Aegis Hedging, which handles hedging for roughly 25-30% of U.S. output, according to internal estimates, saw a record volume ...

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

However, Tony Sycamore, a market analyst at IG, said that ongoing tensions in the Middle East and the risk of slowing global ...

The West Texas Intermediate for July delivery dropped 21 cents, or 0.28 percent, to settle at 74.93 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery lost 1.84 ...

Major equity indices, which had been hovering near all-time highs, pulled back as geopolitical risks surged back to the ...

Brent crude prices hit the highest level since January after IDF strikes on Iran prompts fears of retaliation that could ...

Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more ...

US and Brent crude prices jumped on fears of supply disruption from the Middle East as Iran has repeatedly threatened to ...

Oil futures jumped more than 4% on Wednesday following a Reuters report saying that the US embassy in Iraq is preparing to ...

The Dow Jones Industrial Average close down nearly 770 points, or 1.7%. The S &P 500 declined 1.1%, while the tech-heavy ...