Oil prices fell sharply, even though the Energy Department reported unexpected declines in crude oil supplies last week. A stronger dollar and concerns about gas demand also weighed on prices.
Light, sweet crude for July delivery fell $4.41 to settle at $126.62 a barrel on the New York Mercantile Exchange, its lowest settlement in two weeks [...]

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 said Thursday it started the probe in December and took the unusual step of publicizing it “because of today’s unprecedented market conditions.”
The commission said details of the investigation remain confidential, but [...]

Crude-oil inventories fell unexpectedly last week for the second straight period. But government data suggests it is probably not because demand has risen, and that helped push crude prices down.
For the week ended May 23, crude-oil inventories shrank by 8.8 million barrels, down 2.7 percent from the previous week, to 311.6 million barrels, the Energy [...]

Oil futures rose above $130 again, recovering from early losses as threats against Nigerian oil facilities led investors to at least temporarily set aside concern about falling U.S. gas demand.
Light, sweet crude for July delivery rose $2.18 to settle at $131.03 on the New York Mercantile Exchange, after spending the morning swinging between gains and [...]

Oil prices dropped below $129 a barrel. The sharp decline came amid a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season. At the pump, retail gasoline prices rose, but only slightly.
Light, sweet crude for July delivery fell $3.34 to settle at $128.85 a [...]

As some drivers hit the road for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12.
Gas prices, which took another jump overnight, are up nearly 20 percent, or 65 [...]

Americans getting an early start on the Memorial Day weekend found that gasoline prices again sprinted to a new record high overnight, reaching a national average above $3.83 a gallon for regular. Some analysts predict gas will surge past $4 as early as next week. It’s already above that in some places.
Oil prices fell Thursday [...]

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 85 billion cubic feet to more than 1.61 trillion cubic feet for the week ending May 16.
The inventory level was slightly below the five-year average of nearly 1.62 trillion [...]

Runaway oil prices blew past $130 a barrel for the first time Wednesday and kept going, while gasoline prices persisted in their own relentless climb, rising above $3.80 a gallon.
Wednesday’s rally was fed in part by a report from the Energy Department’s Energy Information Administration, which said crude inventories fell last week, when analysts expected [...]

Crude prices spiked to a yet another trading high, as supply concerns mounted and traders poured in for a last-minute buying binge before June contracts expired. At filling stations across the country, the national average price for a gallon of regular gasoline approached $4, touching $3.80 for the first time.
The June contract for light, sweet [...]