prices

Oil Rises On New Hope Of ‘Fiscal Cliff’ Resolution
NEW YORK (AP) — The price of oil is rising Monday as political leaders in Washington appear closer to a resolution in critical budget negotiations. Benchmark crude rose 73 cents to $87.46 around 10:30 a.m. in New York. Seeking to break an impasse in budget talks, House Speaker John Boehner ha…
UN: World Food Prices Drop
ROME (AP) — A United Nations agency says prices of basic foods fell by 1.5 percent last month, with the international prices of all commodities except dairy products dropping. The Rome-based Food and Agriculture Organization said Thursday that the decline puts the value of its November index …
Oil Rises As Refineries Move To Full Operations
The price of oil is higher as East Coast refineries work to restore full operations. Benchmark crude rose 93 cents to $86.61 per barrel Wednesday as the New York Mercantile Exchange reopened its trading floor. Oil and other commodities have been trading electronically for two days after a massive st…
Oil Drops On Questions About Europe’s Crisis
The price of oil is dropping as protests in Greece and Spain offer visible reminders that Europe is still struggling to resolve its debt crisis. Benchmark oil fell $1.54 to $89.83 per barrel Wednesday in New York. The protests are occurring ahead of spending cuts and tax hikes designed to help those…
Oil Rises As Consumer Confidence Hits 7-Month High
  The price of oil is rising on news that U.S. consumer confidence is at the highest level since February. Benchmark oil gained 92 cents to $92.85 per barrel Tuesday in New York. The Conference Board’s latest survey shows Americans are more optimistic about the availability of jobs and t…
Pump Prices Fall; Oil Prices Up Slightly
The average price for gas dropped about 4 cents since last Friday, the biggest weekly decline in about three months. Analysts say motorists should see further declines through autumn. But they warn that the decreases will happen slowly because of ongoing supply issues in some regions of the country.…
Oil Steadies Around $92 After 3-Day Slide
The price of oil is steady around $92 a barrel Thursday after three days of losses. But weak economic data from Europe, China and Japan are reinforcing expectations of lower oil demand. In morning trading, U.S. benchmark oil rose 2 cents to $92 in New York. In London, Brent crude was up 89 cents to …
Oil Climbs Above $99; Gasoline At Ave. $3.86
NEW YORK (AP) — The price of oil is rising Monday, adding to a big gain last week after the U.S. Federal Reserve announced new steps to boost the U.S. economy. Benchmark crude gained 44 cents to $99.44 in early trading on the New York Mercantile Exchange. Oil ended 2.7 percent higher last wee…
Oil Gains, U.S. Reports Big Drops In Supplies
The price of oil is higher after the government reported a bigger than expected drop in crude inventories. Benchmark crude rose 50 cents to $94.17 per barrel Wednesday in New York. Brent crude gained $1.03 to $113.03 per barrel in London. The Energy Department says oil inventories fell 3.7 million b…

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