NEW YORK (AFP) – Oil prices rose sharply Monday as the Israeli-Palestinian conflict intensified and major crude producer Iran said OPEC would hold a special meeting next month.
New York’s main contract, light sweet crude for February, shot up 2.47 dollars to close at 48.81 dollars a barrel.
Brent North Sea crude for delivery in February rallied [...]

Investors respond to a weaker dollar, rising stock prices and grim economic reports.
By Ben Rooney, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — The price of oil fell Tuesday, after a big rally in the previous session, as dour economic reports darkened the outlook for already weak demand for oil and gasoline.
A weaker dollar and rising stock [...]

By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]

By Reg Curren
Dec. 29 (Bloomberg) — Natural gas futures gained, following crude higher after oil surged as much as 12 percent on concern that supplies may be disrupted from the Middle East.
Oil for February delivery rose above $42 a barrel on the New York Mercantile Exchange after Israeli air attacks in the Gaza strip. Higher [...]

By Chris Fournier
Dec. 27 (Bloomberg) — Canada’s currency fell as the nation’s gross domestic product shrank and crude oil fell below $38 a barrel, reducing the currency’s appeal.
The loonie lost 0.6 percent this week against its U.S. counterpart after climbing in the previous two weeks. The price of oil, which accounts for a tenth of [...]

WASHINGTON (Reuters) - U.S. drivers are paying the lowest gasoline prices in five years heading into a Christmas holiday week, the government said on Monday.
The national price for regular unleaded gasoline is $1.65 a
gallon, down just over half a cent from the previous week and $1.33 less than a year ago, the federal Energy Information [...]

Oil prices fell further below $40 in Asian trade on Tuesday in a market plagued by weak energy demand, dealers said.
New York’s main futures contract, light sweet crude for delivery in February, shed 77 cents to $39.14 a barrel in morning trade after sliding $2.45 to close at $39.91 on the New York Mercantile Exchange [...]

by The Associated Press
CAMARILLO, Calif. — The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey.
The average price of regular gasoline Friday was $1.66 a gallon, oil industry analyst Trilby Lundberg said. The price of mid-grade [...]

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, [...]

Secretary General of OPEC, said that more than contain oil market is big and strong output cut is needed, sending crude oil prices on world markets in question.
The president of OPEC, but here too, that the unanimous support of the reduction in Organization
Note that speculation that the State of the Organization of Petroleum Exporting Countries [...]