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Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil
Gas Prices Reflect Tomorrow''s Costs, Not Yesterday''s The second frustration—why prices jump before “cheap” gasoline is sold—comes down to replacement cost.
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Oil prices opened the first trading session of 2026 slightly higher, supported by geopolitical tensions and new U.S. sanctions on Venezuela, despite lingering oversupply and weak demand growth.
Oil prices jumped above $100 a barrel after U.S.-Iran talks collapsed and a U.S. blockade of traffic linked to Iranian ports in the Strait of Hormuz was announced.
Oil prices are set to average below $60 per barrel next year, investment banks have said in their latest forecasts in recent weeks.
Oil prices surged toward $90, marking the biggest weekly gain in years, as escalating tensions involving Iran and the United States raise fears over the security of shipping through the
Aluminum prices are climbing on the back of Chinese production caps, supply disruptions, and surging demand from EVs, defense, and infrastructure sectors.
Find U.S. and Canadian rig count and drilling data, and use Oilprice ''s graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.