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 [...]
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 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 [...]
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 [...]
Retail gas prices rose one cent Friday to a new national average over $3.96 a gallon, putting them on a course to hit $4 by early next week. Oil futures settled higher after trading in a narrow range.
Light sweet crude for July delivery rose 73 cents to settle at $127.35 a barrel.
At the pump, gas [...]
Oil futures ended a whipsaw session slightly lower, as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.
Options let investors bet oil prices will rise or fall in the [...]
Oil prices hit a new record near $124 a barrel after the U.S. Energy Department said diesel and heating oil supplies unexpectedly fell last week.
Light, sweet crude for June delivery hit a new high of $123.80 on the New York Mercantile Exchange before retreating slightly to settle up $1.69 at a record $123.53 a barrel.
The [...]
Oil and gas futures prices retreated Tuesday on expectations that a government inventory report today will again show that crude and gasoline stocks rose last week.
The weekly report by the Energy Department’s Energy Information Administration has become critical for analysts and traders during a spring and early summer that have seen an unusually high number [...]
DTN, a leading business-to-business provider of real-time information services, October 13 launched the DTN Ethanol Information Center, a new Web site with comprehensive current market data and background information on ethanol from around the world.
The Web site … http://www.dtnethanolcenter.com/ … is available to the public and includes DTN’s industry-leading agriculture and energy market analysis, the [...]
Ukraine’s oil businesses have agreed to temporarily cap gasoline prices, the energy minister said Monday, amid a dramatic spike in prices that has alarmed consumers and prompted calls for the government to intervene.Retail prices for both gas and diesel fuel have climbed about 10 percent in the past three weeks in Ukraine, reflecting record high [...]
