JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario.

A former White House official issued a chilling ultimatum to Donald Trump's administration as oil prices continue to rise in the US

A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.

A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage points,

President Donald Trump will return to the world stage for this weekend’s 50th Group of Seven leaders summit in Canada. But Trump’s first multilateral summit of his second administration comes as Israel and Iran push the Middle East to the precipice of war and many of his G7 allies are under pressure

Soybean oil rallied on the Trump administration’s proposal allowing oil refiners to blend more biofuels into gasoline and diesel next year.

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.