Some argue that financial speculation plays a role larger than supply ... with oil producers, buildup of strategic reserves, domestic price controls, and efforts to reduce domestic oil use.

How Does Oil Affect Overall Economic Supply and Demand? The world relies on oil not only for fuel but for use in making plastics, chemicals, clothing, and much more. Moreover, its price gyrations ...

Wall Street Banks See Oil in the Low $70s. Rising supply and potentially weaker-than-expected demand are set to keep oil prices in check this year, with the price likely to average in the low $70s ...

deepening the losses seen last week as concerns over global trade tensions and a growing oil supply weighed on market sentiment. U.S. West Texas Intermediate (WTI) crude fell $1.29, or 2.08% ...

The main Texas power grid is poised to experience rapid changes in the next five to six years as a flood of artificial ...

Another is a forecast from the International Energy Agency that expects oil supply growth this year to be weaker than previously predicted. The IEA said in its latest monthly oil report that ...

NEW YORK (Reuters) - Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world’s economy.

Global oil prices rose on Trump's indirect tariffs as they raise supply concerns. US President Donald Trump has announced an unexpected tariff that would hit China. On Monday, Trump introduced ...