Oil

Exxon Mobil Corp.'s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape

Prices in Texas and Oklahoma will likely rise "in the next few days," Patrick De Haan, head of petroleum analysis for GasBuddy, said in a tweet.

Larry Kudlow discusses reliable energy sources as the deadline approaches for the trillion-dollar infrastructure package.

Sen. Joe Manchin, D-W.Va., said Tuesday that he would not support the inclusion of a so-called “carbon tax” in President Biden’s social spending bill, presenting another potential roadblock for Democratic leaders scrambling for an agreement on the administration’s signature legislation.

Oil cruised past the $83-per-barrel level, threatening to slow the post-pandemic economic recovery.

Bulltick Capital Markets chief strategist Kathryn Rooney Vera provides insight into oil market.

Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year.

Oil prices climbed on Friday, heading for gains of more than 2% for the week, on increasing signs of tight supply over the next few months as rocketing gas and coal prices stoke a switch to oil products.

Average gas prices have hit their highest rate in 7 years amid rising inflation and supply chain issues as the economy recovers from the COVID-19 pandemic.