The war and the curtailment in supplies have seen global stockpiles of crude oil and products being drawn down at a record pace, according to Goldman Sachs Group Inc

Oil prices jumped while stock markets mostly retreated and the dollar firmed Thursday as hopes of a Middle East peace accord faded on conflicting headlines on the state of talks.

Oil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potential supply disruptions. Despite some…

The war and the curtailment in supplies have seen global stockpiles of crude oil and products being drawn down at a record pace, according to Goldman Sachs Group Inc