Oil surged more than $6 on Thursday to touch $122 a barrel, on a falling dollar and rising concerns about global supply.
Gas prices continued their month-long slide Thursday, bringing the total decline in 35 straight days of decline to more than 41 cents a gallon, according to a daily survey of gas station credit card swipes.
Oil prices rose Thursday above $118 a barrel as investors mulled a fall in U.S. gasoline inventories and a possible output tightening by OPEC at its next meeting in September.
Rallying financial and energy stocks pushed Wall Street higher Wednesday, after a choppy session dictated by fluctuating oil prices and fears that Fannie Mae and Freddie Mac are on the brink of a government takeover.
Oil prices settled higher on Wednesday after a volatile trading day.
Gasoline prices have fallen nearly 40 cents a gallon from their record highs after 34 straight days of declines, according to a daily survey released Wednesday.
Oil prices were higher on Wednesday as investors awaited a weekly crude inventory report for evidence an economic slowdown in the United States is cutting consumer demand for oil products such as gasoline.
Oil prices rebounded Tuesday, jumping back above $114 barrel after the dollar weakened against the euro and a rally in heating oil pulled new buyers into energy markets
Oil prices briefly dropped below $112 a barrel on Tuesday, extending the previous session's decline as Tropical Storm Fay avoided oil-producing infrastructure in the Gulf of Mexico.
Oil prices dropped below $112 a barrel Tuesday in Asia, extending an overnight decline as Tropical Storm Fay avoided oil-producing infrastructure in the Gulf of Mexico.
Oil surged more than $6 on Thursday to touch $122 a barrel, on a falling dollar and rising concerns about global supply.
Gas prices continued their month-long slide Thursday, bringing the total decline in 35 straight days of decline to more than 41 cents a gallon, according to a daily survey of gas station credit card swipes.
Oil prices rose Thursday above $118 a barrel as investors mulled a fall in U.S. gasoline inventories and a possible output tightening by OPEC at its next meeting in September.
Rallying financial and energy stocks pushed Wall Street higher Wednesday, after a choppy session dictated by fluctuating oil prices and fears that Fannie Mae and Freddie Mac are on the brink of a government takeover.
Oil prices settled higher on Wednesday after a volatile trading day.
Gasoline prices have fallen nearly 40 cents a gallon from their record highs after 34 straight days of declines, according to a daily survey released Wednesday.
Oil prices were higher on Wednesday as investors awaited a weekly crude inventory report for evidence an economic slowdown in the United States is cutting consumer demand for oil products such as gasoline.
Oil prices rebounded Tuesday, jumping back above $114 barrel after the dollar weakened against the euro and a rally in heating oil pulled new buyers into energy markets
Oil prices briefly dropped below $112 a barrel on Tuesday, extending the previous session's decline as Tropical Storm Fay avoided oil-producing infrastructure in the Gulf of Mexico.
Oil prices dropped below $112 a barrel Tuesday in Asia, extending an overnight decline as Tropical Storm Fay avoided oil-producing infrastructure in the Gulf of Mexico.
Crude prices settled below $113 a barrel for the first time in over three months Monday as Tropical Storm Fay steered clear of oil-producing infrastructure in the Gulf of Mexico.
Oil prices lost nearly $1 Monday, finishing at its lowest point in more than 3-1/2 months, as concerns about falling demand outweighed a weaker dollar.
Gas prices are expected to keep up their record rise this spring, soaring well past $4 a gallon in some areas. Now Congress wants to know what to do about it.
Oil prices rose Monday in Asia on concerns that Tropical Storm Fay may disrupt oil operations in the Gulf of Mexico.
Oil has fallen to its lowest price in three months, briefly touching the $111 level after the dollar has muscled higher and OPEC has predicted the world's thirst for fuel next year will fall to its lowest point since 2002.
Oil prices fell to the $111 level Friday, reaching their lowest point in more than three months after the dollar muscled higher and OPEC predicted world demand for energy will keep falling.
Oil fell to its lowest price in three months Friday, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world's thirst for fuel next year will fall to its lowest point since 2002
Oil prices dropped below $114 a barrel Friday in Asia as investors speculated slowing economic growth in the world's largest economies will continue to undermining global crude demand.
Prices soared in July on the back of record oil. Now, after witnessing the sharp drop in the cost of crude, Americans are hoping for relief in August. They may be sorely disappointed.
Oil prices retreated Thursday, reversing earlier gains, on worries that a weakening U.S. economy could cripple demand.
Oil prices could be lower than previously expected next year, but the outlook for home heating oil and natural gas signals more pain this winter, according to a government report released Tuesday.
Oil prices rose for a second day Thursday in Asia, approaching $117 a barrel after U.S. gasoline supplies fell more than expected in a weekly government report.
Oil prices rebounded Wednesday, jumping back to $116 a barrel after the government reported a bigger-than-expected drop in U.S. gasoline supplies. But more signs of dwindling U.S. demand cast doubt on the rally's longevity.
Oil prices soared Wednesday after the government reported a surprisingly sharp decline in the nation's petroleum inventories.
