“Today’s 5.4 percent crude oil price increase to $121.18 a barrel despite decreased demand and increased supply is a clear sign that speculators continue to dominate the commodities markets hurting our national economy,” said Lea Wilson, executive director of the Washington Oil Marketers Association (WOMA).
“There is absolutely no economic reason for prices to increase the [...]

FreightCar America, Inc. reported financial results for the three months ended June 30, 2008. For the second quarter of 2008, sales were $141.3 million and net loss was $0.9 million, or a net loss of $0.08 per diluted share. These results include charges related to a loss contingency reserve due to sharp material cost increases [...]

Bronco Drilling Company, Inc., announced financial and operational results for the three months ended June 30, 2008.
Revenues for the second quarter of 2008 were $69.8 million compared to $62.3 million for the first quarter of 2008 and $74.7 million for the second quarter of 2007. Net income for the second quarter of 2008 was $4.3 [...]

The company has reported that the company announced its annual meeting of stockholders can be accessed through an Internet webcast. The annual meeting is scheduled to be held at the Calgary Petroleum Club in the Viking Room, 319 - 5 Avenue SW, Calgary, Alberta T2P 0L5, on Tuesday, the 29th of July, 2008 commencing at [...]

Oil prices finished about where they began, after jumping more than $2 earlier on reports of lower U.S. oil stockpiles and an Iranian missile test.
Light, sweet crude for August delivery rose a penny to settle at $136.05 a barrel on the New York Mercantile Exchange, but prices shifted between positive and negative territory as traders [...]

Oil prices surged past $143 a barrel for the first time and then fell back as a rising dollar prompted some investors to sell.
Crude gave back its gains after the Chicago Purchasing Managers’ Index of Midwest Manufacturing beat estimates and the dollar strengthened against the euro.
Light, sweet crude for August delivery fell 21 cents to [...]

Oil futures shot above $140 after OPEC’s president said oil prices could rise well above $150 a barrel this year and Libya said it may cut oil production.
Light, sweet crude for August delivery rose as high as $140.39 in afternoon trading on the New York Mercantile Exchange before retreating slightly to settle at $139.64, up [...]

The oil company BP has finished its pullout in North Dakota.
The company said last August it was going to stop selling its brand gasoline and diesel fuel in North Dakota and three other states by the middle of this year.
The announcement affected 11 suppliers in North Dakota that serve 34 retail locations in the state. [...]

Venezuela moved closer to nationalizing its oil-rich Orinoco River basin, after four foreign oil companies signed deals giving Venezuela the lion’s share of the profits and two US companies pulled out altogether.
“ExxonMobil and ConocoPhillips are ending their participation in the exploration ventures,” Oil and Energy Minister Rafael Ramirez said Tuesday at the signing ceremony with [...]

State inspectors have closed a preparation plant and part of a strip mine after finding explosives residue associated with the disposal of old munitions from defense contractor Talon Manufacturing.
Magnum Coal’s Samples Mine cannot reopen those parts of its operation until company officials submit and receive approval of a cleanup plan.
The mine’s preparation plan and an [...]