Latest news on ‘Oil & Gas’
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Oil slips to near $104 after US crude supply jump
AP – Oil prices fell to near $104 a barrel Wednesday after a report showed U.S. crude supplies rose more than expected last week, suggesting rising fuel costs may be [...]
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Oil rises more than $2 on military action against Libya
Reuters – Oil jumped by more than $2 on Monday, sending Brent to $116 after western forces launched a military campaign against Libya, raising the stakes in a civil war [...]
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OIL FUTURES: Oil Surges On UN Authorization Of Libya Air Strikes
SYDNEY (Dow Jones)–Crude-oil futures rose above $103/bbl in Asian trading Friday after the United Nations Security Council authorized military strikes on Libya, and U.S. and European officials said air attacks [...]
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Oil Falls to Lowest Level Since November on Fuel Supply, Egypt
Bloomberg – Oil tumbled in New York to the lowest level since November amid an abundance of fuel in the U.S. and as tensions eased in Egypt after the ouster [...]
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Oil surges on offshore drilling report
AP – Oil prices surged Tuesday after a presidential panel investigating the Gulf oil spill said the oil industry and the government need to do more to reduce the chances [...]
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Crude Oil Surges to Highest Year-End Price Since 2007 on Dollar
Bloomberg – Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed.
Crude capped its second consecutive year of gains as [...] -
Local gas prices rising, expect summer hike
The usual end-of-the-year skid in gas prices isn’t happening in 2010.
As a result, it is likely that Phoenix will see an average price of at least $3.30 a gallon by [...] -
Oil hits 2-year high on U.S. stockpile drop, cold
Reuters – Oil prices surged to a 26-month high on Wednesday near $91 a barrel as a third straight weekly drop in U.S. crude inventories and cold weather on both [...]
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Oil edges above $84 amid light holiday trading
AP – Oil prices edged above $84 a barrel Thursday as a rally sparked by improving U.S. and German economic indicators endured amid light holiday trading.
By early afternoon in Europe, [...] -
OIL FUTURES: Crude Rebounds As Ireland Debt Fears Wane
NEW YORK (Dow Jones) – Crude futures settled higher Thursday, bouncing back from four straight days of losses as fears over euro-zone sovereign debt subsided.
Light, sweet crude for December delivery [...]
