Crude oil prices fell again Wednesday as demand was forecast to continue declines and as oil companies geared up to restart offshore oil and gas platforms in the Gulf of Mexico and refineries along the Gulf Coast that were shut down ahead of Hurricane Gustav, which caused much less damage to facilities than had been feared ahead of the storm. While there are three more tropical storms in the Atlantic which are... [read full story]
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Oil prices have dipped below $106 as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use. US light, sweet crude fell as low as $105.16 a barrel before recovering to settle down...
Crude oil prices fell again Friday on data showing that unemployment in the United States rose to 6.1 percent in August, a higher level than had been anticipated, raising fears that demand will erode further. The declines...
Updated Fri. Sep. 5 2008 7:01 AM ET The Canadian Press CALGARY -- Many consumers misunderstand the relationship between the price of crude and the retail level of gasoline, says Calgary energy industry consultant Michael...
Finance, Banking & Insurance, Investing & Markets, Commodity Markets, Fuels Markets, Energy Markets, Crude Oil Markets
