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price of oil

BP reports huge profit rise in first quarter

BP reports huge profit rise in first quarter

British energy giant BP on Tuesday reported a sharp increase in profits in the first quarter as crude oil prices soared amid the Middle East war. Oil prices have risen since the start of the US-Iran conflict on February 28, often swinging violently in response to the war'

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Oil prices jumped and stocks sank Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war. Investors were also gearing up for key central bank meetings and earnings reports from Wall Street giants this week. Tehran

BP reports huge profit rise in first quarter

BP reports huge profit rise in first quarter

British energy giant BP on Tuesday reported a sharp increase in profits in the first quarter as crude oil prices soared amid the Middle East war. Oil prices have risen since the start of the US-Iran conflict on February 28, often swinging violently in response to the war'

Oil rises, stocks mixed as US-Iran peace talk hopes dim

Oil rises, stocks mixed as US-Iran peace talk hopes dim

Oil prices rose and stock markets moved unevenly on Monday as the prospect of Iran peace talks remained stalled, ahead of a week full of central bank decisions and corporate earnings. Iranian Foreign Minister Abbas Araghchi's visit to Islamabad had fanned hopes for new negotiations with Washington at

India plugs oil gap as Middle East supplies sink

India plugs oil gap as Middle East supplies sink

India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a sharp crude shortfall from the crisis-ridden Middle East, analysts say. India, the world's third-largest oil buyer, normally sources about half of its crude through the Strait

S&P 500, Nasdaq end at records as Intel shares surge

S&P 500, Nasdaq end at records as Intel shares surge

Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and Iranian officials headed to Pakistan for expected peace talks. Both the S&P 500 and Nasdaq powered to all-time highs, bolstered in part by the market's

Possible Trump rescue of Spirit Airlines spurs debate

Possible Trump rescue of Spirit Airlines spurs debate

Bargain US carrier Spirit Airlines, which filed for bankruptcy in 2025 for the second time in a year, could be spared by a controversial potential White House rescue package. Trump confirmed on Thursday that he was hoping Spirit could be saved, sparing thousands of jobs. "I think we'