(read more) The commodity of crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development.

The Monday session has been ugly for the oil market, but at this point in time, the market is trying to turn things around and show signs of support. Regardless, this is still a market that is probably going to see sellers on each rally.

Oil prices slid Friday to their lowest levels in nearly four years. A plan to increase supply by the Organization of the Petroleum Exporting Countries and its allies added to fears that tariffs will plunge the global economy into recession.

Major oil producers announced a bigger-than-expected output boost for May, even as Trump’s tariffs tank crude prices.

WTI crude oil has hit the resistance at $72.50, while natural gas remains bullish within its upward price structure.

But it is spooking energy companies, particularly those in the United States, which has become the world’s largest oil producer. If prices remain low or fall further, the industry, a major ...

The plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from Opec+ has altered the global energy ...

Oil prices fell to negative territory after ... "Liberation Day," bringing new duties that could rattle the global trade system. A chart listing countries and tariffs that Trump showed during ...