw a record volume ...

HOUSTON (Reuters) -Brent and U.S. West Texas Intermediate crude prices fell on Friday, reversing gains after a report that OPEC was planning to hike production in August following an increase planned ...

Oil futures surged to a five-month high Monday morning after the U.S. struck Iranian nuclear facilities over the weekend but ...

The market’s biggest concern is that Iran could disrupt flows through the Strait of Hormuz—a vital artery for about a quarter ...

"Russia could emerge as a beneficiary if Iran were to close the Strait of Hormuz," said Nikos Tzabouras, analyst at Tradu.

A relief rally is underway on Wall Street with stocks surging, as oil falls below the $65 per barrel level and gold prices retreat amid a de-escalation between Iran-Israel. Still, President Trump ...