West Texas Intermediate

That’s a big gap between the financial world’s price of oil versus what people are actually paying to get a physical delivery of a barrel of oil.

Analysts don’t see an end to war in the Middle East on the horizon.

After the Strait of Hormuz closed, China slashed its oil imports, seemingly without reducing energy demand or tapping into reserves. How China is doing it — and why — remains a mystery.

Oil companies that drill in West Texas are seeing big wartime profits, but many are holding back on aggressive capital spending, wary of repeating the boom-bust cycles that followed the pandemic when prices collapsed after a drilling surge.

Brent Crude? West Texas Intermediate? What’s the difference?

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the sourness or sweetness of the oil dictates how complex the conversion process will be.

The U.S. is the world's largest producer of both oil and natural gas, but only one of those commodities is hitting American consumers. The reason comes down to infrastructure.

The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill, baby, drill!” vibes.

“Crack spreads” are higher than ever. But investors aren’t interested in dumping money into fossil fuel expansion.