Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said.
September 30, 2014Business, Fuel, Logistics
Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API
Business, Fuel
Soaring U.S. Crude Output Could Buoy Trucking Industry
The significant growth in U.S. crude oil production, which recently overtook imports for the first time in 18 years, should help trucking by increasing freight volumes and possibly keeping a lid on prices, industry experts said.
December 9, 2013Government, Business, Fuel
CFTC Proposes Rule Aimed at Limiting Oil Speculation Among Traders
Oil traders would be limited in the number of positions they can hold under a proposed rule approved Nov. 5 by the Commodity Futures Trading Commission.
November 7, 2013Business, Fuel
Oil Falls to Five-Month Low Near $93 a Barrel
Oil fell to a five-month low Nov. 5 to near $93 a barrel on speculation that inventories increased last week, Bloomberg News reported.
November 5, 2013Business, Fuel
Crude Oil Closes Below $100 for First Time Since July
Crude oil finished trading at $99.68 a barrel Oct. 21, declining $1.43 to the lowest level since July 2 as the Energy Information Administration announced supplies increased, Bloomberg News reported.
October 21, 2013Business, Fuel
Oil Declines 0.7% From Two-Year High
Oil fell 0.7% from a two-year high in early trading Sept. 9 as President Obama struggled to push for a military strike against Syria, Bloomberg News reported.
September 9, 2013Business, Fuel
Oil Closes Over $108 a Barrel
Oil finished trading at $108.54 a barrel Sept. 3, rising 89 cents as President Obama seeks support for a military strike on Syria, Bloomberg News reported.
September 3, 2013Business, Fuel
Oil Pushes Past $112 on Mideast Concerns
Oil climbed more than $3 early Wednesday to more than $112 a barrel — the highest intraday price in more than two years — on concerns that Middle East tensions could disrupt supplies, Bloomberg News reported.
August 28, 2013Business, Fuel
Oil Drops for First Time in Four Days
Oil prices slipped for the first time in four days Wednesday, following a Department of Energy report that showed crude and gasoline supplies fell last week, Bloomberg News reported.
August 14, 2013Business, Fuel
Oil Rises to Four-Day High Over $106
Oil rose to a four-day high Monday, topping $106 a barrel as analysts predicted growth in European economies for the first time in two years, Bloomberg News reported.
August 12, 2013