Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

If oil prices are any measure, Iran just flinched. The price of oil tumbled Monday on a bet that Iran's decision to bomb U.S.

A 10% to 20% U.S. market correction could result if the waterway closed—but the move would hurt Iran more than its trade ...

By Monday morning, the price of a benchmark barrel of U.S. oil was up 0.4% at $74.16 after briefly dipping to a loss. Brent ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...