Oil fell almost $1 a barrel Friday, finishing the week at $96.13, its lowest closing price this year, Bloomberg reported.
May 11, 2012Business, Fuel
Oil Finishes Week at 2012 Low
Business, Fuel
Oil Rises to Over $97 a Barrel
Oil rose for the first time in more than a week Thursday, gaining 27 cents to just over $97 a barrel, after falling for six straight trading days, Bloomberg reported.
May 10, 2012Business, Fuel
Sunoco Being Sold; Delta Buying East Coast Oil Refinery
Two big deals affecting the refinery of crude oil in the Northeast were announced this week: Delta Air Lines will buy a Philadelphia area refinery and Sunoco Inc. is being sold for $5.3 billion.
May 1, 2012Business, Fuel
Oil Trades Near Four-Week High $105 a Barrel
Oil traded near a four-week high just below $105 a barrel early Monday, on signs of economic recovery in Asia, Bloomberg reported.
April 30, 2012Business, Fuel
Oil Finishes Week Over $103 a Barrel
Oil rose almost $2 on Thursday to finish the trading week at $103.31 a barrel, following an earlier report that jobless claims fell to the lowest level in four years, Bloomberg reported.
April 6, 2012Business, Fuel
Oil Falls to Seven-Week Low $101.47 as Output, Supplies Surge
Oil fell more than $2.50 Wednesday to finish the trading day at a seven-week low $101.47 a barrel, following a report that crude inventories took their biggest jump in four years, Bloomberg reported.
April 4, 2012Business, Fuel
Oil Holds Near Six-Week Low $103 a Barrel
Oil rose slightly in early trading Monday but held near a six-week low just over $103 a barrel, Bloomberg reported.
April 2, 2012Business, Fuel
Oil Slips as Feds Consider Tapping SPR
Oil fell for the first time in four days Wednesday following a Department of Energy report that showed crude inventories rose, while the department considered tapping the government’s Strategic Petroleum Reserve, Bloomberg reported.
March 28, 2012Business, Fuel
Oil Rises Over $107 Following Iran Report
Oil rose almost $2 to more than $107 a barrel Friday following a report that Iranian crude exports may drop due to sanctions, Bloomberg reported.
March 23, 2012Business, Fuel
Oil Falls Below $105 a Barrel
Oil fell more than $2 to below $105 a barrel Thursday, the lowest level in more than two weeks, Bloomberg reported.
March 22, 2012