Rising U.S. oil production is dividing OPEC states, and the global oil cartel is struggling to respond to higher North American oil output from shale, the Wall Street Journal reported Tuesday.
May 28, 2013Business, Fuel
U.S. Oil Boom Dividing OPEC, Journal Reports
Business, Fuel
Oil Slides Below $93 a Barrel
Oil fell for a third day Thursday, falling more than $1 to below $93 a barrel after dropping almost $2 on Wednesday, on reports that Chinese manufacturing slowed, Bloomberg News reported.
May 23, 2013Business, Fuel
Oil Drops Following DOE Inventory Report
Oil declined more than $1 to near $95 a barrel following a Department of Energy report that showed crude supplies fell and gasoline stockpiles rose last week.
May 22, 2013Business, Fuel
Oil Declines for Fifth Day to Near $92 a Barrel
Oil fell almost $2 Wednesday to near $92 a barrel, the fifth straight day of declines and longest run of downturns since October, Bloomberg News reported.
May 15, 2013Business, Fuel
Oil Declines as OPEC Boosts Production
Oil fell for a second day Friday, dropping below $95 a barrel as rising supplies countered signs of economic growth and OPEC boosted production, Bloomberg News reported.
May 10, 2013Business, Fuel
Oil Falls Below $90 a Barrel
Oil fell below $90 in early trading Monday as economic growth slowed in China, Bloomberg News reported.
April 15, 2013Business, Fuel
Oil Slips Following DOE Inventory Report
Oil fell Wednesday following a Department of Energy report that showed supplies rose last week, Bloomberg News reported.
April 10, 2013Business, Fuel
Diesel Slips Below $4 Per Gallon as U.S. Crude Inventories Soar
The average price of a gallon of U.S. retail diesel slipped below $4 last week for the first time in two months, the Department of Energy reported, as the nation’s crude oil supplies soared to levels not seen in decades.
April 8, 2013Business, Fuel
Oil Falls Below $93 a Barrel
Oil fell for a second day, dropping below $93 a barrel Thursday following a report that showed more Americans filed for unemployment benefits last week, Bloomberg News reported.
April 4, 2013Business, Fuel
Oil Takes Biggest Drop of Year as Supplies Rise
Oil took its biggest drop of the year Wednesday, declining almost $3 per barrel following a Department of Energy report that showed inventories rose to the highest level since 1990, Bloomberg News reported.
April 3, 2013