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Oil Prices Slip On Stockpile News

US stockpiles grew at a much higher rate than expected by industry analysts, according to the Energy Department.

Oil Futures Hold Fast At $47

Light, sweet crude continues to hover around the $47 mark climbing as high as $48.05 but then going back down. Gasoline went up 2 cents to $1.44 a gallon and Brent North Sea crude is 58 cents this morning to $48.68.

Descension In the Tanks: Oil Prices Plunge

Oil prices plunged down today to $47 before settling at $47.25. The prices for light sweet crude as OPEC regains control over the market from speculators who drove prices up over $58 a barrel in early April. Brent North Sea crude was down $1.19 cents at $48.15.

Oil Prices Show Sensitivity To Refining Capacity

Though OPEC is nearly at capacity in oil production, prices have started to rise on refinery concerns.

Oil Prices Steady While Saudis Cover Supply

Light sweet crude settled at $48.97 up 36 cents for the day on Tuesday after dropping to $47.60 on Monday. Prices steadied today after promises to cover demand from OPEC and Saudi Arabia and expectations of U.S. inventory growth in the U.S. Dept. of Energy Report on Wednesday.

Oil Prices Fall For Third Day In a Row

Oil prices fell for the third day in a row to under $48 a barrel yesterday as supplies continue to increase in the United States and demand growth gets slower in China.

Oil Stockpiles Increase As Prices Drop

After a week of gains, oil prices per barrel fall to just above the $50 mark in trading on news of surpluses.

Oil Prices Sit While OPEC Ponders Production Levels

Light sweet crude prices climb almost to the $53 mark up 67 cents at $52.70 this morning. Meanwhile OPEC leaders begin to discuss possible production increases for June. Brent North Sea crude is up about 75 cents at $51.68 this morning. Gasoline prices are up 3 cents this morning at $1.50 a gallon.

Oil Rises For 3rd Consecutive Day On Friday

With refineries struggling to step up production, oil prices went up for the third consecutive day.

Oil Futures Remain Relatively Steady

Prices for U.S. light crude bounced around a bit today and then settled in for the weekend at $50.96 a barrel. The low dropped to $50.05 and at one point shot up to $52.30 a barrel. Brent North Sea crude was down 36 cents at $50.77