Crude oil futures shot well past the previous day’s record as traders pounced on a prediction by Goldman Sachs that prices could rise to $150 to $200 within two years. A weakening dollar and rising worries about falling production in Mexico and Russia also pushed prices higher, analysts said.
Light, sweet crude for June delivery jumped [...]

Oil prices fell after the Federal Reserve cut interest rates and a government report said fuel supplies unexpectedly fell last week.
Light, sweet crude for June delivery fell $2.17 to settle at $113.46 a barrel on the New York Mercantile Exchange.
The Fed, as expected, said it will cut the federal funds rate by a quarter percentage [...]

Nigerian oil workers ended a strike that cut the country’s oil output over the last several days. The head of the union at an Exxon Mobil Corp. unit said members would return to work after negotiators reached an agreement with management about pensions.
Exxon Mobil said in a statement that it was restarting production.
Nigeria produces about [...]

Oil prices fell again, as speculators who drove crude futures to nearly $120 a barrel pulled out of the market.
Light, sweet crude for June delivery fell 94 cents to settle at $112.52 a barrel on the New York Mercantile Exchange, after trading as low as $110.30.
The dollar’s rise against the euro and other currencies drained [...]

Crude futures rolled past $115 a barrel, hitting a new record on concerns about how much gas will be available during the peak summer months. The weekly inventories report from the Energy Department’s Energy Information Administration (EIA) showed a much bigger decline in gasoline supplies than forecast by analysts surveyed by Dow Jones Newswires.
The report [...]

Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It [...]

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]

Oil prices soared more than $4 a barrel as lower-than-expected fuel inventories and another dollar drop brought buyers out in force for the first time in a week.
Light, sweet crude for May delivery rose $4.68 to settle at $105.90 a barrel on the New York Mercantile Exchange.
The Energy Department’s Energy Information Administration (EIA) said gasoline [...]

Energy provider Southern Co. said Monday construction has begun on what it called an efficient, low-emission coal facility which will help the company meet increased power demand.
The facility, at the Stanton Energy Center in Orange County, Fla., will turn coal into synthetic gas for generating electricity, while reducing emissions of sulfur dioxide, nitrogen oxides [...]

Oil and gas futures prices retreated Tuesday on expectations that a government inventory report today will again show that crude and gasoline stocks rose last week.
The weekly report by the Energy Department’s Energy Information Administration has become critical for analysts and traders during a spring and early summer that have seen an unusually high number [...]