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Nov 15, 2011

Oil price again flirting with $100 per barrel

NEW YORK — Oil prices climbed to near $100 per barrel Tuesday following a series of positive reports about the U.S. economy. In midday trading benchmark crude rose 36 cents to $98.50 per barrel in New York. Crude jumped as high as $99.34 at one point. Brent crude, which is used to price many foreign […]

May 23, 2011

Oil slides and pump prices drop

NEW YORK — Oil dropped more than 2 percent Monday as the dollar strengthened and an energy research group said it expected growth in Chinese demand for oil to slow later this year. At the pump, gas prices continued to fall as oil retreated. Benchmark crude for July delivery lost $2.44, or 2.4 percent, at […]

Mar 7, 2011

Oil rises near $107 a barrel

NEW YORK — The crisis in Libya is again pushing oil higher as the New York Mercantile Exchange opens for trading. Benchmark West Texas Intermediate crude for April delivery gained 83 cents Monday at $105.25 a barrel on the Nymex. The price almost hit $107 per barrel earlier in electronic trading, the highest since Sept. 26, […]

Dec 8, 2010

Oil falls to near $88 on profit-taking

Oil prices eased to around $88 a barrel on Wednesday as traders locked in profits after crude rose above $90 for the first time in more than two years. By early afternoon in Europe, benchmark oil for January delivery was down 65 cents to $88.04 a barrel in electronic trading on the New York Mercantile […]

Nov 15, 2010

Pump prices creeping up as holiday approaches

Getting home for the holidays could involve paying the year’s highest price for gasoline. The national average for a gallon of unleaded regular gasoline on Monday was just 3 cents shy $2.92 a gallon, the high set back in May. Analysts expect more upward price creep before the long Thanksgiving holiday weekend starts next Wednesday. […]

Aug 20, 2010

Oil drops below $75 amid US economic concerns

LONDON — Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch of downbeat economic data. Benchmark crude for October delivery was down 19 cents at $74.24 a barrel by mid morning London time in electronic trading on the New York Mercantile Exchange. […]

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