Forecasters See No Repeat of 80s Oil Bust
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A team of market forecasters that  correctly predicted the oil bust of the 1980s thinks history  will not repeat itself, at least for now.
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Oil jumped $1 past $75 a barrel on Tuesday as a top U.S. hurricane forecaster called for a busy end to the Atlantic storm season, raising concerns over potential oil and gas disruptions.
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Uncertainty ahead of the U.S.  presidential election is playing some role in high oil prices,  but don't expect a big energy sell-off after the ballots are  counted, oil experts said on Tuesday.
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WASHINGTON - This year's surge in energy prices is likely to have far less of an impact on the economy than the oil shocks of the 1970s, Federal Reserve Chairman Alan Greenspan said Friday.    Greenspan predicted that the global economy will adjust to the recent surge in prices, which has seen oil topping $50 per barrel, by boosting energy exploration and production and by increasing fuel efficiency...
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Oil jumped $1 past $75 a barrel on  Tuesday as a top U.S. hurricane forecaster called for a busy  end to the Atlantic storm season, raising concerns over  potential oil and gas disruptions.
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Oil prices fall despite concerns about Iran's nuclear ambitions, as a storm looks set to leave US oil installations untouched.
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Crude oil was little changed after rallying more than 2 percent yesterday when US President George W. Bush&#39;s re-election signaled the government probably will continue its policy of buying oil for a national reserve.
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Oil prices remain around the $82-a-barrel mark, over fears a storm may develop in the Gulf of Mexico.
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Crude oil in New York was little changed after falling yesterday for the first time in four sessions as forecast mild weather and rising inventories eased concern that demand would outpace supplies of heating oil in winter.
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Oil futures clung to a narrow range Tuesday as the market braced for an expected Arctic blast in the United States that could drive up heating oil prices, while traders fretted over potential supply disruptions in Saudi Arabia, Russia and Iraq.
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Experts are divided on the next move for crude futures, and even on the factors that influence them. NEW YORK  - The biggest two-day slide in oil prices since 1991 may have brightened faces on Wall
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BEIJING, Dec. 30 -- Crude oil rose for a second day after forecasters said weather next week in the US Northeast, where 80 per cent of the country&#39;s home heating oil is used, may be colder than predicted.
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Although the recent flurry of record oil prices might be temporary, government analysts said Thursday that $30-a-barrel oil should be expected for decades to come.
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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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Investors are expected to focus on oil  prices and corporate earnings outlooks this week, and the  slightest warning about company revenues could weigh on stocks.
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Singapore - Oil futures clung to a narrow range yesterday as the market braced for an expected Arctic blast in the US that could drive up heating oil prices, while traders fretted over potential supply disruptions in Saudi Arabia, Russia and Iraq.
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Top forecasters predict normal to  colder-than-normal weather for the U.S. Northeast this winter,  but high fuel stockpiles may buffer consumers in the world's  biggest heating oil region from price spikes.