Oil Prices Alter Direction
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After a month-long rally that repeatedly pushed prices to new highs, the cost of a barrel slumped for the fourth day, leaving the price $10 higher than year-ago rate.
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Rising demand, a falling dollar and rosy economic predictions have stoked the price of commodities in the last few years. But times are changing.
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When oil prices rise, public interest in alternative energy often does, too. But the logic is evidently escaping Wall Street.
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OPEC oil producers yesterday said they had already moved to rein in excess supply, a day after doubts over the group&#39;s resolve sent prices into a tailspin.
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Higher crude prices raise gasoline costs, increasing inflation, and lowering crude prices.
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The price of oil slid toward $42 a barrel yesterday despite confusion about the status of Iraqi exports, indicating the market has become less worried about the global balance of supply and demand.
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Oil prices shot up more than $1 a barrel Monday as traders focused on the changing path of Hurricane Ivan, which prompted several large oil and natural gas producers to evacuate rigs in the Gulf of Mexico.
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World oil prices are on the rise, as Hurricane Ivan threatens to disrupt oil flow in the Gulf of Mexico.
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Prices came in surprisingly weak, despite surging oil costs. And since crude is likely to recede, the CPI should now stay flat. You wouldn&#39;t know that crude-oil prices spiked to their highest levels in two
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The price of oil continues sliding downwards, on expectations of warmer weather ahead.
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Oil producing â-pec and non-Opec â -ntries are concerned about the recent heavy fall in the value of dollar, in which international crude oil sales are priced.
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By George Chamberlin , Daily Transcript Financial Correspondent. A big drop in oil prices helped stock prices move higher Wednesday.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stocks were mixed Monday as investors reacted to modestly higher oil prices.
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Crude oil futures surged to within striking range of $50 a barrel yesterday, though traders were split on where the market was headed next.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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Oil prices bounced higher Friday after two days of sharp declines. Prices rose as traders sought to protect themselves in the event of a supply disruption before Monday.
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Top oil-producing countries have blamed the advance of crude prices toward $100 a barrel on financial speculation, geopolitical instability and a shortfall in refining capacity.