The strongest action was in the oil market, where the price of a barrel of benchmark U.S. crude jumped 7.4% to $73.08. Brent crude, the international standard, rose 7.2% to $74.34 for a barrel.

Last year, India leapfrogged China to become the biggest buyer of Russian oil, purchasing up to 2 million barrels of ...

NEW YORK (Reuters) -A U.S. attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of ...

Oil futures spiked higher and remained off five-week lows Wednesday morning after President Donald Trump jacked up tariffs on U.S. imports from India to 50% citing the country's continued purchases of ...