Oil Prices Could Stay Elevated as Mideast Tensions Rise

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

U.A.E. Crude Output Surged in June After OPEC Exit

The United Arab Emirates boosted crude output by 80% in June from the previous month after quitting the Organization of the Petroleum Exporting Countries to escape production quotas and bring oil to the market on its own terms.

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