Oil prices settled higher, rebounding from earlier losses on reports that Nigerian oil workers are about to strike, and investors focused on a surprise decline in gasoline inventories last week.
Retail gas prices slipped slightly for a second day, a sign that falling demand may be affecting prices and that prices at the pump may have [...]

Federal regulators will place stricter limits on foreign exchanges that trade U.S. oil.
The Commodity Futures Trading Commission will require the London-based ICE Futures Europe exchange to adopt position limits used in the U.S. for trading West Texas Intermediary crude contracts.
Foreign officials also will share daily trading data with U.S. authorities and report violations when they [...]

Oil prices settled lower for the third straight day as investors weighed expectations of higher output against the market’s ability to quench soaring global demand.
Light, sweet crude for July delivery fell 60 cents to settle at $134.01 a barrel on the New York Mercantile Exchange.
The national average for a gallon of regular gasoline hovered at [...]

Crude oil futures swung wildly, rising to a record and then tumbling as investors wrestled with whether they should put stock in Saudi Arabia’s promise to boost production. Retail gas prices rose to a record $4.08 a gallon.
Light, sweet crude for July delivery fell 25 cents to settle at $134.61 on the New York Mercantile [...]

Targa Resources Partners LP and its subsidiary Targa Resources Partners Finance Corporation announced an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to persons outside of the United States pursuant to Regulation S under the Securities Act, and [...]

The senior vice president of the Eastern region of Key Energy Services Inc., which provides oil drilling services, exercised options for 22,500 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed Thursday with the SEC, Phil Coyne reported he exercised the options Wednesday for $10.53 and $15.05 apiece [...]

Oil prices pulled back after OPEC questioned whether crude can remain so high through the rest of the year and the dollar gained against the euro.
Light, sweet crude for July delivery sank $1.88 to settle at $134.86 on the New York Mercantile Exchange.
At the gas pump, the average national price for a gallon of [...]

Hyperdynamics Corporation (AMEX:HDY) announced today that its Louisiana-based operations reported May gross oil sales in excess of 5,200 barrels as production continues to be constrained by record setting floods being experienced along the Mississippi River. Although the floods have hampered production for months, the company reported that it received an average price in excess $123 [...]

Striker Oil & Gas, Inc. (OTCBB:SOIS) continues to build upon the investments made in 2007 for acquiring and developing new properties. We have experienced an increase in oil and gas production and reserves year to year from 2007 to 2008. We continue to implement our drilling program during 2008 as we continue our strategy to [...]

The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 80 billion cubic feet to nearly 1.89 trillion cubic feet for the week ending June 6.
The inventory level was slightly below the five-year average of about 1.91 trillion [...]