The oil market is under pressure this year as OPEC+ members have rapidly ramped up production after years of output cuts. Investors are also pricing in lower geopolitical risk on a possible peace agreement in Ukraine. Falling oil prices could also signal a ...

Dec. 23 (UPI) --A delayed report Tuesday showed U.S. economic growth surged in the third quarter, driven by robust consumer spending. The U.S. economy grew at an annual rate of 4.3% in the third quarter, according to preliminary data from the U.S ...

The job market continues to show signs of cooling. U.S. employers added just 64,000 jobs in November, according to a delayed report from the Labor Department Tuesday, while the unemployment rate rose to 4.6% from 4.4% in September. That's the highest ...

U.S. forces, led by the Coast Guard, are now chasing a third oil tanker near Venezuela, sharply escalating a high-stakes crackdown aimed at the country’s sanctioned crude trade. The Coast Guard is working with federal partners to track another oil tanker ...

Speaking Jan. 28 at the SpaceCom Space Mobility conference, Whiting said the idea for a commercially integrated tabletop exercise was driven by reports that Russia intends to field a nuclear weapon in orbit. “A nuclear detonation in outer space would cause devastating consequences for the United States, the world and the global economy,” he said.

Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.

Oil hit its highest since late September after a winter ‍storm disrupted U.S. crude output ‍while a weak dollar, continued Kazakh outages lent further support.

President Trump’s threat to impose tariffs on any country that delivers oil to Cuba appeared to be directed largely at Mexico, the only nation that has sent any meaningful fuel shipments to the island.