Crude Oil

Oil prices tumble as stock market pulls back

Oil prices tumbled more than 2 percent Wednesday, following a broad sell-off on Wall Street. FULL STORY »

Japan: Liquid fuels use since the 2011 earthquake and tsunami

Earthquakes usually exact a limited toll on the global economy. The earthquake and tsunami that struck Japan in March 2011 was different, however, as energy markets across the globe felt the impact. FULL STORY »

Gasoline and diesel prices rise for the first time in recent weeks

The U.S. average retail price of regular gasoline rose for the first time in six weeks, increasing almost six cents to reach $3.48 per gallon. FULL STORY »

Oil up near $89 after US crude supplies drop

Oil prices edged up toward $89 a barrel on Wednesday after a report showed U.S. crude supplies unexpectedly fell last week, suggesting demand could be improving, and the dollar weakened against the euro. FULL STORY »

Oil prices rise on economic news

Oil prices climbed Tuesday on expectations of a slower — but still growing — global economy. FULL STORY »

Oil hovers above $86 amid Europe debt plan doubts

Oil prices hovered above $86 a barrel Tuesday as economic growth in China slowed slightly and German officials dampened hopes that a broad plan to contain Europe's debt crisis will be completed this week. FULL STORY »

Oil prices fall with Europe debt plan elusive

Oil prices fell Monday as Europe's ongoing debt crisis fueled concerns about future energy demand. Benchmark crude finished down 42 cents at $86.38 per barrel in New York, while Brent crude, used to price international varieties of oil, fell $2.07 to end at $110.16 a barrel in London. FULL STORY »

Oil up to near $87 on European debt plan hopes

Oil prices inched back up to near $87 a barrel Monday as market sentiment improved on hopes for a European debt crisis deal and as upbeat U.S. retail sales data boosted hopes that the world's biggest economy will avoid recession. FULL STORY »

Oil prices rise near $87 as recession fears ease

A series of encouraging economic reports sparked oil prices Friday, pushing the benchmark to the highest level in nearly a month. FULL STORY »

U.S. oil outlook: Liquid fuel consumption rate grows

Total consumption of liquid fuels in 2010 grew by about 410 thousand bbl/d, or 2.2 percent, the highest rate of growth since 2004. FULL STORY »

World oil outlook: 2011 global consumption below expectations

EIA expects OPEC crude oil production to decline by 30 thousand bbl/d in 2011. This is in sharp contrast to the last Outlook, in which EIA expected total OPEC crude oil production to decline by 360 thousand bbl/d. FULL STORY »

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