Oil prices rise on Fed’s brighter U.S. outlook
Benchmark West Texas Intermediate crude added 57 cents to $104.12 per barrel in New York. More »
U.S. gasoline prices now cheaper than a year ago
Drivers in the Midwest and Great Lakes states are seeing the biggest drop in gasoline prices. More »
Iran talks won’t halt oil sanctions, Societe Generale says
Negotiations to halt Iran’s nuclear-enrichment program will probably fail, setting the stage for full implementation of U.S. and European Union sanctions against the nation’s oil exports, Societe Generale SA (GLE) said. More »
Oil falls on European economy concerns
Benchmark West Texas Intermediate crude gave up 77 cents to end at $103.11 per barrel in New York. More »
Oil near $103 on growth fears, Europe uncertainty
Oil prices fell to near $103 a barrel Monday after surveys showed economic activity in China and Europe continues to contract. Meanwhile, a Dutch government crisis and French election results suggested waning support for austerity policies. More »
Iraq plans to start second offshore crude export facility today
Iraq will begin operating a second offshore mooring facility for crude exports from the Persian Gulf, Dhia Jaafar, director general of Southern Oil Co., said. More »
Oil rises to near $103 amid uneven US recovery
Oil prices rose to near $103 a barrel Friday in Asia amid signs the U.S. economic recovery remains uneven. More »
Iran says tougher EU sanctions will endanger global oil supply
Iranian Oil Minister Rostam Qasemi said further European Union sanctions on his country will affect global “energy supply security” and crude prices, according to a report on the Shana website. More »
Oil hovers below $103 amid signs of weak US demand
Oil prices hovered below $103 a barrel Thursday, after dropping sharply the previous day, when figures showed U.S. crude supplies rose more than expected for a fourth week, a sign demand remains tepid. More »
Oil hovers above $104 after US crude supply jump
Oil prices hovered above $104 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a fourth week, suggesting demand remains weak. More »
Obama wants to target oil market manipulation
Under pressure to take action on rising gasoline prices, President Barack Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions. More »
Oil near $104 after successful Spain debt sale
Oil prices rose to near $104 a barrel today in Asia after strong demand for Spanish debt in a sale of 12- and 18-month notes eased some fears that Europe’s debt crisis could soon flare again. More »
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