The Democrats believe they can control inflation with a bill dubbed the 'Consumer Fuel Price Gouging Prevention Act' being rolled out in the coming week.
The national average gas price hit a record high Sunday, now at $4.47.
Warren Buffett's Berkshire Hathaway has developed a taste for oil, specifically shares of Occidental Petroleum.
A cryptocurrency trader was sentenced to 42 months in prison for defrauding more than 170 victims. Damian Williams, the United States Attorney for the Southern District of New York, announced the sentence.
Oil traded higher Wednesday morning, resuming an upward move following a 9% drop over the previous two sessions.
Oil prices were choppy Thursday morning after a European Union proposal for new sanctions against Russia included an embargo on crude in six months.
Food banks are straining to meet growing demand caused by rising food prices, which are pinching budgets for households and the organizations themselves.
Oil prices rose Wednesday morning following a drawdown in U.S. crude and fuel stockpiles and concerns about slowing demand from China.
Oil prices were trading higher Friday morning as the outlook for demand is still a concern due to China's COVID-19 lockdowns.
Oil prices moved higher Thursday morning as markets remain concerned about falling demand, especially in China due to COVID-19 restrictions.
Oil prices added to gains on Wednesday morning as prices settled in the Tuesday session 3% higher than Monday.
Ford's chief executive officer heralded the flood of customer reservations after his company's official launch of the new Ford F-150 Lightning pickup truck.
Oil prices declined Friday morning following a week filled with concerns about interest rate hikes, global growth and COVID lockdowns in China putting a dent in demand.
Oil prices added to gains on Thursday on concerns about supply due to a possible European Union ban on Russian oil.
U.S. supplies hit a three-year low – 18% below the average for this time of year – and the market could get even worse.
Oil prices gained Wednesday morning, rebounding from sharp losses in the previous session.
Gold was trading higher in early Asian trading, with concerns of elevated U.S. inflation driving demand for the safe-haven asset, DailyFX.com analyst Thomas Westwater said in a note.
Oil prices moved higher in early Asian trade, with weak crude production from OPEC supporting prices, Oanda market analyst Ed Moya said in a note.
Oil futures traded lower Thursday morning as traders weighed a larger-than-expected build in U.S. oil inventories against tightening global supply.
Oil prices added to gains Wednesday morning after climbing Tuesday night on worries about sliding output in sanctions-hit Russia, tightening supply after Moscow said talks to resolve its invasion of Ukraine had come to a dead end.