Oil prices have surged above $90 amid disruptions in the Strait of Hormuz. Here’s a reality-based look at how high crude could go—and what ultimately limits the spike.

Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.

Oil prices are taking a significant turn, surging above $73 following the joint US-Israeli strikes on Iran. This geopolitical tension has injected a risk premium into the crude market.

As the May West Texas Intermediate futures contract heads into its final months of trading, the crude oil complex navigates an unusually volatile backdrop of geopolitical risk and predictable seasonal demand patterns.

Supply concerns are back in focus across energy markets. Crude prices now react to disruption headlines almost instantly. A disruption headline appears, and futures move within hours. Inflation expectations, however, remain far more restrained. The gap is easy to see in gold vs. oil, where the two markets are reacting to very different signals.

Oil took center stage once again in this week's volatile action. Rising 37% since last Friday, crude is now at concerning levels, even outperforming the January 2022 Ukraine war weekly performance, reaching $92.68 this week - a reminder that the commodity was trading near $55 just about two months ago.

Crude oil price edged higher on Wednesday as weather disruptions and a weaker US dollar bolster the asset. At the time of writing, Brent oil was trading at $66.62 as the bulls gather enough momentum to break the resistance at $66.77. At the same time, the ...

Crude oil prices rose as escalating U.S.–Israel strikes on Iran and the closure of the Strait of Hormuz increased supply risks, pushing Brent oil above $83 and Brent oil above $75 while technical signals point toward a potential move to $100.