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Crude Oil Shoots to $52 a Barrel and Still Climbing

Light sweet crude prices continue to climb hitting $52.30 a barrel in midday trading amid speculation OPEC won't be able to keep with rising oil demand in second half of the year.

Oil Prices Up As OPEC Lags In Production

A third consecutive day of increases push oil near $51 a barrel in yesterday's trading as signs indicate OPEC may not be able to meet summer demands.

Oil Prices Rising Again

A brief downturn below $50 per barrel has ended as demand worries push prices back up again.

Oil Under $50 A Barrel

A combination of increased output by OPEC and rising additions to US crude stocks push prices below $50.

Oil Prices Bounce After U.S. Inventories Rise

Oil prices bounce up and down this morning even after the U.S. Dept. of Energy announce a rise in inventories this morning. While light sweet crude dropped below the $48 mark immediately following the announcement, it quickly bounced back up to 20 cents over its opening price and then back down slightly to 15 cents at $49.35. Brent is trading down 27 cents at $50.25 and gas is down almost 2 cents $1.44 a gallon.

Oil Prices Plummet Below $50 Amid Higher Inventories

Light sweet crude prices dropped below $50 down $1.47 to $49.45 amid speculation of higher oil inventories on Tuesday. Brent crude trading in London was down 49 cents to $50.75. The U.S. Dept. of Energy releases their weekly report tomorrow and experts figure oil inventories will be up.

Oil Prices Open the Week Going Down

Light, sweet crude prices dropped its lowest in months after hitting highs of almost $60 a barrel in early April. Oil traded down about 37 cents this morning at $49.35. Gasoline is also trading down this morning almost 2 cents at $1.48 a gallon.

American Airlines Raises Fares To Keep Up WIth Oil

American Airlines is increasing most domestic U.S. and U.S.-Canada fares by $5 one-way and $10 round-trip.

Oil Futures Start Back Down

Oil futures start back down in early trading this morning with light sweet crude down 24 cents before the floor opens. Brent North Sea crude was down about 13 cents as well.

Crude Oil Prices Start Low

Light sweet crude started dropping this morning after huge drops in Wednesday following an announcement of high oil levels from the U.S. Department of Energy.