NEW YORK (AP) — Retail gasoline prices continued to climb Friday ahead of the Memorial Day weekend and the unofficial start of America’s summer driving season.
The national average pump price increased nearly 3 cents overnight to $2.391 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gasoline prices ticked [...]
By CHRIS KAHN
NEW YORK (AP) — Rapidly climbing energy prices stalled this week as a steady stream of dismal financial news suggested that even if the global economy has bottomed out, it will be some time before demand for crude rebounds.
Benchmark crude for June delivery dropped $2.28 to settle at $56.34 a barrel on the [...]
NEW YORK (AP) — Energy prices wavered after OPEC reported that member states had increased oil production for the first time since July despite a huge glut in supply.
Benchmark crude for June delivery rose 22 cents to $59.07 a barrel Wednesay on the New York Mercantile Exchange. In London, Brent prices dropped 13 cents to [...]
SINGAPORE - Oil prices hovered above US$53 a barrel Monday in Asia as investors looked to U.S. bank stress test results and April unemployment data this week for signs the worst of the recession is over.
Benchmark crude for June delivery was up 22 cents to $53.42 a barrel by late afternoon in Singapore, in electronic [...]
NEW YORK (Dow Jones)–Crude futures traded lower Tuesday amid concerns that the swine flu outbreak would curb oil demand.
Light, sweet crude for June delivery traded traded $1.25, or 2.5%, lower at $48.89 a barrel the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded $1.14 lower at $49.18 a barrel.
Commodities and [...]
SIOUX FALLS, S.D. (AP) — Oil prices dipped to around $50 a barrel Monday as a strong dollar and new reports of swine flu threatened to slow summer travel and sent jitters through global markets.
Benchmark crude for June delivery fell 79 cents to $50.76 on the New York Mercantile Exchange.
Crude prices have defied traditional market [...]
By Robert Tuttle and Grant Smith
March 3 (Bloomberg) — Oil gained, after dropping 10 percent yesterday, on speculation OPEC may take further steps to support prices at its meeting later this month.
The Organization of Petroleum Exporting Countries, implementing its biggest-ever supply cut, will devise a “solution” to boost oil prices when it meets on March [...]
By Joe Brock
LONDON (Reuters) - Oil rose 3 percent toward $39 a barrel on Wednesday, as OPEC kept up talk of production cuts and a cold snap in the United States boosted heating oil demand.
Top exporter Saudi Arabia said on Tuesday it was prepared to go even further than cuts it had made since December [...]
BOSTON – Citgo, the Venezuelan government’s Texas-based oil subsidiary, has suspended shipments of heating oil for poor families in the United States, citing falling oil prices and the world economic crisis, the nonprofit organization that distributes the fuel said Monday.
The controversial program gave fuel from Venezuelan President Hugo Chavez’s government to 200,000 households in 23 [...]
Light, sweet crude for February delivery fell $2.45, or nearly 6 percent, to settle at $39.91 a barrel on the New York Mercantile Exchange.
By the Associated Press
Oil prices tumbled below $40 a barrel Monday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand.
Light, [...]
