Crude oil settled at a new high, and retail gasoline and diesel prices reached new records as well, adding to the pressure on drivers planning road trips for the coming holiday weekend.
Drivers are now paying an average of $3.79 for a gallon of regular gas, according to a survey by AAA and the Oil Price [...]

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 [...]

A survey by MasterCard SpendingPulse found gasoline demand at the pump fell 0.6 percent last week compared with the week before.
Compared with the same week a year ago, demand was down 7 percent. Study author Michael McNamara said the seasonal lift in gasoline demand that normally occurs around this time of year seems stalled, possibly [...]

Oil prices rose to a new settlement high after a bumpy day of trading, and gas prices at the pump climbed nearly 3 cents overnight to a new national record.
Light, sweet crude for June delivery rose 16 cents to reach a settlement record of $123.69 a barrel on the New York Mercantile Exchange after trading [...]

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 [...]

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 [...]

Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said.
BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said.
The size of the facility has not been revealed [...]

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 [...]

PetroChina Ltd. said first-quarter profit plunged 31.5 percent in large part because of government controls that bar it from passing on record crude-oil costs to consumers.
China’s biggest oil company said profit was 28.8 billion yuan ($4.1 billion) for the three months ending March 31. PetroChina is the publicly traded arm of government-owned China National Petroleum [...]

The oil company BP has finished its pullout in North Dakota.
The company said last August it was going to stop selling its brand gasoline and diesel fuel in North Dakota and three other states by the middle of this year.
The announcement affected 11 suppliers in North Dakota that serve 34 retail locations in the state. [...]