Oil Prices

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...
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...
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...
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...
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...
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...
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...
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 $1.31 to $94.45 per barrel in London...
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.S. benchmark selling Friday at just below $85 a barrel...

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