The growing role of the U.S. as a major energy producer is changing the dynamic of the energy market. U.S. oil production continues to accelerate at a surprising rate, and the government now predicts the U.S. industry could pump 14 percent more oil this year alone
Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East. By early afternoon in Europe, benchmark oil for November delivery was up 75 cents to $90.80 a barrel
Brent crude rose more than 3 percent on Tuesday, topping $100 a barrel as rising tensions over Iran’s nuclear program sparked oil’s second rally in three sessions after a second-quarter slide.