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Oil Prices

Oil Prices

Julien M. Hekimian
Julien M. Hekimian
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November Trade Deficit Hits $47.8 Billion

WASHINGTON (AP) — The U.S. trade deficit widened in November for the first time in five months, largely because of a spike in the price of imported oil.

Still, exports fell for a second straight month, a sign that Europe's slowdown has begun to affect the U

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David McNew/Getty Images
David McNew/Getty Images
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Benchmark Oil Price Rises Above $102 Per Barrel

NEW YORK (AP) — Oil prices climbed Tuesday on expectations that China's economy — and its appetite for petroleum — will continue to grow in 2012.

Benchmark crude rose by $1.51 to $102.82 per barrel in New York

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David McNew/Getty Images
David McNew/Getty Images
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Oil Begins 2012 With A Bang, Prices Up 4%

NEW YORK (AP) — Oil prices are soaring as tensions grow over key Persian Gulf oil shipments.

In Tuesday morning trading benchmark crude jumped $3.86, nearly 4 percent, to $102.69 per barrel in New York

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David McNew/Getty Images
David McNew/Getty Images
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Oil Price To End 2011 Near $100 A Barrel

NEW YORK (AP) — The price of oil will finish 2011 about 8 percent higher, after concerns about tighter global supplies dominated energy markets throughout the year.

Benchmark crude, which on Friday fell 30 cents to $99

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Oil Price Falls To $99 Per Barrel

NEW YORK (AP) — Oil prices fell Thursday after the government reported that the nation's crude supplies grew unexpectedly last week.

Benchmark U.S. crude fell by 36 cents to $99 per barrel in New York

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Oil Price Above $101 On Rising Consumer Confidence

The price of oil climbed above $101 a barrel in light holiday trading on growing consumer confidence and prospects for stronger demand.

Benchmark crude rose $1.52 on Tuesday to $101.19 per barrel in New York

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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Oil Prices Jump More Than 3 Percent

NEW YORK (AP) — Oil prices are soaring on promising economic news out of Europe and the U.S.

Benchmark crude on Tuesday rose $3.47, or 3.7 percent, to $97.52 per barrel in New York. Brent crude rose $3

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David McNew/Getty Images
David McNew/Getty Images
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Oil Prices Waver As EU Closes In On New Treaty

NEW YORK (AP) — Oil prices wavered between small gains and losses Friday as the European Union moved closer to a plan that promises to fix the eurozone debt crisis.

Benchmark crude rose 15 cents to $98

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Joe Raedle/Getty Images
Joe Raedle/Getty Images
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Oil Price Drop To Below $100 A Barrel

NEW YORK (AP) — Oil prices are falling after a four-day surge, as traders await a key U.S. jobs report.

Benchmark crude fell 85 to $99.51 per barrel on Thursday in New York. Brent crude fell $1

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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Oil Prices Drop Below $98 Per Barrel

NEW YORK (AP) — The price of oil dropped below $98 per barrel Monday as investors continued to worry about Europe's debt problems.

Benchmark crude fell $1.45 to $97.54 per barrel in New York, while Brent crude, used to price many international varieties, lost $2

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