Oil prices dropped by the most in almost seven weeks on speculation that the killing of Osama bin Laden may ease the risk of Middle East supply disruptions, Bloomberg reported Monday.
May 2, 2011Business, Fuel
Oil Drops After U.S. Says Bin Laden Killed
Business, Fuel
Oil Finishes Week Over $112; Obama Administration to Probe Speculation
Oil finished the trading week over $112 a barrel and the Obama administration will examine the role of traders and speculators in oil markets and their contribution to high fuel prices, Bloomberg reported.
April 22, 2011Business, Fuel
Oil Rises Over $107 Following Drop in Gasoline Inventories
Oil rose to just over $107 a barrel Wednesday following a Department of Energy reported that showed gasoline inventories last week took their biggest drop in 12 years, Bloomberg reported.
April 13, 2011Business, Fuel
Oil Jumps to Top $112 a Barrel
Oil prices continued to spike Friday, jumping $2.49 to finish the trading week over $112 a barrel on continued concerns over Libya’s civil conflict, Bloomberg reported.
April 8, 2011Business, Fuel
Oil Hits New 30-Month High Near $109 a Barrel
Oil rose 49 cents Wednesday to a new 30-month high, closing the trading day at $108.83 a barrel on the New York Mercantile Exchange, Bloomberg reported.
April 6, 2011Business, Fuel
Oil Continues Gains, Tops $108 a Barrel
Oil closed at more than $108 a barrel Monday, its highest level in 30 months, as Libyan fighting centered near a key Mediterranean oil port, Bloomberg reported.
April 4, 2011Business, Fuel
Oil Surges to Top $106 a Barrel
Oil jumped to its highest closing price in two-and-a-half years over $106 a barrel, on concern that the Libyan conflict will prolong production cuts, Bloomberg reported.
April 1, 2011Business, Fuel
Oil Price Falls Following Report on Higher Inventories
Oil prices fell to near $104 a barrel Wednesday following a Department of Energy report showed that crude stockpiles jumped almost 3 million barrels last week, Bloomberg reported.
March 30, 2011Business, Fuel
Oil Ends Week Over $105 a Barrel
Oil slipped slightly from this week’s highest closing price in two-and-a-half years but finished the week near that level over $105 a barrel, Bloomberg reported.
March 25, 2011Business, Fuel
Oil Continues to Rise, Topping $106 a Barrel
Oil topped $106 a barrel in early trading Thursday following the highest closing price in two and a half years on Wednesday, Bloomberg reported.
March 24, 2011