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

The crude oil market continues to see a lot of support at this point in time, as the market has been trying to recover for ...

Ongoing Middle East geopolitical tensions, prospects of further Fed rate cuts this year could support the WTI price.

WTI futures traded around $70.30 per barrel, as of 9 a.m. ET. That’s an increase of 0.90% in the last 24 hours.

The West Texas Intermediate for October delivery lost 3 cents, or 0.04 percent, to settle at 71.92 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery ...

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

Texas’s statewide gas price average is $2.78 per gallon for regular unleaded fuel. AAA Texas said the national average price ...

The buying interest remains unabated through the first half of the European session and lifts the commodity to over a two-week high, closer to the $71.00 mark. The Federal Reserve's (Fed) decision to ...

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil ...

Oil prices rose on Friday due to output disruptions in the U.S. Gulf of Mexico caused by Hurricane Francine. Brent crude ...

The crude oil markets are in the midst of trying to find enough support, as the market will continue to see these low levels ...

Integrated energy major Chevron (NYSE: CVX) as well as exploration and production companies Chord Energy (NASDAQ: CHRD) and ...