Oil prices rebounded Wednesday, jumping back to $116 a barrel after the government reported a bigger-than-expected drop in U.S. gasoline supplies
Traders bid oil moderately higher Wednesday ahead of weekly U.S. crude inventory data expected to show a slight increase in oil supplies
Traders bid oil moderately higher Wednesday amid mixed signals on the strength of the U.S. dollar and ahead of weekly U.S. crude inventory data expected to show a slight increase in oil supplies.
Oil prices declined Tuesday as investors wrestled with ongoing concerns about falling global demand and worries about supply disruption in Eastern Europe.
Oil prices will remain high despite their recent drop and are weighing on demand, especially in developed countries, the International Energy Agency said Tuesday.
Oil prices fell Tuesday in Asia to a three-month low as a stronger dollar and weakening crude demand from China weighed on investor sentiment.
Stocks cut their gains Monday afternoon, but the broader market remained in positive territory as lower oil prices reassured investors for the second session in a row.
Oil prices fell Monday after Iran called for renewed nuclear talks and China reported a decline in crude imports, countering threats to supplies in Eastern Europe from the Georgia-Russia conflict.
Retail gasoline prices fell for the 25th day in a row, a survey of gas station credit card swipes showed Monday.
Oil prices rebounded Monday in Asia to near $117 a barrel on concerns a widening conflict between Russia and Georgia over a breakaway province could disrupt supplies in the region.
Stocks soared Friday, with the Dow industrials spiking more than 300 points, as oil prices slumped almost $5 a barrel to three-month lows and the dollar rallied against other major currencies.
Airline stocks went sky-high on Friday, as oil prices - the industry's nemesis - plunged to three-month lows.
Oil prices resumed their descent Friday, dropping below $117 a barrel as a strengthening dollar and expectations of slowing demand offset supply concerns over a sabotaged pipeline in Turkey
Oil prices dropped to near $119 a barrel Friday in Asia as a strengthening dollar and worries about economic growth offset supply concerns over Turkish pipeline sabotage that was claimed by Kurdish rebels.
Oil prices jumped back above $120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for a fire at key Turkish pipeline that supplies Western countries.
Oil bounced off a three-month low Thursday to settle higher for the first time this week amid renewed concerns about supply from the Middle East.
Oil prices jumped back above $120 a barrel Thursday, rising for the first time in four days after Kurdish rebels reportedly admitted causing a fire at an oil pipeline in Turkey
Oil prices rose Thursday in Asia to near $120 a barrel, halting a four-week slide on concerns that tension over Iran's nuclear program could lead to conflict.
Oil ended Wednesday at the lowest price in more than three months as investors digested a surprise jump in crude stockpiles and continued weakness in demand for gasoline.
Looking for a way to profit from falling oil prices?
Oil prices were little changed near $119 a barrel Wednesday ahead of a key government report on U.S. energy stockpiles that could offer further proof of declining demand
Oil prices were steady near $119 a barrel Wednesday in Asia as investors awaited weekly oil and gasoline inventory data for further evidence of declining crude demand in the U.S.
Oil traders sent crude prices tumbling as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline
Stocks surged to one of the year's biggest gains Tuesday, as oil prices fell sharply and investors appeared to take solace in the Federal Reserve's assessment of the nation's economy.
Oil prices sank as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline and other petroleum products.
Oil prices fell to near $119 a barrel Tuesday - the lowest settle price in more than three months - after the Federal Reserve held its key interest rate at 2%.
Oil prices fell to $119 a barrel Tuesday in Asia on expectations the economic downturn in the U.S. will erode consumer demand for crude products.
Oil prices plunged in a massive sell-off Monday, briefly falling below $120 a barrel for the first time since early May after Tropical Storm Edouard appeared unlikely to threaten oil and natural gas facilities in the Gulf of Mexico.
Oil prices sank to a near 3-month low Monday as a tropical storm in the Gulf of Mexico turned to miss oil facilities. Talk of political compromise on further off-shore drilling also weighed on crude prices.
Oil prices were down near $124 a barrel but the market remained watchful of a tropical storm which could affect oil facilities
Oil prices were steady near $125 a barrel Monday as the market kept on eye on a tropical storm that could affect oil facilities in the Gulf of Mexico. Concerns that a showdown over Iran's nuclear program could threaten crude supplies out of the Middle East also buoyed up prices.
Crude prices edged up Friday as investors mulled a mixed report on the nation's labor market and renewed tension between Iran and Israel.
Oil prices spiked nearly $4 a barrel Friday as July payroll cuts in the United States were smaller than economists expected.
British Airways reported a huge fall in its first quarter earnings on Friday, as chief executive Willie Walsh said a combination of soaring oil prices and a global economic slowdown presented "the worst trading environment the industry has ever faced."
Americans see big oil companies and overseas oil producers as the top culprits responsible for high gas prices, according to a poll released Thursday.
The battered U.S. economy brought an oil rally to a halt Thursday, overshadowing a falling dollar and supply concerns.
Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
Oil prices turned lower Thursday in Asia after crude jumped more than $4 overnight as Iran vowed to continue its nuclear program and a U.S. agency reported America's gasoline stocks unexpectedly fell last week.
