Maryland Daily Record Maryland's trusted source for business and legal news
The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers.
Tagged with: gas prices oil prices
Read More »From car lots to city budgets, cheap oil means change
Cheap oil doesn’t only mean cheaper gas in the tank. It means that a car dealer in Illinois is shuffling the inventory of models he’ll be selling, that more students in Wisconsin may get school-provided iPads, that some planned projects in a Southern California city will get delayed, and that some expected oilfield hiring in North Dakota and Texas may not happen.
Tagged with: gas prices oil prices
Read More »Oil dips below $50 a barrel
(AP) The price of oil plunged again Monday and briefly dipped below $50 a barrel for the first time in more than five years as evidence mounted that the world will be oversupplied with oil this year. Benchmark U.S. oil ...
Tagged with: oil prices
Read More »Airlines hurt as Ukraine crisis lifts oil price
The global airlines industry on Wednesday lowered its profit forecast for this year after the Ukrainian crisis caused a spike in the price of fuel.
Tagged with: air travel fuel costs oil prices ukraine
Read More »Nuclear deal with Iran could mean lower oil prices
NEW YORK — Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not allow Iran to export more oil. In the short term, the deal may make it ...
Tagged with: Barack Obama iran israel oil prices
Read More »Oil rises on hopes for debt deal
The price of oil rose slightly Monday amid alternating hope and uncertainty about the looming deadline for U.S. lawmakers to reach an agreement over the government’s borrowing limit and shutdown. Benchmark crude for November delivery rose 39 cents to close ...
Tagged with: gasoline prices oil prices
Read More »Oil price falls as Hurricane Sandy heads for U.S.
The price of oil fell below $86 a barrel Monday as a gargantuan storm headed for the heavily populated U.S. East Coast, where energy consumption was likely to drop as many businesses closed and transportation ground to a halt. By ...
Tagged with: Economy hurricane sandy oil prices
Read More »Oil prices fall as pipeline supply concerns ease
The price of oil is falling after TransCanada reaffirmed plans to restart a pipeline this weekend that carries crude from Canada to the Midwest. Benchmark oil dropped $1.70, or 1.9 percent, Friday to $90.40 per barrel in New York. TransCanada ...
Tagged with: Economy gas gas prices oil oil prices
Read More »Summertime blues for drivers: Gas at August record
You may pay more than ever for a late-summer drive. U.S. drivers paid an average of $3.72 per gallon on Monday. That’s the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average ...
Tagged with: AAA crude oil crude oil prices gas gas prices greece labor day middle east new york mercantile exchange oil oil price information service oil prices Transportation
Read More »Oil rises to near $94 on Israel-Iran concerns
Oil prices rose to near $94 a barrel Monday as increased concerns about the possible escalation of the conflict between Israel and Iran helped crude claw back last week’s losses triggered by the International Energy Agency’s lower crude demand forecast. ...
Tagged with: crude oil prices Economy gas prices iran israel oil oil prices
Read More »