Oil prices were little changed on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China's economy.

Oil prices rose on Wednesday amid renewed geopolitical tensions in the Middle East, which could negatively impact the region’s supply, while markets a

India and Latin America greatly influence the price of oil, since they require more and more oil to support their economic growth and resulting rise in energy consumption. The supply of crude oil ...

(Reuters) - Oil prices edged up on Tuesday on a potential breakdown in talks between the U.S. and Iran over Tehran's nuclear program and the weakened prospects of more Iranian oil supplies ...

When Trump was sworn in Jan. 20, the national average price of a gallon of regular gasoline was $3.11. After falling to $3.06 and rising to $3.24 in the subsequent weeks, a gallon on May 12 cost $3.12, the most recent data point available from federal agencies at the time Bessent made his remark.

South Africa will wait for global oil prices to rise to around $100 a barrel before selling more of its strategic crude reserves, a senior energy official told Reuters.

Saudi Arabia’s direct crude burn for power generation is expected to increase this summer, potentially helping to offset concerns over a growing global oil glut.

Throughout Michigan, the most expensive gas price averages on Sunday were in Lansing, $3.28 a gallon; Grand Rapids, $3.26 and Benton Harbor, $3.23; the least, in Traverse City, $2.95; Marquette, $3.07 and metro Detroit, $3.11.