Crude oil closed above $100 Thursday after staying below that price for two days, Bloomberg reported.
March 18, 2011Business, Fuel
ATA Joins Coalition to Defend 2010 Law That Curbs Excessive Oil Speculation
A coalition of oil users that includes American Trucking Associations recently urged congressional leaders to “fully fund and defend” rules in the new financial reform law designed to curb excessive speculation in oil futures.
August 1, 2011Business, Fuel
Exxon, Shell Post Huge 1Q Profits on High Oil Prices
The world’s two largest oil companies Thursday reported multi-billion-dollar first-quarter profits, up from a year ago, on higher crude oil prices.
April 28, 2011Business, Fuel
Oil Closes Above $100 a Barrel
Business, Fuel
Oil Hits $100 a Barrel
Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.
February 23, 2011Editorial, Business, Fuel
The Return of the Oil Speculators
There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.
December 13, 2010Business, Fuel
Pair in $75 Million Oil Scam to Be Sentenced in Dec.
A federal judge is scheduled next month to sentence two participants in a conspiracy by two New York City-area tank-truck firms accused of jointly skimming an estimated $75 million in heating oil from customers over a 17-year period.
November 22, 2010Business, Fuel
Oil to Reach $108 a Barrel by 2020, DOE Predicts
Rising demand will push oil prices past $108 per barrel by 2020, the Department of Energy said.
May 25, 2010