Oil Prices

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. Meanwhile, borrowing rates for Spain and Italy …
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. That’s the lowest level since Oct. 6. Prices have been falling as the world economy slows …
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. The Energy Information Administration report…
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. That’s about 20 p…
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 l…
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. Brent crude dropped 38 cents to $99.09 in London. European countries have agree…
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. Brent crude rose 30 to $99.15 in London. There was a bit of good U.S. [……
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. Brent crude dropped 32 cents to $107.14 in London. President Obama …
Oil Starts Week At Lowest Level In 2012
NEW YORK (AP) — The price of oil has declined to its low for the year on continued doubts about Europe’s ability to pay off massive government debts. Benchmark U.S. crude lost $1.57 to $94.56 per barrel in New York. It dipped to $93.65 per barrel earlier in the day, the lowest since mi…
Oil Prices Fall For Sixth Straight Day
NEW YORK (AP) — The price of oil is lower for a sixth straight day following reports that U.S. crude supplies are at the highest level in 22 years. Benchmark U.S. crude fell 82 cents to $96.19 per barrel in New York, while Brent crude lost 63 cents to $112.10 a barrel in London. Prices [ …

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