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.

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.