After its largest increase since the early 1980s over the last week, futures trading on crude oil on Sunday surpassed $100 per barrel.

Oil prices go up faster than they come down, especially since the war has damaged oil infrastructure in the Middle East.

Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.

Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.

Domestic energy companies could benefit from high oil prices in the short-term, but take a hit if the Iran war drags on.

Amid the escalating US Iran War, a critical situation has arisen for the oil market as the global crude oil prices continued to surge and stayed above the $100 per barrel mark, even after a slight fall. The worst is yet to come as the Macquarie Group has ...

Oil prices were climbing again on Thursday morning as the war in Iran approaches its one-month mark — with little sign of an end in sight. The front-month Brent crude contract for May delivery BRNK26 was up nearly 5% to $107.16 a barrel, while the most ...

Oil prices have eclipsed US$100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.