Oil Prices

US oil prices raced above $65 a barrel on Monday for the first time since Halloween after the White House pledged to deepen its crackdown on Iran.
Anadolu Agency/Getty Images via CNN
April 22, 2019 - 2:52 pm
By Matt Egan, CNN Business (CNN) - - US oil prices raced above $65 a barrel on Monday for the first time since Halloween after the White House pledged to deepen its crackdown on Iran. The Trump administration vowed to bring Iran's oil exports to "zero" by removing the waivers that previously...
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President Donald Trump speaks to the media before leaving the White House in Washington, Tuesday, Nov. 20, 2018, to travel to Florida, where he will spend Thanksgiving at Mar-a-Lago.
AP Photo/Manuel Balce Ceneta
November 21, 2018 - 10:16 am
By Deb Riechmann, Associated Press WASHINGTON (AP) — President Donald Trump on Wednesday publicly thanked Saudi Arabia for plunging oil prices amid criticism over his decision not to further punish the kingdom for the killing of U.S.-based columnist Jamal Khashoggi. Trump, who made clear in an...
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Oil prices are falling fast. Here's why
Shutterstock/CNNMoney
May 29, 2018 - 11:40 am
By Alanna Petroff (CNN Money) -- What a difference a week can make. Oil prices surged to their highest level in over three years last week, and strategists were marveling that prices had shot up so quickly. Now prices are slumping. US crude oil futures have dropped by nearly 10% to trade around $66...
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(AP Photo/Mark Lennihan, File)
May 25, 2018 - 2:34 pm
NEW YORK (AP) — Energy companies and oil prices are falling sharply again Friday on reports OPEC countries plan to produce more oil soon. Airlines are climbing as investors anticipate lower fuel costs. Overall, major market indexes are mostly lower. Another decline in bond yields is hurting banks...
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