Wet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.

Wet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.

Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core inflation, which strips out volatile food and energy prices, was up a more modest 2.9%. Geoff Bennett discussed more with Roben Farzad of Full Disclosure.

Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.

The Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.

The Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.

The price of crude oil rose after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.

The price of crude oil rose after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.

Gas prices in Canada are expected to start climbing again, as any progress made towards a peace deal between the U.S. and Iran appears to be unravelling.

Gas prices in Canada are expected to start climbing again, as any progress made towards a peace deal between the U.S. and Iran appears to be unravelling.