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Oil Prices Jump On Storm Movements

Tropical storms in the Gulf of Mexico have led mercantile traders to drive oil prices above $60 a barrel again.

Oil Prices Continue to Climb Back Up

Like a bad barker on television trying to sell another gadget, August contract light crude sold for $59.99 in morning trades. The prices edged its way back after oil prices dropped on rising inventories from the EIA last week.

Oil Might Hit $80 By December

Continued worries about international tensions and insatiable consumer demand drive options higher.

Crude Oil Hovers In $57 Range

August contract crude climbed back up to $57.80 a barrel after opening at $56.80 on the New York Mercantile Exchange in morning trades. Brent crude took off this morning to $56.70, up a dollar from the opening. Heating oil was up 4 cents and gasoline was up two.

Oil Traders Stamp $60 A Barrel, How Far is $70?

Oil prices continue to skyrocket like a titan rocket this as demand heats up, production has no real growth right now and worldwide demand continues to shoot through the roof. The price hit $60.85 in morning trades on the New York Mercantile Exchange.

Oil Crashes The $60 Barrier

As oil prices passed $60 per barrel, investors began a selloff that dropped the Dow to a 10 week low.

Oil Prices Aim For $60: How High Can It Fly

Oil prices set record highs again yesterday, hitting $59.85 a barrel at one point. Traders seem poised to knock $60 a barrel down and leave it in the dust as contracts from the 4th quarter cracked $61. The big question many are asking is what price can the market actually support.

Oil Prices Hit Records and Are Expected To Get Higher

Oil prices reached record highs yesterday with crude going up $1.89, or 3.3%, to $58.47 a barrel. Futures reached $58.60 a barrel. The previous record was $58.28 in April.

Oil Prices Crudely Crack Record: $58.60 A Barrel

Oil prices soared on Friday wiping away the previous record of $58.28 set back in early April. Trading on the July contact settled in at $58.47 and since trends don't show signs of slowing, most experts expect the $60 a barrel mark shortly, maybe even next week.

Crude Cracks Record: $58.60 A Barrel

Consumers cringed in fear today as oil prices skyrocketed almost two dollars today. After hitting the $58.60 mark, it settled down to $58.47 for the contract set for July delivery. The previous record was set back in April at $58.28. It won't stop there.