Oil fell more than $5 on Wednesday — down from a $100-plus per-barrel closing price on Tuesday — after OPEC said it would lift its production ceiling and a government report showed gasoline and diesel inventories rose last week.
December 14, 2011Business, Fuel
Oil Drops $5 to Below $95 a Barrel
Business, Fuel
Oil Falls to Two-Week Low
Oil fell to near $98 a barrel in early trading Monday on the New York Mercantile Exchange, a two-week low, Bloomberg reported.
December 12, 2011Business, Fuel
Oil Holds Over $100 a Barrel as Inventories Rise
Oil held over $100 a barrel for a sixth trading day Wednesday as inventories rose last week, Bloomberg reported.
December 7, 2011Business, Fuel
Oil Closes Over $100 as Stock Markets Soar
Oil closed over $100 a barrel Wednesday for just the second time since June on an improved economic picture and soaring stock markets, Bloomberg reported.
December 1, 2011Business, Fuel
Oil Tops $100 a Barrel in Early Trading
Oil rose to more than $100 a barrel in early trading Wednesday, marking a fourth straight day of increases, Bloomberg reported.
November 30, 2011Business, Fuel
Oil Rises Over $100 a Barrel
Oil rose to more than $100 a barrel in pre-market trading Monday, the highest in a week, on signs of U.S. economic recovery and following economic sanctions on Syria, Bloomberg reported.
November 28, 2011Business, Fuel
Oil Tops $100 for First Time Since June
Oil jumped above $100 a barrel Wednesday, closing over that level for the first time in five months, Bloomberg reported.
November 16, 2011Business, Fuel
Oil Slips but Remains Near $98 a Barrel
Oil fell from a three-and-a-half month high to below $98 a barrel early Monday on concerns over Italy’s debt and easing demand in China, Bloomberg reported
November 14, 2011Business, Fuel
Oil Slips But Remains Over $90 a Barrel
Oil slipped in early trading Monday after its biggest monthly gain in two years, falling to near $92 a barrel, Bloomberg reported.
October 31, 2011Business, Fuel
Oil Companies’ Profits Rise on Higher Crude Prices
Several major oil companies cited higher crude prices in reporting higher third-quarter profits.
October 28, 2011