oil prices

Gas prices could rise even further after hitting an average national price of $5 a gallon for the first time. Here are 4 things to know

The International Energy Agency plans to release 120 million of barrels of oil from their emergency reserves, including 60 million from a previously announced U.S. drawdown.

President Biden met with Colombian President Iván Duque days after senior administration officials made a secret trip to meet with Venezuelan leader Nicolas Maduro, who has strong ties with Russia.

The U.S. is still the largest producer of oil, but we're a long way from pumping what we were before the pandemic. Blame backwardation.

Oil surged past triple-digit prices for the first time since 2014. The breach of the psychologically significant milestone is bound to reinforce fears about inflation.

The threat of war between Russia and Ukraine is driving prices sharply higher, but there's more at play than just geopolitical tensions.

Tensions in Eastern Europe are adding uncertainty at a time when markets have been preoccupied over how the world's central banks will act to counter surging inflation.

A sudden hike in fuel prices drew intense public condemnation over the weekend. Protesters have seized the airport in the largest city, Almaty, and stormed public buildings.

Stock markets around the world tumbled on concerns about the new variant. While it's too soon to tell exactly how the variant functions, virologists are rushing to learn more.

The agreement will create a path for major oil producers to eventually begin pumping more oil, ending an earlier dispute sparked by the United Arab Emirates.