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, [...]

SINGAPORE (Reuters) – Oil slipped back to below $54 a barrel on Tuesday, chipping away at a near 10 percent rally after a rebound in equity markets and expectations of another OPEC cut helped the market to its biggest two-day gain in two months.
Oil prices leapt by 9.1 percent on Monday after Washington agreed to [...]

Oil prices have been dropping and could go as low as $45 per barrel next year, according to some projections.
That could ease the inflation burden on economically hammered consumers and businesses and help further retreat gasoline prices, which spiked above $4 per gallon this summer.
Dennis Hoffman, an economist at the Arizona State University’s W.P. Carey [...]

By The Canadian Press - For Business Edge
It will cost most Canadians about 10 per cent more to heat their homes this winter than it did last year, despite the fact that natural gas prices have been low recently, the head of the Canadian Gas Association says.
Michael Cleland said the reason for the increase is [...]

By ALEX KENNEDY
INGAPORE (AP) — Oil prices rose above $83 a barrel on Tuesday in Asia as panic selling over a global financial crisis eased after the U.S. and Europe pledged to pump capital into ailing banks.
Light, sweet crude for November delivery was up $2.02 to $83.21 a barrel in electronic trading on the New [...]

By Grant Smith and Christian Schmollinger
Oct. 14 (Bloomberg) — Crude oil rose in New York, heading for its biggest two-day gain in three weeks, on speculation the U.S. government will invest $125 billion in nine banks, helping to stave off a global recession.
Oil followed stock markets higher after people briefed on the package said [...]

United States - By Tom Doggett
WASHINGTON (Reuters) - As the U.S. heating season gets underway, the average price that homeowners paid for heating oil was $3.67 per gallon this week, the government said Wednesday.
The nationwide heating oil price is 90 cents higher than a year ago, according the federal Energy Information Administration’s weekly [...]

Futures lose traction on inventory report, overlooking weakness in crude and gasoline stockpiles.
By Catherine Clifford, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — Oil prices reversed direction Wednesday after a government report showing weaker year-over-year demand overpowered record-low gasoline supplies and refinery utilization.
In addition, the oil market has been waiting to hear the fate of a proposed [...]

Gregory Meyer
CRUDE oil futures leaped more than $US6 a barrel yesterday shaking off recent weakness after US stockpiles slumped.
Light, sweet crude for October delivery settled up $US6.01 or 6.6 per cent, at $97.16 a barrel on the New York Mercantile Exchange.
November Brent crude on the ICE futures exchange finished up at $US5.62, or 6.3 per [...]