CLIFFORD KRAUSS

The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.

Oil is under $90 a barrel, and consumers are benefiting. Geopolitics, the economy and unforeseen events will determine whether the relief will last.

Oil prices have been slipping over the last two weeks, but the drop has accelerated in recent days.

As summer trips beckon, some are traveling less, at least by car. And those candy bars at the convenience store may find fewer takers.

The president’s trip to Saudi Arabia is unlikely to reduce oil and gasoline prices, and it is not clear that anything else he might do...

The effort could hurt Russia but could also help drive up already high oil prices, hurting the global economy and enriching energy companies.

A gallon has jumped by about 50 cents over the last month as Russia’s war in Ukraine has continued to unsettle the global energy market.

The average gallon of regular fuel reached $4.37. But West Texas crude fell below $100, a decline of roughly 10 percent since the weekend.

Climate concerns, investor reticence and political disputes complicate a shift to supplies from the United States, North Africa and the Mediterranean.

American energy production has only inched up because executives fear that oil and gas prices won’t stay high.