NEW YORK — Oil prices slipped below $97 per barrel Friday at the end of a volatile week that mixed jitters about Europe's debt with the prospect of tighter oil supplies and improving economic conditions in the U.S.
By early afternoon, benchmark (...)
NEW YORK (AP) — Oil prices climbed to near $100 per barrel Tuesday following a series of positive reports about the U.S. economy.
In midday trading benchmark crude rose 36 cents to $98.50 per barrel in New York. Crude jumped as high as $99.34 at (...)
NEW YORK — The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession.
On Friday benchmark crude rose $1.21 to end the day at $98.99 per (...)
NEW YORK — Oil prices dropped Friday as investors acknowledged that Europe needs to tighten its belt for years to work through a credit crisis and factory production stalled in Japan.
Benchmark crude fell 64 cents to end the day at $93.32 per (...)
econ
NEW YORK — Oil prices rose slightly Friday and have come back from a 12-month low earlier this week.
Friday's rise followed encouraging news about the economy in the U.S., which is the world's largest oil consumer. The nation added jobs (...)
NEW YORK (AP) — Oil rose Thursday as Europe's central bank tried to strengthen the region's financial system.
Benchmark crude rose 79 cents to $80.47 per barrel by midday in New York, while Brent crude rose 21 cents to $102.94 in London.
Oil (...)
NEW YORK — Oil prices are back to where they were a year ago.
On Friday benchmark crude dropped $2.94, or 3.6 percent, to end the day at $79.20 per barrel in New York. Prices haven't finished that low since Sept. 29, 2010. Since then crude peaked (...)
NEW YORK — Oil rose to $89 per barrel on the expectation that supplies will be tighter in the wake of Hurricane Irene.
The storm forced several refineries and petroleum terminals to reduce production or shut down altogether. East Coast markets (...)
NEW YORK — International oil prices finished the day slightly higher because of uncertainty about global supplies.
Dictator Moammar Gadhafi may be on his way out, but it's far from clear when Libya's oil will be back on the market. That's pushing (...)
NEW YORK — If the U.S. defaults on its debt, it would send shockwaves through oil markets that could push fuel prices higher, analysts said Monday.
Experts disagree about how much oil prices will respond if lawmakers fail to raise the nation's (...)
NEW YORK — Oil reversed direction again Tuesday, rising 2 percent as traders took their cues from the dollar and stock markets.
Crude oil is used to produce gasoline and other fuels, and it's also a major investment commodity. Prices can swing (...)
NEW YORK — There are a few certainties when it comes to predicting oil prices. One of them is that the world will use more oil in coming years.
The question, analysts say, is whether major oil producers like Saudi Arabia, Canada, Venezuela and (...)
NEW YORK (AP) — Oil tumbled more than 2 percent Friday, giving up most of its gains for the week after the latest government data showed hiring in the U.S. is at a virtual standstill.
The Labor Department said that employers added the fewest jobs (...)
NEW YORK (AP) — The sway that non-OPEC governments had over oil and gasoline prices petered out in less than a week.
Benchmark crude hit $95.21 per barrel Wednesday afternoon on the New York Mercantile Exchange. That's $2.32 higher than the (...)
NEW YORK (AP) — Oil dropped to about $93 per barrel for the first time since February as the European financial crisis kept investors on edge about the international banking industry and the prospects for global economic growth this (...)
Oil is rising after the government reported that U.S. stockpiles of crude dropped more than expected last week, while wholesale gasoline demand increased.
Benchmark West Texas Intermediate crude for July delivery gained 40 cents to $99.77 per (...)
NEW YORK (AP) — Saudi Arabia is still the boss when it comes to oil.
The world's biggest oil exporter plans to increase production to 10 million barrels per day, the highest level in 30 years, according to a Saudi Arabian newspaper.
Analysts (...)
NEW YORK (AP) — Oil seems to be stuck at $100 per barrel. Despite a gloomy unemployment report, benchmark West Texas Intermediate crude on Friday settled just about where it began the day: down 18 cents at $100.22 per barrel. Oil has hovered around (...)
NEW YORK (AP) — Oil inched up Friday in light trading before the Memorial Day weekend.
Benchmark crude for July delivery added 36 cents to settle at $100.59 per barrel on the New York Mercantile Exchange. In London, Brent crude fell 2 cents to (...)
NEW YORK (AP): Oil rose on Friday, boosted by a Labor Department report that showed surprising job growth in April.
Gas pump prices fell for the first time in 45 days following Thursday's big drop in oil and gasoline futures. The national average (...)