The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh. Other reference oil types include ...

Oil futures sank to multi-year lows amid trade war worries and the prospects of more oil coming into the market.

Crude oil prices fell below $70 due to economic concerns and fears over President Trump's tariffs on Mexico, Canada, and ...

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) ...

There are supply-and-demand and geopolitical reasons for the price move, but the truth is that this type of volatility isn't ...

The Brent crude benchmark sits at a six-month low below the $70 per barrel-mark. The OPEC+ cartel will increase its ...

On the Multi Commodity Exchange, crude oil for April delivery traded lower by Rs 42 or 0.68 per cent at Rs 6,106 per barrel ...

Oil prices gained on Friday but retreated from session highs after US President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine.