Oil

Markets

Stocks, oil and the Israel attacks

The global oil market got a jolt following the attacks on Israel, as did the U.S. stock market and now investors are trying to gauge how long the instability may last.

Markets

Exxon mulls Pioneer deal, shares jump

Pioneer Natural Resources shares spiked on rumors Exxon Mobil is closing in on a deal to purchase the company in what could be a $60 billion deal, The Wall Street Journal reported.

Markets

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.

Markets

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.

Markets

Oil tops $90 as inflation kicks up

The price of oil hit $90 per barrel as crude supply tighten amid oil production cuts from Saudi Arabia and Russia, creating a new headline in the fight to bring down inflation.