Gasoline

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 »

Oil price fluctuates around $86 per barrel

Fears of another recession have diminished as European financial leaders take steps to strengthen their banking system. Still, analysts predict tepid economic growth. Overall, research groups say the world is consuming oil at a slower pace than previously expected. FULL STORY »

Oil below $85 amid hope for EU debt crisis plan

Oil prices slipped below $85 a barrel Tuesday, as doubts surfaced about expanding a bailout plan in Europe and OPEC cut its estimate for world oil demand. FULL STORY »

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