Oil Prices Could Stay Elevated as Mideast Tensions Rise

Oil futures rose and prices may remain elevated amid growing Middle East tensions.

Frequent Oil Draws From U.S. Strategic Reserve Push Old System to Breaking Point

Fracturing wells, leaky pumps and other wear-and-tear are straining the Gulf Coast salt caverns that make up the reserve.

Oil Demand Recovery Is Under Way but U.S.-Iran Escalation Clouds Outlook, IEA Says