Gasoline

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 »

Oil price falls nearly 2 pct on China slowdown

The price of oil fell nearly 2 percent Thursday as the global economic slowdown took a toll on China. FULL STORY »

Gasoline and diesel prices fall for five consecutive weeks

The U.S. average retail price of regular gasoline fell for the fifth straight week, declining over a penny to reach $3.42 per gallon. The average price is $0.60 per gallon higher than last year at this time. FULL STORY »

Oil slips to near $84 amid demand forecast cuts

Oil prices fell to near $84 a barrel Thursday due to retreating equity markets, slower export growth in China and lowered forecasts for global demand for crude. FULL STORY »

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