In less than two months, the price of Brent crude has risen from around $90 per barrel to threaten $120 per barrel again. At the pump, gasoline prices are up ... Read Full Story »
French paper Le Monde reports that the heads of France, the United Kingdom and United States have begun discussions about a release of some of the crude in their strategic ... Read Full Story »
There have been rumors in the media than President Obama and UK Prime Minister David Cameron may release strategic oil reserves -- crude stored by the countries in the event ... Read Full Story »
The 28 countries comprising the International Energy Agency (IEA) have agreed to release a total of 60 million barrels of oil as a result of the continuing supply disruption to ... Read Full Story »
The International Energy Agency has issued a statement that it apparently hopes will quell some of the fears that have driven crude prices to levels not seen for a while. ... Read Full Story »