Oil prices stabilized in Asian trade as optimism over a potential Trump-Xi meeting eased bearish sentiment following last week’s tariff-driven selloff.

Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market's risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.

Barron’s Daren Fonda talks to Denton Cinquegrana, chief oil analyst at OPIS, about changes in oil prices amid a government shutdown and geopolitical events.

Crude oil prices moved higher on Monday, regaining some of the sharp losses from the previous session, as investors focused on the possibility of trade negotiations between the U.S. and China that could ease tensions between the world’s top two economies and energy consumers.

Companies such as BP and Chevron have announced large cutbacks that are reshaping the fossil fuel sector's workforce.

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Canada’s oil industry is experiencing a wave of consolidation as producers opt for mergers and acquisitions over new megaprojects, driving record production thanks to optimized existing assets and expanded pipeline capacity.

The price drop has been driven by a trifecta of low crude oil prices, lower demand and a switch to winter blends.

Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market's risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.

Commerce Adviser SK Bashir Uddin on Tuesday said businesses have increased edible oil prices without the government’s approval, which is beyond their authority. “The government has not raised edible oil prices, nor has it given any permission to ...