Oil prices dropped sharply Tuesday, declining $4 to near $97 a barrel on lower demand in Japan due to the big earthquake and subsequent nuclear crisis in that country, Bloomberg reported.
March 15, 2011Business, Fuel
Oil Rises Following Inventory Report
Oil rose modestly from a two-week low but remained under $100 a barrel Wednesday following a report that showed crude inventories rose last week.
March 16, 2011Business, Fuel
Oil Drops $4 to Near $97 a Barrel
Business, Fuel
Obama Says U.S. May Tap Oil Reserve
President Obama said Friday he is prepared to tap the Strategic Petroleum Reserve if needed to prevent any oil supply disruptions, even as oil prices slipped, news services reported.
March 11, 2011Business, Fuel
U.S. May Open SPR as Oil Nears $107 a Barrel
Oil prices continued their upward trend, nearing $107 a barrel early Monday, and President Obama’s chief advisor said the administration is considering releasing some oil from the Strategic Petroleum Reserve to staunch soaring prices.
March 7, 2011Business, Fuel
ATA Backs More Domestic Oil Production
American Trucking Associations has urged the Obama administration to open up opportunities for domestic oil production as a way to lessen the impact of political tumult in the Middle East.
March 3, 2011Business, Fuel
Oil Closes Over $100 a Barrel for First Time Since 2008
Oil closed over $100 a barrel Wednesday for the first time since September 2008, Bloomberg reported.
March 2, 2011Business, Fuel
Oil Closes at 29-Month High
Oil closed at a 29-month high near $100 a barrel on continued concerns about Middle East political unrest, Bloomberg reported.
March 2, 2011Business, Fuel
Oil Trades Near $100 a Barrel
Oil traded near $100 a barrel early Monday, its highest level in more than two years, as ongoing Middle East political turmoil raised concerns that production may be disrupted further, Bloomberg reported.
February 28, 2011Business, Fuel
Oil Finishes Week Over $86 a Barrel
Oil fell slightly Friday but finished the trading week over $86 a barrel to the New York Mercantile Exchange, Bloomberg reported.
February 18, 2011Business, Fuel
Oil Holds Below $90 a Barrel
Oil held below $90 a barrel for a second trading day Monday, its lowest in a week, as concerns about Egyptian unrest eased and U.S. gasoline supplies rose, Bloomberg reported.
February 7, 2011