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The session high was more than $80, highest this year so far. U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.9%, to settle at $72.68, paring gains after touching a 2024 high of ...
Oil surged on Friday as tensions in the Red Sea escalated following attacks by the US and its allies against Yemeni sites controlled by Iran-backed Houthi rebels.
A Brief History of the East Texas Oil Field (East Texas Oil Museum) Oil and Texas: A Cultural History (Texas Almanac) Oil Boom (The Depot Museum, Henderson) Spindletop-Gladys City Boomtown Museum; Texas Energy Museum, Beaumont "Santa Rita No. 1 – Big Lake ~ Marker Number: 4587". Texas Historic Sites Atlas. Texas Historical Commission. 1965.
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Trump also mentioned his intent to impose tariffs on Canada and Mexico starting Feb. 1, sparking concerns of a trade war that could impact economic growth and, as a result, oil consumption.
In January and February 1969, in the Santa Barbara Channel, near the city of Santa Barbara, in Southern California. It was the largest oil spill in United States waters at the time, and now ranks third after the 2010 Deepwater Horizon and 1989 Exxon Valdez spills. It remains the largest oil spill to have occurred in the waters off California.
U.S. ports from Maine to Texas are preparing for a potential shutdown in a week, when the union representing 45,000 dockworkers in that region has threatened to strike starting Oct. 1.
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