The price of Brent crude oil has risen more than 90% this year to about $120 per barrel. The main catalyst was the outbreak of the Iran war in late February, which throttled oil shipments through the ...

Shares of companies that sell what people want, rather than need, were rallying, as a big drop in oil prices was seen providing a boost to consumer spending. The State Street Consumer Discretionary ...

A pullback in oil prices would initially be good for many companies and consumers. But a prolonged decline would suggest the global economy is sputtering out. 10 stocks we like better than Chevron › ...

Oil prices fall as market fears of a U.S. recession overcome Middle East geopolitical tensions. Brent crude oil is down 1.3% at $75.83 a barrel, while WTI falls 1.6% to $72.30 a barrel. The downward ...

If the Iran conflict ends, crude oil prices will inevitably decline. That pullback should initially reduce transportation costs and ease pressure on consumers, enabling companies to stabilize their ...