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

The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.

The West Texas Intermediate for June delivery increased 1.11 U.S. dollars, or 1.85 percent, to settle at 61.02 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery went ...

KUWAIT, May 8 (KUNA) -- Kuwait crude oil rose USD 1.97 during Wednesday's trading to reach USD 64.05 per barrel compared with ...

West Texas Intermediate crude is projected to average $64.60 a barrel this year, according to a survey compiled by The Wall ...

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng on May 10. Also on Friday, President Trump indicated he'd be in favor of an 80% tariff on Chinese goods. While still ...

CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been ...

The prices of the Brent crude and West Texas Intermediate were down each by USD 1.06 and USD 1.16 to settle both at USD 60.23 ...

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and ...

West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $56.13 per barrel, down ...

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

WTI crude oil struggles due to tariff-related demand concerns, causing a sharp downturn in prices. OPEC+ adding more supply ...