The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Oil prices rose on Friday, closing the week higher on the back of cold weather in Europe and the US as well as additional economic stimulus flagged by China.

As the price of oil finally breaks upward after a long (3 or 4 months) period of consolidation, some stocks in the petroleum ...

Energy executive polled by the Dallas Federal Reserve Bank said they have become mildly more optimistic about business ...

China's state planner, the NDRC, outlined plans to significantly boost funding through ultra-long treasury bonds to support "two new" programs.

Oil futures were edging higher on Friday, on track for solid gains in a holiday-shortened week, buoyed by expectations of further stimulus in China, the world’s largest crude importer, to boost its ...

In the early hours of Friday continues to see buyers coming into the markets, as the oil market looks like it is ready to break out and above a massive amount of resistance. At this point, it is ...

US benchmark equity indexes rose ahead of Friday's close as markets analyzed the latest manufacturing sector data and remarks by a Federal Reserve official. The Nasdaq Composite was up 1.7% at 19,602.

US equity indexes rose, with consumer discretionary and technology among leaders in midday trading Friday. The S&P 500 climbed 1% to 5,929.1, with the Nasdaq Composite up 1.4% to 19,554.3 and the Dow ...

The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh. Other reference oil types include ...

For example, you can see that Brent crude oil spot prices are quoted by the barrel (bbl), as are West Texas Intermediate (WTI) oil prices on global futures exchanges like NYMEX. The highest ever ...