Crude Oil

Oil prices rise on more encouraging economic news

Oil prices rose sharply Thursday on hopes that the economies of the U.S. and Europe could recover and avoid another recession. Jobless claims fell and factory orders rose in the U.S., and a key interest rate was cut in Europe. FULL STORY »

Gasoline prices drop a penny while diesel prices jump

The U.S. average retail price of regular gasoline fell for the seventh time in eight weeks, shedding a penny to reach $3.45 per gallon. FULL STORY »

Oil prices rise on Europe hopes

Oil prices rose Thursday on hopes that the European economy would recover with the help of an interest rate cut. FULL STORY »

Oil price rises on encouraging economy news

The price of oil rose Wednesday with investors focusing on upbeat news about the U.S. economy. FULL STORY »

Oil above $93 as EU plans talks on Greek debt vote

Oil prices rebounded to above $93 a barrel Wednesday as markets digested the Greek prime minister's decision to hold a referendum about his country's latest rescue package and awaited word on possible measures to boost economic growth from the U.S. Federal Reserve. FULL STORY »

Oil price falls with stocks on Europe worries

Oil dropped Tuesday with the stock market as a surprise call for a referendum in Greece threatened to derail a plan to bolster Europe's banks. FULL STORY »

Oil below $91 as faith in Europe debt plan fades

Oil prices fell below $91 a barrel Tuesday as the initial optimism about Europe's plan to resolve its debt crisis faded, dragging down stock markets and weakening the euro. FULL STORY »

Oil falls below $93 amid slowing global economy

Oil prices fell below $93 a barrel Monday in Asia as investors mulled whether slowing global economic growth justified a surge in crude this month. FULL STORY »

Oil prices lower a day after big gains

Oil prices dropped Friday as investors acknowledged that Europe needs to tighten its belt for years to work through a credit crisis and factory production stalled in Japan. FULL STORY »

Oil price lower a day after big rally

Oil prices are lower alongside modest declines on Wall Street as investors acknowledge that Europe needs to tighten its belt for years as it works through a credit crisis. FULL STORY »

Oil jumps 4 percent on positive US, European news

Oil jumped more than 4 percent Thursday as the U.S. economy grew and Europe appeared to turn the corner on its debt crisis. FULL STORY »

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