Oil Articles

Oil Drops Over $1 On Report of Rising Supplies

Oil prices fell over $1 a barrel today after data showed evidence of rising supplies in the U.S.

Oil Back Up After Seven-Week Low

Oil prices went back up after reaching a near seven-week low based on fear that the U.S. won’t refine enough gasoline to live up to demand.

Oil Down For 8 Out Of 9

Oil prices fell were down for the eighth session out of nine to their lowest in six weeks.

Oil Prices Take Another Turn

Oil prices went back down 3% after the International Energy Agency said that demand is slowing.

Oil Prices Gain For First Day In Six

Oil prices rose for the first day in six with speculation of an increase in demand limting increases in gasoline inventories.

Oil Prices Fall For Longest Time Since 2003

Oil prices fell for the sixth day in a row in what is the longest they have continued to fall since October 2003.

Oil and Gas Prices Fall

Oil prices fell more than $1 a barrel with inventories in the U.S. increasing and gasoline futures falling.

IMF Predicts Large Growth in Oil Consumption

The International Monetary Fund (IMF) says that oil consumption will grow a lot in the coming decades.

Oil Up On Fallen Gas Supplies

Oil prices went up with a report showing that gasoline supplies in the United States have fallen.

Gas Supplies Decrease, Oil Prices Increase

Gas supplies have gotten lower in the United States and as a result, oil prices have gone up.

Oil Eases After Hitting Record Highs

After going up to record of over $58 a barrel, oil prices have gone back down with production being able to meet demand.

The Oil Industry’s Largest Acquisition Since 2002

ChevronTexaco has agreed to buy Unocal for $16.4 billion in a deal which analysts predict will trigger more large acuisitions in the industry.

Oil Continues to Climb

With OPEC to discuss a second increase in output, oil prices have jumped to over $58 a barrel.

Oil Jumps Over $58 With OPEC Set to Discuss Output Increase

OPEC will be discussing a second increase in output which has caused oil prices to jump to over $58 a barrel.

Oil Up After Fears From Report

Oil prices have gone up to above $57 a barrel with traders fearing that the prices will get up over $100.

Oil Prices Up After Prediction of Huge Rise

Oil prices shot upward after Goldman Sachs predicted that they will rise to $105 a barrel.

Oil Prices Rise Again

Oil prices went back up even though an increase in inventories was announced, and OPEC said that there was no supply problem.

Oil Prices Down, Supply Worries Eased

Oil prices went down with OPEC suspending talks about an output increase calming worries about supplies.

Oil Prices Down As Well As Supply and Demand Concerns

Oil prices have gone down with concern with peak global consumption supply and demand conerns fading.

Traders Downplay Impact of Explosion After Oil Prices Go Up

An explosion at BP Plc’s Texas City refinery led to a sharp increase in gas and oil prices.

Oil Back Up One Day After Year’s Largest Decline

An explosion at BP Plc’s Texas City refinery sent oil prices back up only a day after their biggest decline of the year.