Election Plays Small Role in Surging Oil Prices
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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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Indicators like high oil prices and the slumping stock market have voters concerned.
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Oil prices fell sharply on Monday on speculation that a US election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year&#39;s record-breaking rally.
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U.S. retail gasoline prices rose close to &#36;2 a gallon on Friday, near their record, intensifying the spotlight on sizzling energy costs ahead of the presidential election.
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OPEC, pumping oil at the fastest pace in 25 years, has little ammunition left to reduce near- record prices at a meeting this week, and some analysts are forecasting crude above $40 a barrel for the rest of the year.
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Hybrids didn't keep up with the rest of the auto industry's offerings in the weeks before the November election, but resurgent fuel prices should keep the gas-electric cars popular. In Autopia.
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The higher inflation rate was the result of a surge in oil prices early this year. Oil prices have since leveled off, allowing the inflation rate to return to more modest levels.
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With the US presidential elections approaching, world oil prices appear to be going down. New York&#39;s main contract, light sweet crude for delivery in December, fell 26 cents to 49.
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Oil prices extended their bounce from three-week lows on Monday, climbing back above $52 amid jitters over thin global winter fuel stocks and this week&#39;s presidential election.
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Oil prices bounced back on Friday, ending this week&#39;s 8 per cent slide on renewed winter supply fears and jitters ahead of next week&#39;s US presidential election.
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Investors spent much of 2004 fretting over rising interest rates, surging oil prices and the presidential election. Analysts were more optimistic.
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VIENNA: Oilâs record price surge has thrust the Organisation of Petroleum Exporting Countries (Opec) into the political spotlight more than any time since the 1970s.
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Crude oil rose, erasing a 2 percent loss, after Senator John Kerry conceded the US presidential race to George W. Bush. The re-election of Bush means the US is likely to keep adding oil to its Strategic Petroleum Reserve.
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NEW YORK: Oil dropped below $50 a barrel last night to the lowest price in more than a month, extending a $6 slide from recent peaks as the US presidential election got underway.
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Both major candidates for president want the country to be less dependent on foreign oil. But whoever is elected will face many of the same challenges that defeated
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Don&#39;t hold your breath for big change, the election will make little difference to American wallets. By David R. Francis. Economics takes a beating in the political season.
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Oil prices edged further below &#36;49 a barrel on Tuesday as the frigid U.S. Northeast looked ahead to warmer conditions and some traders moved to the sidelines ahead of Iraqi elections and an OPEC meeting.