Crude oil contracts were less than $1 lower around midday Wednesday as the petroleum complex took a pause following a significant recent surge, while further losses were limited by renewed supply fears after Saudi Arabia and Yemen exchanged strikes.

Crude and diesel contracts rose sharply around midday Monday, after President Trump said he is reimposing the U.S. blockade on Iranian shipping, dashing hopes that the Middle East…

Crude futures rose midday Tuesday as continued U.S. strikes against Iranian targets and Iranian attacks on vessels in the Strait of Hormuz reinforced concerns over disruptions to…