U.S. crude oil prices fall after OPEC+ agrees to surge production in June

U.S. crude oil futures fell more than 2% on Monday, after OPEC+ agreed to surge production for a second month. Read More

The drop in oil prices will only provide a ‘minimal’ boost to the economy – Pantheon

Lower WTI crude prices below $60 bring mixed impacts: consumer savings vs. energy sector losses. Explore how this shift affects the U.S. economy and jobs. Read More

Stagflation fears are rising. Here's why one firm says it's an unlikely outcome for the economy.

Oil prices remain stable, and the labor market has shown no significant increase in layoffs. Fears of stagflation hitting the US economy are ... don't show a similar surge," Varghese said ... Read More

US expert foresees oil price surge to $150 per barrel due to price cap on Russian crude

TASS/. The US-led West’s imposed price cap on Russian crude may lead to a surge in global oil prices, particularly the price of Brent, to $150 per barrel, Director of the US-based investment ... Read More

Oil price surge reaches 350% over past two years, becoming largest in half a century — WB

Oil prices have risen from their lows by 350% over the past two years, which is the largest increase in a two-year period since 1973, the World Bank said in its June 2022 Global Economic Prospects ... Read More

Stagflation on the radar for US economy, but no repeat of ’70s

WASHINGTON — Recent economic projections from Federal Reserve officials had shades of “Stagflation-lite,” in the words of one economist, a sentiment increasingly echoed among other observers of the US ... Read More

New discovery of a huge oil field in the South China Sea: A threat to the US economy?

Is the discovery of an oilfield in the South China Sea a threat to the US and its economy ... no nation that is positioned to pick up all of the slack when China starts importing less crude oil. Read More

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

OPEC+ has agreed to surge production by 411,000 barrels per day in June. Oil prices in April posted the biggest monthly loss since 2021 President Donald Trump's tariffs have raised fears of a ... Read More