Oil nears $94 per barrel

The price of oil is nearing $94 per barrel after the Energy Information Administration reported a larger-than-expected draw on inventories of over 2.1 million, jolting the crude market.


Oil spikes above $91 on supply concerns

The price of WTI and Brent crude oil continues to rise as Wall Street traders eye a deeper supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts.