The cost of crude oil affects everything from the price of food at the supermarket to how much it costs to fill up your car.

Oil prices soared on Friday as tensions in the Middle East flared, with Israel attacking Iranian military and nuclear targets ...

Oil traders reacted instantly on Monday when Iran fired missiles at a U.S. military base in Qatar, selling off crude instead of pushing prices up. Merely three hours before the strikes, Trump had ...

Global oil prices fell sharply on news of a ceasefire that ended, at least for now, the 12-day war between Israel and Iran. Prices at the pump had surged since the United States bombed Iranian ...

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

No matter how the fighting unfolds, it promises to increase prices at the gasoline pump just as voters' natural gas and electricity bills are already set to rise.

A disruption to global oil flows could send prices higher. That would be good news for Russia, with oil being a key lifeline to sustain its war in Ukraine.

Traders say crude could rise beyond $US100 a barrel, making it harder for the RBA to continue cutting interest rates as anticipated this year.

University of New Haven professor John Mohs said the war between Israel and Iran has caused both gas and oil prices to rise. Stream Connecticut News for free, 24/7, wherever you are. WATCH HERE ...

Trump asked for "UNCONDITIONAL SURRENDER!" and warned that Ayatollah Ali Khamenei is an easy target, though they aren't going to kill him — "at least not for now." Earlier, Trump had warned everyone ...

Oil prices dropped sharply after Trump announced a tentative ceasefire between Israel and Iran, easing fears of supply disruption. Energy ETFs like BNO and USO fell over 5% as Middle East tensions ...

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries (OPEC) and its allies boost output.