Energy Markets

Oil prices climbed on Wednesday as traders weighed the threat of US Gulf production disruptions from an approaching hurricane alongside escalating attacks on Saudi Arabia and rising Middle East crude supplies

IEA chief Fatih Birol says oil prices have begun to fall after a coordinated decision to release 100 million barrels of oil and fuel reserves

The International Energy Agency agreed to release a record 400 million barrels of oil to help rein in prices that have spiked due to supply shocks