The Brent-WTI crude oil spread has widened to an 11-year high of roughly $18 per barrel as Middle East supply disruptions expose a deepening split between global and U.S. crude markets.

Brent crude oil prices shot up as the US and Israeli war against Iran disrupted oil supplies in the Middle East. CNN’s Word of the Week asks: How did the benchmark barrel of oil get the name “Brent”?

Brent crude backwardation has steepened, reflecting market anticipation of a prolonged supply disruption. Click here to read what investors need to know.

Oil prices eased during early trading on Tuesday after gaining in the previous session as investors assessed new deadlines set by the Trump administration regarding tariffs. Benchmark Brent crude fell ...

Earlier this week, Brent crude slipped below $60 per barrel, and West Texas Intermediate dipped to $55, under the combined weight of a projected supply overhang and media reports claiming the United ...

Traders are continuing to monitor developments in the Middle East. Overnight, Trump hinted that an end to the conflict was not imminent.

Oil-market gyrations continued Thursday as hopes of a quick reopening of the Strait of Hormuz dimmed. Brent-crude futures ...

Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war, traders said ...

Oil markets are heavily oversupplied, with floating storage at its highest since 2020, keeping Brent near $60 and muting price reactions to geopolitical shocks. Sanctions and tanker seizures involving ...