Oil rose from the lowest close in more than 12 years in New York as volatility climbed amid speculation that prices have fallen too fast.
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Oil Seen Heading to $20 on Dollar Strength, Morgan Stanley Analysts Say
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
January 11, 2016Diesel Falls to $2.177, Down 3.4¢; Gasoline Below $2
The U.S. average retail diesel price fell for the ninth consecutive week, down 3.4 cents a gallon to $2.177, the Department of Energy reported Jan. 11.
January 11, 2016Diesel Drops 2.4¢ to $2.211; Oil Inventories Hit New Peak
The U.S. average retail diesel price fell for the eighth consecutive week, dropping 2.4 cents a gallon to $2.211, as oil inventories stood at the highest point in nearly a century, the Department of Energy reported Jan. 4.
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January 11, 2016Oil Near 12-Year Low as China Volatility Stays in Focus
Oil traded near a 12-year low Jan. 8 as investors focused on volatility in Chinese markets after the country sought to quell losses in equities and stabilize its currency.
January 8, 2016Oil Drops to 11-Year Low Despite Tension Between Saudi Arabia, Iran
Oil prices dropped over 2% toward its 11-year low Jan. 5 as traders shrugged off growing tension between two of the world's biggest oil producers and focused on a stronger U.S. dollar and swelling U.S. crude inventories.
January 6, 2016Kentucky Gov. Matt Bevin Cuts Transportation Budget
Gov. Matt Bevin’s first move on transportation in Kentucky was to slash $112.5 million from the state budget in that area because of a revenue shortfall blamed on less money coming in from fuel taxes.
January 6, 2016Washington Moves Cause Biodiesel Prices to Jump 10%
Spot biodiesel prices have jumped at least 10% because of moves in Washington since Nov. 30, when the Obama administration increased consumption targets for the fuel. About three weeks later, Congress reinstated a $1-a-gallon tax credit for blending it.
January 4, 2016Diesel Falls Again, Down 2.4¢ to $2.211
The U.S. average retail diesel price fell for the eighth consecutive week, down 2.4 cents a gallon to $2.211, the Department of Energy reported Jan.4.
January 4, 2016Interactive Graphic: 2015 Week-By-Week Diesel Price
The national average price of diesel fell from $3.137 after the first week of 2015 to $2.235 after the final week. See everything in-between in this interactive graphic.
January 1, 2016