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Tag Archives: oil prices

Dow plunges as oil dips below $50, sinking energy stocks

NEW YORK — US stocks fell sharply Monday, led by declines in energy stocks as the price of oil plunged again. The euro sank to a nine-year low against the dollar as new doubts surfaced about Greece’s future in the common currency bloc. KEEPING SCORE: The Standard & Poor’s 500 index dropped 33 points, or 1.7 percent, to 2,024 as ...

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Summer gasoline prices to hold steady

Motorists planning a late-summer getaway should find gasoline prices little-changed through August. The national average for a gallon of unleaded gasoline was $2.774 yesterday, according to AAA, Wright Express and Oil Price Information Service. That’s about 3.9 cents higher than a week ago and 13.1 cents higher than a year ago. An oil price rally caused the week-over-week increase, but ...

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Oil falls below $81 a barrel as investors watch Fed

SINGAPORE — Oil prices fell below $81 a barrel today in Asia as investors looked to a Federal Reserve meeting for possible policy changes to boost U.S. economic growth. Benchmark crude for September delivery was down 56 cents at $80.92 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 78 ...

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Oil prices continue to fall on debt fears

LONDON — Oil prices fell to near $71 a barrel today, extending last week’s losses amid fears that U.S. job gains are slowing and that the European debt crisis may be spreading. Benchmark crude for July delivery was down 20 cents to $71.31 a barrel at late morning European time after falling to as low as $69.51 earlier in the ...

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Oil prices continue free-fall

SINGAPORE — Oil prices fell to near $68 a barrel today in Asia, extending losses to an eight-month low as mixed U.S. crude supply figures failed to stem a two week sell-off. Benchmark crude for June delivery was down $1.06 to $68.35 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract ...

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Oil prices rise to more than $84 a barrel

Oil prices rose above $84 a barrel today, though gains were tempered by signs of weak U.S. crude demand and an escalating European debt crisis. By early afternoon in Europe, benchmark crude for June delivery was up 97 cents to $84.19 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 78 cents to settle at ...

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Oil prices affected by attacks, weather

Oil prices rose above $73 a barrel today, driven by news of attacks on an oil pipeline in Nigeria and persistently cold weather in the U.S. northeast. Prices were kept in check, however, by stalling stock markets in Europe and Asia and the continued strength of the U.S. dollar, which made crude more expensive for investors holding other currencies. By ...

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Gasoline prices still rising

Gasoline prices on Monday continued their push toward $3 per gallon. The only question now is when. Prices have been jumping on the back of a strong oil market where the cost for a barrel has spiked 20 percent in the past month on the New York Mercantile Exchange. Skyrocketing gasoline prices couldn’t come at a worse time for motorists, ...

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Oil prices fall due to sluggish demand

Traders work the crude oil options pit at the New York Mercantile Exchange Wednesday, Jan. 6, 2010 in New York, according to The Associated Press. One of the worst winter blasts in years could not obscure the enormous amount of crude and gasoline the U.S. has in storage and most energy prices began to give way Wednesday. Oil prices fell ...

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