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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.
Read More →NEW YORK --- Oil prices rose above $145 a barrel on Monday, July 14.
Read More →NEW YORK --- The price of crude oil fluctuated Monday, June 30, surging past $143 a barrel for the first time before declining again.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
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