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 [...]

Gasoline demand increased 2.4 percent last week when compared with the previous week, according to a survey by MasterCard SpendingPulse.
Compared with the same week last year, demand fell 3.2 percent. The survey has shown eight consecutive weeks of year-over-year declines in weekly demand as gas prices continue to climb.
The average retail price for a gallon [...]

Gasoline demand at the pump last week was down 3.8 percent compared with the same week last year, according to a survey by MasterCard SpendingPulse. It is the seventh consecutive week of year-over- year decline in weekly demand.
The survey finds average retail prices for a gallon of regular gasoline increased 0.8 percent last week, up [...]

The Energy Department and the Paris-based International Energy Agency both lowered their global oil consumption forecasts for this year amid surging prices, but said demand for oil and petroleum products is accelerating in parts of the developing world.
In its monthly short-term Energy outlook, the Energy Department’s Energy Information Administration said oil consumption is falling more [...]

Oil prices ended lower, giving up an earlier advance as the dollar held its gains against the euro and the Energy Department slashed its oil consumption projections. Retail gasoline prices rose to a new record over $4.04 a gallon.
Light, sweet crude for July delivery fell $3.04 to settle at $131.31 a barrel on the New [...]

Gasoline prices continued to rise above a national average of $4 a gallon, but oil futures retreated after Treasury Secretary Henry Paulson said he will not rule out intervention to stabilize the dollar — boosting the greenback against the euro — and Saudi Arabia said it will call for a meeting to discuss crude-oil prices.
Light, [...]

Oil prices shot up more than $10 to a new record above $139 after a major investment bank predicted a spike to $150 in the coming weeks and rising tensions in the Middle East left investors uneasy about supply.
The meteoric surge built on a price jump Thursday and capped oil’s biggest two-day gain in the [...]

Gasoline demand at the pump last week fell 3.6 percent from the week before, according to a survey by MasterCard SpendingPulse. Compared with the same week last year, demand was down 4.7 percent.
Study author Michael McNamara says post-Memorial Day holiday pumping accounts for much of the week-to-week decrease, but the year-to-year decline shows that demand [...]

Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.
The Commodity Futures Trading Commission on Thursday said it started the probe in December and took the unusual step of publicizing it “because of today’s unprecedented market conditions.”
Crude prices have risen more than 42 percent since [...]

Shares of oil refiners fell, as concern grew among analysts and investors that high gasoline pump prices are putting a big crimp in fuel demand.
In a note to investors, Lehman Brothers analyst Paul Cheng cited fresh data from the Department of Energy and the Federal Highway Administration as further evidence to support his bearish view [...]