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Axios Generate

Oil prices plunge after Vance post on Iran war

A line chart that tracks hourly Brent crude oil prices per barrel from Oct. 28 to Nov. 4, 2026. Prices peaked at $116.31 on Oct. 28 and fell to $94.37 on Nov. 4. After holding mostly near $110 to $114, oil slid sharply below $100 late in the period.

Brent crude oil prices

Data: Financial Modeling Prep; Chart: Ben Geman/Axios

Pro Rata

Axios Pro Rata

CVR Energy buying two U.S. refineries for $4.2 billion

Markets

Axios Markets

Crude oil tumbles aren't helping diesel

Correlation breakdown&nbsp;

Data: FactSet; Chart: Axios/Matt Phillips; Note: Daily closes of continuous futures prices for Brent crude oil and New York Harbor Heating Oil #2. 

Macro

Axios Macro

The tricky economics of welcoming data centers

Reaction to elections will be key for markets

A couple months left to go in 2026&nbsp;&nbsp;

Data: FactSet; Chart: Axios/Matt Phillips 

Why energy will have a starring role if Democrats take Congress

Top Rubio adviser for Venezuela and Cuba leaves State Dept.

The oil risk premium shoots up

A line chart that tracks daily Brent crude futures per barrel from Oct. 23, 2025, to Oct. 23, 2026. Prices fell from $65.99 to a low of $58.92 on Dec. 16, 2025, then climbed unevenly to a high of $116.25 at the end, with sharp spikes in March 2026.

Brent crude futures

Data: Financial Modeling Prep; Chart: Emily Peck/Axios

Why soaring prices aren't breaking the diesel habit

Closer

Axios Closer

Airlines' new normal: Higher fares, fewer flights

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