oil prices

WATCH: President Biden announces ban on Russian oil for the country’s attack on Ukraine

By Zeke Miller, Michael Balsamo, Josh Boak, Associated Press

President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump.

Wall Street tumbles after oil prices hit $130 per barrel

By Stan Choe, Associated Press

Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy.

Oil prices surge above $100 a barrel as war on Ukraine rages

By Damian J. Troise, Alex Veiga, Associated Press

The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.

Here’s how Russia’s invasion of Ukraine could worsen everyday costs in the U.S.

By William Hauk, The Conversation

Americans may be tempted to view the war in Ukraine as an unfortunate, but far away, crisis. But how much worse inflation could get will depend in part on how far Putin goes, and the severity of sanctions.

Mideast economies take massive hit with oil price crash

By Samya Kullab, Qassim Abdul-Zahra, Associated Press

The historic crash in oil prices in the wake of the coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue.

The price of oil fell below $0. What happens next?

By Ryan Chilcote

The stuff that makes the world go round, the lifeblood of the global economy, was worthless -- more stunning evidence of how this pandemic is rocking the global economy.

Oil price goes negative as demand collapses

By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press

A barrel of benchmark U.S. oil for May delivery fell to negative $3.70 per barrel.

Putin suggests sizable oil production cut as prices fall

By Associated Press

Russian President Vladimir Putin says he supports cutting oil production by about 10 million barrels a day to shore up falling prices.

Why Russia just torpedoed global oil prices

By Ryan Chilcote

For many of the oil-rich countries, 2020 was already off to a miserable start, but they took a beating on Monday-- a barrel of oil now costs half what it did at the beginning of the year. What happened?…

Dow drops 7.8% as free-fall in oil, virus fears slam markets

By Stan Choe, Alex Veiga, Associated Press

The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.