While motorists may see lower fuel prices, there's a catch for retail diesel in the federal government’s first 2025 energy ...

US crude oil inventories dropped by 1.017 million barrels last week, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.10 on Friday.

The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.

Oil prices fall due to a combination of factors, including rising US production, easing geopolitical tensions, and mixed inventory reports.

"Following some initial upward price pressure in early 2025, we expect that crude-oil prices will generally decline from mid-2025 through the end of 2026 as growth in global oil production outpaces ...

WTI depreciates US President Donald Trump called on OPEC+ to reduce crude Oil prices. Trump reiterated his demand for OPEC+ ...

The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory ... the average 2025 price for Brent crude at $74 per barrel, with West Texas Intermediate ...

The Organization of the Petroleum Exporting Countries and its allies are due to hold a ministerial panel next month.

Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his ...

The EIA sees international benchmark Brent averaging about $74 a barrel this year, down from $81 a barrel in 2024. For 2026, it expects Brent to average $66 a barrel. West Texas Intermediate ...