They're high because oil producers aren't ramping up supply quickly enough.
A court ordered the administration to resume the auctions it had suspended.
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.
So far, big oil companies are in the "not" camp.
Heating your home too. Propane futures are trading at roughly twice what they were the past two summers and retail prices are up as well.
OPEC and its allies are scheduled to meet Thursday as oil prices keep rising.
Pipelines have met increasing opposition, but persistent demand for crude may help them get approved.
In a new book, Michael Patrick F. Smith reflects on his time working on an oil field in North Dakota.
Oil giants are expected to sit out the bidding, which would mean low lease prices and measly royalties for the government.
The Diamondback-QEP deal demonstrates the urge to merge while energy prices are weak.