Crude oil may not sustain above $80/bbl despite Middle East tensions, say brokerages, citing factors like OPEC's spare ...

OLIVER BUNIC/AFP via Getty Images On Monday, Brent crude—the benchmark used for the light oil market in Europe, Africa and the Middle East—rose above $80 a barrel to its highest in more than ...

Rising global energy demand amid Saudi Arabia’s extended crude production cut, which is voluntary, is aiding the recent spike in oil price and will likely continue to back the commodity price.

Oil futures jumped more than 2% on Friday as signs of supply tightness sent prices higher. Near-term contracts are currently trading at a premium compared to later months, a market condition ...

Oil prices jumped past $80 per barrel Friday for the first time this year as violence in the Red Sea prompted more vessels to change course and sparked new fears of broader disruption.

Oil climbed, building on its biggest weekly ... West Texas Intermediate settled above $80 a barrel for the first time in a month, with the gain accelerating after prices broke through their ...

Crude oil prices were holding firm after having seen sharp losses this week, as tight fundamentals provide a floor to prices. Brent crude was up 0.5% to $80.40 a barrel while WTI was 0.4% higher ...

Crude oil prices have made a big push from the lows ... Nearby futures have topped $80 a barrel but some analysts are now projecting prices to move back near $100 by the end of the year.