Oil Prices

Oil Rises On Fed Stimulus Hopes
NEW YORK (AP) — The price of oil is higher Wednesday as traders anticipate the Federal Reserve’s next steps to stimulate the U.S. economy. But a big increase in the nation’s gasoline supply has damped the gains. Benchmark crude rose 53 cents to $86.32 a barrel in morning trading…
Oil Falls As U.S. Prepares To Push Middle East Peace
NEW YORK (AP) — The price of oil is falling a day after reaching its highest point in almost a month as worries about a possible disruption in Middle East crude supplies lessen. Benchmark crude fell 68 cents to $88.60 Tuesday morning. Secretary of State Hillary Rodham Clinton heads to the Mid…
Oil Price Fluctuates Near $85 Ahead Of Election
The price of oil is slightly higher as investors remain cautious ahead of the U.S. presidential election. They’re also assessing how much demand for oil has dropped in the storm-stricken Northeast. Benchmark oil rose 31 cents to $85.16 a barrel on the New York Mercantile Exchange. On Friday, …
Oil Price Drops Near $86 On Global Growth Concerns
NEW YORK (AP) — Oil is falling to three-month lows as big corporations around the globe cut earnings forecasts, raising concerns about economic growth and oil demand. Benchmark oil is down $2.46, or 2.8 percent, to $86.19 in New York. It’s lost about 6 percent in the past three trading…
Oil Slightly Lower On Economic Questions
The price of oil is slightly lower as investors weigh positive U.S. economic news against ongoing concerns about Europe’s debt crisis Benchmark oil dropped 34 cents Tuesday to $92.14 per barrel in New York after falling earlier in the session. A new report says a measure of U.S. home prices j…
Oil Prices Flat Ahead Of ECB Meeting
The price of oil remained little changed Tuesday as traders weighed two opposing forces: Stimulus programs in Europe and the U.S. could free up cash for oil purchases, but oil supplies are plentiful and demand is weak. U.S. benchmark crude rose a penny to $96.48 in early trading in New York. Brent c…
Oil Rises As Isaac Plows Through Gulf
Oil prices are rising as Isaac pushes into the heart of the Gulf’s oil and refinery operations. Benchmark crude gained 41 cents to $95.88 per barrel Tuesday in New York. Forecasters expect Isaac to intensify into a hurricane by the time the storm reaches Louisiana later Tuesday. Nearly 80 per…
Oil Prices Rise On Big Drop In U.S. Supplies
An unexpectedly large drop in U.S. crude oil inventories is driving up the price of oil. Benchmark oil gained 33 cents to $93.75 per barrel Wednesday in New York. Brent crude increased 97 cents to $115 per barrel in London. The Energy Department says crude inventories fell 3.7 million barrels to 366…
Oil Falls On New Signs Of Slowing Global Economy
The price of oil is falling as Japan becomes the latest country to report slower economic growth. Benchmark crude fell 62 cents Monday to $92.25 per barrel in New York. Japan says its economy grew less than expected in the second quarter in part because of less demand for its exports in Europe. Cons…
Oil Price Climbs Above $90 On Stronger U.S. Demand
NEW YORK (AP) — The price of oil climbed above $90 per barrel for the first time since May after the government said U.S. oil demand is on the rise. The Energy Information Administration reported Wednesday that average oil demand increased last week in the U.S. for the third week in a row. Oi…

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