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

In its latest short term energy outlook (STEO), which was released on April 10, the U.S. Energy Information Administration (EIA) cut its West Texas Intermediate (WTI) oil price forecast for 2025 ...

Oil prices rebounded after the president delayed widespread tariffs, but the industry and analysts are uncertain about what's ...

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

Oil prices experienced a significant drop, with West Texas Intermediate crude momentarily falling below $60 per barrel. President Trump's recent tariff announcements have sparked fears of a global ...

The West Texas Intermediate oil price dipped to $55.12 US per barrel early Wednesday, leaving analysts to speculate on what's around the corner at a time of mass economic instability. And while ...

NEW YORK: Brent and West Texas Intermediate crude climbed more than US$1 on Friday after US Energy Secretary Chris Wright said the United States could end Iran's oil exports as part of an effort ...

Executives are loathe to boost US oil supply with West Texas Intermediate down about 27% since Trump’s inauguration less than three months ago. It’s now hovering around $57, below the level ...

US stocks saw choppy trading on Tuesday (April 15) as investors digested a new round of first-quarter earnings reports and ...

“The fear of a trade war is hamstringing oil demand,” he said. The price of West Texas Intermediate is hovering around $60 per barrel, which is not low enough to kill the U.S. oil patc ...

Oil prices are already reflecting those expectations. The price for West Texas Intermediate crude was $77.88 a barrel when Trump took office. Since then, it has steadily declined until bottoming ...

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on Friday's modest gains and attract fresh sellers near the $61.60 area at the start of a new week. The commodity currently ...