Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security forces and leaders to inspire protesters.

WTI crude oil rallies above $62.20 resistance, targeting previous tops at $64.75 and $66.49 with bullish momentum intact. Winter storm disrupts U.S. crude production, sending Gulf Coast exports to zero before rebounding as supply tightens.

Take a look at some of this year's top-performing oil ETFs and consider whether they deserve a spot in your portfolio.

Crude oil price has been rather bullish in recent sessions as the market digests the geopolitical tensions in Iran. However, it is yet to transition into the bullish market as investors await further cues on the demand/supply dynamics.

A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the path will be long and costly.

Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as Beijing took advantage of low prices and expanded storage capacity.

Crude oil markets continue to see buyers, as we are trying to price in geopolitical concerns, with a strike against Iran being possible. Because of this, the supply and demand situation is being ignored at the moment.

"But while crude oil price increased by 6.2 per cent, the local retail price increased by 14.3 per cent, indicating that local oil companies more than doubled the rate of increases in their main input cost,

By Robert Harvey LONDON, Jan 29 (Reuters) - Brent oil futures prices jumped on Thursday, hitting a four-month high on rising concerns of the potential impact a possible U.S. military attack on Iran, OPEC's fourth-largest producer,

Oil price moves aren't random, and sharp reversals and stalls are often driven by options positioning and mechanical hedging flows, not news or fundamentals.

India says market forces — and not tariff threats from the US — are what's driving its decision to cut crude oil imports from Russia. On the sidelines of India Energy Week, oil minister Hardeep Singh Puri shared with Rebecca Bundhun on the country's potential in the global energy order.