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 [...]

Crude oil futures leaped to a new all-time high above $120 a barrel as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.
Light, sweet crude for June delivery jumped to a new trading record of [...]

Oil prices held steady Monday, supported by weekend news of an attack on a Nigerian oil installation, but with gains limited by the strengthening of the U.S. dollar.
Royal Dutch Shell PLC spokesman Precious Okolobo said Saturday that attackers hit a flow station belonging to Shell’s joint venture in southern Nigeria and that some oil production [...]

For the first time in 18 days, retail gasoline prices fell — if only slightly. Some analysts think pump prices may be near or at a peak for the year. Oil futures, meanwhile, soared after Turkish airstrikes on Kurdish rebel bases in Iraq injected some supply concerns into the market and the Labor Department’s employment [...]

The EIA report did not encourage investors to scoop up refiners’ shares. Lower oil prices notwithstanding, the rise in inventories was bearish for refiners, according to Lehman Brothers analyst Paul Cheng, who has a negative outlook for the sector.
“We expect gasoline margin may have already peaked and will likely resume their downward spiral by early [...]

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 [...]

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 [...]

Gas prices hit $3.60 a gallon and oil futures rose to a new record as well, near $120 a barrel, as strikes overseas raises concerns about crude supplies.
Light, sweet crude for June delivery rose to a record $119.93 a barrel in electronic trading on the New York Mercantile Exchange overnight on concerns about supply disruptions [...]

The price of crude oil pushed to a new high after a militant group in Nigeria said it sabotaged a major oil pipeline operated by a Royal Dutch Shell PLC joint venture and promised further attacks on the country’s petroleum industry.
A Shell spokeswoman confirmed the damage to the pipeline appeared to have been caused by [...]

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 [...]