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Category: Crude Oil Prices

Oil rises on bullish U.S. manufacturing data

Benchmark U.S. crude increased Monday by $2.21 to $105.23 per barrel in New York.  More »

Iraq march crude exports rise to highest since 1980

Iraq’s crude oil exports in March rose to the highest level since 1980, a year after former President Saddam Hussein came to power, an Oil Ministry spokesman said.  More »

Oil near $103 amid signs China economy robust

Oil prices hovered near $103 a barrel Monday in Asia amid signs China’s economic growth remains strong.  More »

Could gasoline prices level off in April?

Analysts think pump prices will top $4 a gallon nationally within the next couple of weeks, perhaps sooner. Then they could start to fall.  More »

Oil rises above $103 after hitting 6-week low

Oil prices dwelled near six-week lows Friday in Asia amid signs Western powers plan to release strategic crude reserves soon.  More »

Natural gas price drops to a 10-year low

Natural gas prices tumbled Thursday after a surprising jump in U.S. supplies.  More »

Senate fails to advance repeal of major oil firms’ incentives

The Senate on Thursday failed to advance a measure that would repeal tax incentives for the nation’s biggest companies and use the money to pay for extending clean-energy tax credits.  More »

Obama urges Senate to approve repeal of oil tax incentives

President Obama made a firm call Thursday for the Senate to approve a measure repealing some of the oil and gas industry’s tax incentives, just ahead of a high-profile vote in the upper chamber.  More »

Oil near $105 amid possible reserves release

Oil hovered above $105 a barrel today in Asia, capped by the possible release of crude reserves by Western nations.  More »

Oil falls on reserve release talk, U.S. supply data

Benchmark U.S. crude fell by $1.92 to end at $105.41 per barrel in New York.  More »

Poll: Most don’t blame Obama on gas prices but do fault his response

Most Americans don’t credit President Obama with causing higher gasoline prices, but they do disapprove of how he’s responding to them, according to a new Reuters/Ipsos poll.  More »

Obama officials rip into GOP gasoline bills

Obama administration officials ripped into GOP proposals to tie Strategic Petroleum Reserve releases to increases in federal oil and gas land leases and require additional analyses of the economic impacts of several oil- and gasoline-related environmental regulations.  More »