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Oil Prices

Oil Prices

Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Oil Price Falling After Bernanke Comments

NEW YORK (AP) — The price of oil is falling after Fed Chairman Ben Bernanke gave no clues about whether the central bank would take further steps to boost the economy.

Investors had hoped that Bernanke would discuss a new plan Tuesday before congressional panel

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Oil Price Climbs As Norwegian Strike Looms

NEW YORK (AP) — The price of oil is climbing as Norway's North Sea crude production prepares to shut down.

Norway's oil industry, which produces more than 3.8 million barrels of oil and natural gas per day, says platforms will switch off by 8 p

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Oil Drops On More Signs Of Economic Trouble

NEW YORK (AP) — The price of oil is falling on more signs of trouble for the economy.

U.S. employers added just 80,000 jobs in June — a disappointing number that shows the economy is still struggling three years after the recession ended

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David McNew/Getty Images
David McNew/Getty Images
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Oil Price Drops Below $80 For First Time Since Oct.

NEW YORK (AP) — The price of oil has dipped below $80 for the first time since October.

Benchmark U.S. crude, which has been tumbling since May, hit a low of $79.82 per barrel in morning trading

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David McNew/Getty Images
David McNew/Getty Images
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Oil Prices Fall As U.S. Supplies Grow

NEW YORK (AP) — The price of oil is down Wednesday after the government said U.S. supplies unexpectedly grew last week.

Benchmark U.S. crude fell by $1.61 to $82.74 per barrel in New York while Brent crude lost $1

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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OPEC Top Official Sees $110 A Barrel As Fair

VIENNA (AP) — OPEC's secretary general says oil prices could rise by about $25 from their present levels without threatening the world economy.

Crude prices have dropped steeply in recent months with the U

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Rises Ahead Of Key OPEC Meeting

The price of oil is rising ahead of a key OPEC meeting in Vienna.

Benchmark oil increased 64 cents to $83.34 per barrel Tuesday in New York. Brent crude fell 50 cents to $97.50 in London.

When the Organization of Petroleum Exporting Countries meets Thursday, members such as Iran and Venezuela will likely push for a cut in production at a time when demand has weakened and supplies are ample

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David McNew/Getty Images
David McNew/Getty Images
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Oil Prices Fall on Globel Economic Concerns

Oil is dropping after a bailout of Spain's banks has done little to ease doubts about a long-term solution for Europe's financial crisis.

Benchmark oil fell 75 cents to $83.35 per barrel Monday in New York

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Mark Wilson/Getty Images
Mark Wilson/Getty Images
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Oil Rises Slightly With All Eyes On Europe

The price of oil is swinging between small gains and losses as the market waits for Europe's next move in trying to clean up its financial mess.

Benchmark oil rose 17 cents to $84.15 per barrel Tuesday in New York

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Pool/Getty Images
Pool/Getty Images
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Oil Prices Lower Ahead Of G8 Summit

Oil prices are lower ahead of a weekend meeting where leaders of the world's biggest economies will look for ways to help Europe resolve its debt crisis.

Benchmark oil fell 60 cents to $91.96 per barrel on Friday in New York

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