Oil prices soared over $4 a barrel Wednesday, halting a dramatic two-week slide after a surprise drop in U.S. gasoline supplies fed speculation that record fuel prices aren't keeping Americans off the roads.
Oil prices held steady Wednesday in Asia near $122 a barrel after sliding overnight on expectations that this year's surge in energy costs is undermining U.S. gasoline demand sent crude.
Oil prices rose above $125 a barrel Tuesday on supply concerns sparked by the sabotage of two oil pipelines by militants in Nigeria.
Oil prices staged a late-day rally Monday, after dithering on either side of break-even for most of the session, as investors watched mounting geopolitical tensions in oil-rich countries.
Either we're sitting on a potential cure for high oil prices or we're wasting our time.
Gas prices declined for the 11th straight day on Monday, falling to a level not seen since May, according to a nationwide survey of filling station credit card swipes. Other fuel prices also continued to fall.
Senate Democrats failed Friday to advance a measure to rein in oil market speculators, one of a series of efforts to tell voters they are serious about addressing $4-a-gallon gasoline, and rejected Republican calls to expand offshore oil production.
Gas prices declined for the 8th straight day, nearing a level not seen in seven weeks, according to a nationwide survey Friday of filling station credit card swipes. Other fuel prices also continued to fall.
Oil rose above $126 a barrel on Friday, extending gains in the previous session after recent declines over the past two weeks. A weaker dollar is making oil futures more attractive to investors.
Oil extended a rebound Friday, rising above $126 a barrel after several declines over the past two weeks, although the market remains weighed down by the belief that flagging fuel demand does not justify the recent high prices.
Oil market investors tried but failed to start a rally in crude Thursday, leaving prices hovering below $125 a barrel after an earlier move higher. At the gas pump, prices continued their retreat.
Oil prices edged up Thursday after shedding nearly $4 a barrel in the previous day's session on concerns that high fuel prices are dampening demand in the world's biggest energy consumer.
Gas prices declined for the 7th straight day Thursday, according to a nationwide survey of credit card swipes.
The Senate voted Wednesday to move forward on a bill meant to crack down on oil speculators.
Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand.
Airline stocks on Wednesday traded higher as oil prices - the industry's greatest burden - plunged.
Oil prices continued to decline Wednesday, after a government report showed stronger-than-expected inventories and a Federal Reserve report showed a weakening economy.
Oil prices slipped further Wednesday after tumbling more than $3 a barrel in the previous session as a hurricane looked likely to spare key oil installations in the U.S. Gulf of Mexico.
Gasoline prices fell for the 6th straight day Wednesday, according to a nationwide survey.
Partisan bickering Tuesday threatened to scuttle legislation meant to crack down on oil speculators and other measures designed to reduce oil prices.
Legislation meant to crack down on oil speculators passed a key test vote in the Senate on Tuesday.
Prices at the pump extended their decline overnight, a nationwide survey of gas station credit card swipes showed Tuesday.
Oil prices edged modestly higher Friday as news of an output cut in Nigeria helped to halt, at least temporarily, the week's sharp decline in prices
Oil prices fell steeply on Thursday, extending a decline to a three-day record $15.89 a barrel, as natural gas prices tumbled and investors anticipated declining demand.
Oil prices tumbled Wednesday, extending a massive sell-off the previous day, after the government reported that U.S. crude and gasoline supplies unexpectedly jumped last week
The leaders of OPEC have a long list of culprits for high oil prices: the falling dollar, U.S.-Iranian tensions, and shady speculators.
Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal Reserve Chairman Ben Bernanke.
The price of diesel fuel hit a record high and gasoline resumed its march upward, a daily survey from auto club AAA showed Sunday.
Speculation by financial traders is causing a substantial boost in crude oil prices, according to a group of big consumers of oil now asking Congress to impose limits on commodity markets.
Gasoline prices continued to fall overnight from the record high touched earlier in the week, a daily survey from auto club AAA showed Friday.
Oil rallied late Thursday, settling more than $5 a barrel higher, as traders reacted to talk of further turbulence in Iran and Nigeria, raising new supply concerns.
Some of the Democratic lawmakers leading the campaign to crack down on oil traders appeared Wednesday before the House Committee on Agriculture to explain their proposals.
Crude prices settled flat on Wednesday, after seesawing bigger-than-expected gain in gasoline supplies countered geopolitical tensions after Iran test-fired nine ballistic missiles, a move considered a possible threat to the flow of Middle East oil.
The biggest threat to the stock market and the economy may not be the housing market or more big losses from large banks. It's probably Iran.
Stocks looked set for an upbeat start Wednesday as European markets rally but traders remain wary of high oil prices.
Oil prices extended a post-July 4th descent Tuesday - falling more than $9 a barrel over two days - as Iran's president downplayed concerns about possible war in the Middle East and investors anticipated falling demand due to high gasoline prices.
Bond prices were mixed Tuesday as investors mostly stayed on the sidelines amid volatile oil prices choppy trading on Wall Street.
Wall Street needs a glass of milk, some cookies and a hug.
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