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Bullishness on a trade deal between the US and China, and supply cuts resulting from US sanctions on Iran and Venezuela have sent prices higher.
A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a "challenge" for global oil markets.
Norway’s $1 trillion sovereign wealth fund is dumping billions’ worth of stock in oil and gas companies
Norway's sovereign wealth fund, the world's biggest, will divest about $7.5 billion from oil and gas explorers and producers to cut its oil price risk.
Oil is set for its longest winning streak in 30 years as traders bask in improved US-China sentiment
Stock market wobbles have grabbed all the attention, but oil has had a stunning rally into the new year, helped by signs the trade war is thawing.
‘US crude continues to be an unstoppable force’: Here’s a simple guide to navigating the oil market in 2019
The energy market is volatile by nature, but this year was marked by especially sharp price movements. Here's what is expected to happen in 2019.
Less than two weeks before US sanctions against Iran kick in, OPEC said the oil market could shift toward a surplus and signaled it would adjust production accordingly if that were the case.
Oil prices tumbled Wednesday to their lowest level since September after government data showed US inventories rose more than expected and as stocks paused an earlier rebound.
While Saudi Arabia isn't likely to follow through with what many saw as a veiled threat to pressure the energy market if the West imposes sanctions against Riyadh, analysts aren't ruling that scenario out.
Oil prices rallied to near four-year highs Wednesday, erasing earlier losses as markets weighed the largest rise in US crude inventories this year against looming oil sanctions against Iran.
"Without sounding like a broken record, Oil prices remain in the bulls' domain amid concern that US sanctions on Iranian crude oil exports will result in much tighter physical market conditions once they take effect in November," Stephen Innes, head of trading for Asia at OANDA said.