The Latest Breaking News from Oil

Texas Pacific Land has considerably underperformed the Nasdaq recently.

Power plants and industrial facilities that emit planet-warming carbon dioxide are hopeful that Congress will keep tax credits for capturing the gas and storing it deep underground

Statement to stock market follows media reports of early talks with BP to create a £200bn UK oil company

British oil giant Shell is denying reports that it is in talks to buy rival BP

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Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.

As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility.

Despite a raft of problems from the Middle East to domestic tariff policies, markets seemed to welcome the fact things are comparatively settled.

August WTI crude oil (CLQ25 ) Wednesday closed up +0.55 (+0.85%), and August RBOB gasoline (RBQ25 ) closed down -0.0049 (-0.24%). Crude oil and gasoline prices on Wednesday settled mixed. Crude oil found support on Wednesday's bullish weekly EIA report, which showed a larger-than-expected draw in crude oil inventories and...