By Sheldeen Joy Talavera, Reporter GLOBAL OIL PRICES may continue to decline if the Middle East conflict de- escalates, an industry player said. “Following announcement by US President Trump that ...

Crude oil prices closed about 7% lower on Monday, according to CNBC. The nationwide average for a gallon of regular gas was about $3.22 as of Tuesday, according to AAA.

On any given day, about a fifth of the world's oil and gas, worth $600bn, passes through it, from Gulf states such as Iraq, Kuwait, Saudi Arabia, the United Arab Emirates, Qatar and Iran itself.

CFR convened a workshop to explore what drives oil price volatility, what effects it has on the economy and geopolitics, and what policy options to reduce price volatility.

The price of Brent crude oil, the international benchmark, jumped 7 percent on Friday, to above $74 a barrel. The move was oil’s largest daily gain this year and capped a choppy week of trading.

Oil prices see sustained surge after Israel strikes Iran By Huileng Tan , Kwan Wei Kevin Tan , Nora Redmond , and Katherine Li ...

June 14: Israel bombs oil depot in Tehran as missile strike near Haifa claims victims ‘Tehran is burning,’ tweets DM Katz, having warned Iran to stop firing missiles at civilians * IAF said to ...

Oil prices jumped. Brent crude futures rose 7%, to $74.23 a barrel. Stocks retreated. The S&P 500 dropped 1.1%, the Nasdaq Composite fell 1.3%, and the Dow industrials lost 1.8%, or 770 points.

NEW YORK (AP) — Oil prices leaped, and stocks slumped Friday on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around ...

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.

Israel has launched extensive strikes against Iran, targeting nuclear facilities and military assets to prevent Tehran from developing atomic weapons. In response, Iran has threatened to close the ...