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.