Oil prices declined $2 Friday, capping an $11聽week-long plunge to finish the week near $75 a barrel, Bloomberg reported.
May 7, 2010BusinessFuel
Oil Continues to Fall, Dropping Below $70 a Barrel
Oil prices continued to fall Wednesday, dropping under $68 a barrel a day after closing below $70 for the first time in eight months, Bloomberg reported.
May 19, 2010BusinessFuel
Crude Spill May Threaten Some Gulf Oil Operations
A growing oil slick in the Gulf of Mexico well in the Gulf of Mexico could hamper production, shipping and refining of oil and natural gas in Mississippi, Alabama and Louisiana, Bloomberg reported Monday.
May 3, 2010BusinessFuel
Oil Takes Biggest Drop in 10 Weeks
Oil fell by the most in 10 weeks Friday, tumbling more than $2 to just over $83 a barrel as stocks declined, Bloomberg reported.
April 16, 2010BusinessFuel
Oil Falls for Sixth Time in Seven Days
Oil declined for the sixth time in seven days Thursday, falling 33 cents to $85.51 a barrel, Bloomberg reported.
April 16, 2010BusinessFuel
Oil Falls Below $85 a Barrel
Oil fell almost 50 cents Friday to close the trading day below $85 a barrel for the first time this week, Bloomberg reported.
April 9, 2010BusinessFuel
Oil Slips Following Inventory Report
Oil prices declined early Wednesday following a report that showed supplies improved last week, Bloomberg reported.
April 7, 2010BusinessFuel
Obama Announces Plan to Increase Drilling
The Obama administration announced last week it intended to allow more drilling for oil off the U.S. coastline, but several industry and business groups said the proposal did not go far enough.
April 5, 2010BusinessFuel
Obama Proposes Expanding Offshore Oil Drilling
President Obama announced plans Wednesday to allow expanded oil and natural-gas drilling off the U.S. East Coast and in the Gulf of Mexico.
March 31, 2010BusinessFuel
Oil Climbs Toward $81 a Barrel
Oil rose in early trading Monday to near $81 a barrel as the U.s. dollar fell versus the euro, Bloomberg reported.
March 29, 2010