So oil prices are modestly higher despite Secretary Besson saying the US may unsanction Iranian oil that's on the water. Brent now holding right around 10986. Now President Trump has frequently said the US is the world's largest oil producer, but there is little indication we'll see a meaningful uptick in production for two reasons.The first is the shape of the curve. Prices farther out have moved higher, but WTI for January delivery is around $77. That's about $20 below where the front month is currently s ...

The war with Iran has sent oil prices higher for two primary reasons: a near shutdown of the Strait of Hormuz and a slowdown in oil production in the Middle East.CNN's David Goldman explains why Americans may not be seeing lower prices for quite some time.Read more: https://t.co/658kjV2EBl ...

A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years. https://t.co/fMaSooJufu https://t.co/sXzU9thqGy ...