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August 18, 2008

Crude Falls Below $113 a Barrel

SAN FRANCISCO --- Crude-oil futures closed below $113 a barrel on Monday, Aug. 18, reflecting the sluggish demand for oil worldwide, MarketWatch reported.

Tags: crude oil futures, oil prices

August 4, 2008

Crude Oil Dips Below $120 a Barrel

NEW YORK --- Crude oil fell below $120 a barrel for the first time since May, after weather reports suggested that Tropical Storm Edouard will miss most offshore oil facilities as it approaches the coast of Texas, Bloomberg reported.

Tags: oil prices, Tropical Storm Edouard

July 28, 2008

Oil Stages Late-Day Rally

NEW YORK --- U.S. crude for September delivery climbed $1.47 to settle at $124.73 a barrel today on the New York Mercantile Exchange, after investors weighed signs of mounting geopolitical tensions in oil-supplying countries.

Tags: oil prices

July 21, 2008

Oil Trades at $130.83 a Barrel

NEW YORK --- During a three-day stretch last week, oil prices tumbled nearly $16, prompting some analysts to question whether the oil bubble had finally burst.

Tags: oil prices

June 30, 2008

Oil Prices Fluctuate Today After Reaching $143 a Barrel

NEW YORK --- The price of crude oil fluctuated Monday, June 30, surging past $143 a barrel for the first time before declining again.

Tags: oil prices

June 23, 2008

Oil Prices Rise Despite Saudi Meeting

NEW YORK --- A Saudi Arabia-hosted emergency energy summit meeting over the weekend, aimed at addressing consumer nations' concerns over skyrocketing oil prices, has failed to provide near-term relief.

Tags: oil prices, Saudi Arabia energy summit

June 16, 2008

Oil Price Nears $140 a Barrel

NEW YORK --- Crude oil futures nearly approached $140 a barrel Monday, June 16, despite Saudi Arabia's promise to boost production, the Associated Press reported.

Tags: oil prices, Saudi Arabia

June 8, 2008

Oil Price Surges to Record High of $138.54

NEW YORK -- The price of crude oil soared to a record high on Friday, June 6, rising $10.75 a barrel to reach $138.54. That's the biggest one-day surge ever.

Tags: oil prices

June 2, 2008

Regulators Investigating Oil Market

WASHINGTON, D.C. --- Federal regulators have launched a probe into whether large institutional funds that have bought up futures contracts for oil and other commodities may have skewed the market and contributed to higher gasoline retail prices, the Los Angeles Times reported.

Tags: Commodity Futures Trading Commission , oil prices

June 2, 2008

Crude Oil Trades at $129.35

NEW YORK --- The price of crude-oil futures climbed as much as $2 a barrel Monday, June 2, as new U.S. manufacturing figures helped ease concerns over slowing demand for oil, MarketWatch reported. News that the hurricane season's first Atlantic storm missed key oil installations in the Gulf of Mexico kept price gains in check.

Tags: oil prices, Strategic Energy & Economic Research

May 29, 2008

Oil Prices Drop to Under $130 a Barrel

NEW YORK --- Oil prices fell Thursday, May 29, after the Energy Department reported major declines in crude inventories -- a result of temporary delays in unloading oil tankers along the Gulf Coast, the Associated Press reported.

Tags: oil prices

May 19, 2008

Bush: Saudi Oil Boost 'Not Enough' to Lower Prices

SHARM el-SHEIKH, Egypt --- President George W. Bush on Saturday, May 17, argued for more domestic oil exploration and refining capacity and called Saudi Arabia's decision to raise oil output 300,000 barrels a day "not enough" to lower U.S. energy prices, Bloomberg reported.

Tags: oil prices

May 12, 2008

Crude Oil Price at $125.28/Barrel

NEW YORK --- Crude oil prices on Monday, May 12, stabilized a little on the New York Mercantile Exchange as the dollar posted gains against the euro and yen, UPI reported.

Tags: gasoline prices, oil prices

May 5, 2008

Oil Passes $120/Barrel on Monday

NEW YORK, N.Y. --- Fleet managers, brace yourselves for more pain at the pump. Though retail gas prices fell more than a cent over the weekend, oil futures on Monday rose to a record of over $120 a barrel.

Tags: gasoline prices, oil prices, OPEC

April 28, 2008

Strike, Unrest in Nigeria Propel Oil Price Surge

NEW YORK --- Crude oil rose to a record price of $119.93 a barrel in New York on Monday, April 28, prompted by reports of a North Sea pipeline shutdown and militant attacks and a strike in Nigeria, Bloomberg reported.

Tags: oil prices

April 21, 2008

Retail Gas Averages $3.50 Monday

NEW YORK --- Retail gas prices reached another new milestone Monday, April 21, averaging $3.50 a gallon, according to AAA and the Oil Price Information Service.

Tags: gasoline prices, oil prices, OPEC

April 14, 2008

Crude Oil Price at $111 a Barrel

SAN FRANCISCO --- Crude-oil futures climbed more than $1 to close above $111 a barrel on Monday, MarketWatch reported.

Tags: oil prices

April 7, 2008

Crude Oil Passes $107 in Today's Trading

NEW YORK --- Crude oil prices climbed on the New York Mercantile Exchange today, despite signs that the dollar is gaining strength, United Press International reported.

Tags: gasoline prices, oil prices

April 1, 2008

Crude Oil Falls Below $100

HOUSTON --- For the first time in a week, crude oil futures traded below $100 a barrel Tuesday, as the dollar gained strength against the euro, the Wall Street Journal reported.

Tags: oil prices

March 31, 2008

Oil Price at $105.90 in Today's Trading

NEW YORK --- Oil prices climbed higher today as weakness in the U.S. dollar offset the news that an oil pipeline in Iraq had been repaired, the Associated Press reported.

Tags: oil prices

March 17, 2008

Oil Price Drops Amid Economic Concerns

NEW YORK --- Amid new economic concerns stirred by the forced sale of Bear Stearns Cos., oil prices fell sharply today.

Tags: oil prices

March 12, 2008

Crude Oil Price Passes $110 Mark

NEW YORK --- Gasoline and oil prices continued their record-setting pace today, with the national average price of regular gasoline at nearly $3.25 a gallon and the price of oil on the futures market surpassing the $110-a-barrel mark.

Tags: gasoline prices, oil prices

March 10, 2008

Crude Oil Price Rises Above $108 a Barrel

NEW YORK --- Crude oil rose above $108 a barrel in New York to a record high, spurred by investors seeking an alternative to slumping financial markets, Bloomberg reported. Oil in New York surged 80 percent over the past year as the S&P 500 and Dow averages dropped.

Tags: oil prices

March 3, 2008

Oil Price Approaches $104 Mark on Monday

NEW YORK — While the dollar weakened to another low against the euro today, oil prices rose to a record high.

Tags: oil prices

February 25, 2008

Oil Price Inches Up to Nearly $100 Again

NEW YORK --- Oil prices once again drifted up near $100 a barrel today, spurred by supply concerns associated with Turkish military actions in northern Iraq as well as increased tensions between Iran and the West over Iran's nuclear program.

Tags: oil prices

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