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Oil edges up on book squaring, but posts big weekly drop

Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month. FULL STORY »

Midwest gasoline prices: some relief in sight

Gasoline prices throughout the Midwest, also known as Petroleum Administration for Defense District (PADD) 2, have been trending sharply higher since mid-April. FULL STORY »

Oil set for biggest weekly drop since mid-April

Oil was poised to post its biggest weekly loss in more than a month as Brent fell below $102 per barrel on Friday, pressured by ample supply and a sluggish economic recovery that could dent demand for fuel. FULL STORY »

Oil prices pare losses on U.S. equities turnaround

Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in U.S. equities to end flat. FULL STORY »

Natural gas outlook: Spot prices increase in most areas

Working natural gas in storage increased to 2,053 billion cubic feet (Bcf) as of Friday, May 17, according to EIA’s Weekly Natural Gas Storage Report. FULL STORY »

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