Oil

Oil prices trade higher, head for weekly decline

Oil prices traded higher Friday morning as an announced planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia caused by western sanctions.

Democrats continue to 'browbeat' Big Oil: Energy exec

American Petroleum Institute CEO Mike Sommers called out Rep. Ro Khanna, D-Calif., for his "irony" regarding the congressman’s flip-flopped stance on oil production and argued that Democratic politicians are continuing to “browbeat” U.S. companies.