Energy
Oil pushes U.S. import prices higher, threatens consumers
The rising cost of oil pushed U.S. import prices higher in January, posing an additional threat to consumer spending, which is already under pressure due to higher taxes.
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High gasoline prices another hurdle for U.S. consumers
Rising gasoline prices are putting a squeeze on Americans already under pressure from higher taxes and are likely to restrain economic growth in the first quarter.
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Oil slips after IEA demand outlook cut tempers optimism
Oil fell slightly on Wednesday, after the International Energy Agency (IEA) cut its demand outlook, tempering optimism on the global economy which helped push oil to its highest in nine months last week.
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Oil rises on increased forecasts for demand growth
Oil prices rose on Tuesday after the U.S. Energy Information Administration (EIA) said world oil demand would grow faster than expected in 2013 and OPEC raised its outlook for the amount of crude it will need to pump this year.
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Ethanol plants idle as corn shortage and drought persists
In response to a dwindling supply of corn caused by last year’s devastating drought, 20 of the nation’s ethanol plants have been forced to temporarily suspend production. With the drought now lingering into 2013, some question what may be next for the controversial industry if this year’s corn crop will again be dented.
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Oil dips below $118 on euro zone worries
Oil dipped below $118 a barrel on Monday as investor concern about the euro zone economy offset stronger-than-expected demand growth in China.
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Oil hits 9-month high near $119 on strong China imports
Brent oil futures hit a nine-month high near $119 a barrel on Friday after data showed strong growth in Chinese oil imports, rounding out four straight weeks of gains for the contract and taking its premium over U.S. crude to more than $23.
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Oil rises towards $119 on China data, MidEast
Oil surged towards $119 per barrel on Friday as robust trade data from China strengthened the outlook for demand and rising tension in the Middle East stoked concern over supply.
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Brent oil near five-month high on Iran, WTI falls
Brent crude oil rose to a near five-month high above $117 a barrel o n Thursday after Iran rejected calls for direct talks with the United States, while U.S. crude prices fell on concerns about growing domestic stockpiles in the Midwest.
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Natural gas outlook: Energy usage responds to cold temperatures
Natural gas prices rose at most major regional trading locations this week, particularly in the Northeast.
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Oil rises above $117 ahead of ECB meeting
Oil rose above $117 a barrel on Thursday as traders awaited word from the European Central Bank (ECB) on the region's troubled economy while keeping an eye on renewed tensions over Iran's nuclear programme.
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