After the Federal Reserve chairman sounded bleak notes on the U.S. economy, and world supplies loosened a bit, Crude-oil futures sank more than $6 a barrel Tuesday. After the U.S. opened its Strategic Petroleum Reserve at the onset of the first Gulf War.Light, sweet crude for August delivery settled down $6.44, or 4.4%, at $138.74 [...]

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 [...]

Oil prices jumped past $145 a barrel for the first time, as traders added to their bets on the commodity ahead of the long holiday weekend.
There was little good news for Americans hitting the road for the July Fourth holiday, as gas prices set their own record near $4.10 a gallon.
Light, sweet crude for August [...]

Oil prices surged past $143 a barrel for the first time and then fell back as a rising dollar prompted some investors to sell.
Crude gave back its gains after the Chicago Purchasing Managers’ Index of Midwest Manufacturing beat estimates and the dollar strengthened against the euro.
Light, sweet crude for August delivery fell 21 cents to [...]

Oil futures climbed to a new record near $143 a barrel as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude’s stratospheric rise, will extend its decline and add to oil’s appeal.
Retail gas prices inched lower overnight, but are likely to resume their own trek into [...]

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 90 billion cubic feet to over 2.03 trillion cubic feet for the week ending June 20.
The inventory level was slightly below the five-year average of 2.09 trillion cubic feet, [...]

Oil futures ended the day higher after spending much of the session going back and forth as traders awaited significant news to help the market break out of a trading range that has lasted for more than two weeks.
Light, sweet crude for August delivery rose 26 cents to settle at $137 a barrel on the [...]

Aztec Oil & Gas, Inc. previously announced that the Company had completed the drilling of two new wells for its Aztec 2007A Limited Partnership. The wells, Williams #1 and #2, were drilled in Tyler County, West Virginia to a depth of approximately 5,000 feet each. Logs on both wells indicated substantial reserves. Today, Aztec is [...]

Oil prices rose after Saudi Arabia’s modest production increase failed to push traders to sell.
Light, sweet crude for August delivery rose $1.38 to settle at $136.74 a barrel on the New York Mercantile Exchange.
Retail gas prices inched lower overnight but appear unlikely to change much as long as oil prices remain stuck in their recent [...]

Oil futures rebounded on concerns about the Middle East and growing doubt that China’s government will be able to curb the country’s appetite for fuel by pushing prices higher.
Light, sweet crude for July delivery rose $2.69 to settle at $134.62 a barrel on the New York Mercantile Exchange, recovering some of the $4.75 that the [...]