Oil prices volatile &#39;for years&#39;
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THE world will be living with volatile oil prices for years to come, US Federal Reserve chairman Alan Greenspan said as crude oil futures touched $US55 a barrel for the first time ever.
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Amid soaring crude oil prices, gasoline costs have been dropping. But don't expect that to last, economists say.
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Oil prices held steady on Thursday  unfazed by a fall in crude supplies in the United States, where  stocks are more than 20 million barrels above levels a year  ago.
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WASHINGTON -- High oil prices, a factor in virtually all US recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy costs pose to what, until recently, many expected to be a banner year for the US economy.
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WASHINGTON - High oil prices, which have been a factor in virtually all U.S. recessions over the past three decades, are surging again this year...
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TALK about an October sur prise. As Senator John Kerry might say, &quot;Who amongst us would have thought a year ago that the price of oil would be above $50 dollars a barrel
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LONDON, Oct 26  - World oil prices will be driven down over the next two years due to there being enough crude to meet soaring demand, Claude Mandil, executive director of the International Energy Agency (IEA), said here Tuesday.
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Oil prices above $50 a barrel â-nd rising â - now starting to adversely affect the economy and consumers in ways that had not been happening only a few months ago.
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The recent fall in crude prices won&#39;t affect policy, say group officials. But the second quarter may be a different story. The early December plunge in oil prices has been dizzying.
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Oilâs $100-a-barrel price flirtation suggests that traders will see more of the escalation in energy markets that marked the final months of 2007.
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Paris - Global oil reserves will remain abundant for several decades despite a surge in energy demand but vulnerable supply routes and reliance on fossil fuels loom as potential risks, the International Energy Agency said Tuesday.
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Prices for oil and natural gas hit records in 2004, and energy mutual funds did almost as well. They were No. 2 for the industry, behind Latin American funds.
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While the recent flurry of record oil prices may be temporary, government analysts said Thursday that $30-a-barrel oil should be expected for decades to come.
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Will today&#39;s careening crude oil prices reprise That &#39;70s Show? Not according to Alan Greenspan. The Federal Reserve chairman said this year&#39;s price climbs will likely have a far gentler impact on the economy
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High oil prices, which have een a factor in virtually all US recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy
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The decline is world oil prices may be over already. Hawaii gasoline prices, moving more slowly than mainland prices, never lost most of the increase registered while crude prices were rising.
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The world&#39;s oil supply is expected to be stretched thin for another two to three years, even as demand tapers off and the industry gears up for an exploration and production spending spree in 2005.