Brent crude stayed above $100 while WTI rose sharply as escalating US-Iran tensions and fears over the Strait of Hormuz pushed global oil prices higher again.

Oil prices are going to drive profits for the sector, specifically in North America.

Oil prices have rocketed this year due to the war with Iran. WTI, the primary U.S. oil price benchmark, has risen 85% to more than $100 a barrel. The prolonged closure of the Stra

The U.S. has exported over 280 million oil barrels over nine weeks, drawing down strategic reserves. Yet oil and gas prices remained elevated.

South Africa will sharply raise fuel prices from Wednesday, May 6, as oil surged above $100 per barrel amid escalating tensions in the Middle East, exposing the country’s vulnerability to global energy shocks.

Nigerians face potential petrol price hikes as global crude exceeds $100 per barrel. Amid Middle East tensions, Abuja sees some filling stations lowering prices.

NEW YORK, April 21 (Reuters) - Oil prices pared gains on Tuesday after briefly climbing above $100 a barrel following an announcement from U.S. President Donald Trump that he was extending a ceasefire with Iran until Tehran submits a ‌proposal.

3 days Oil Prices Jump After Iran Claims Missile Strike on U.S. Navy Vessel Near Hormuz 3 days TTF Futures Swing From Loss to Gain After Iran Rejects Trump's Hormuz Plan Tsvetana is a writer for Oilprice.com with over a decade of experience writing for ...

Oil prices sank, and stock markets rallied worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again.