Peter Beutel

UPDATE 7-Oil drops 3 percent, set for record monthly slide

NEW YORK, Oct 31 (Reuters) - Oil prices fell nearly $2 on Friday as weak demand and the global economic crisis put crude on track for its biggest monthly drop ever. It is down by around 35 percent for October, its steepest...

Oil prices slide on economic woes

Gregory Meyer | October 31, 2008 OIL prices retreated in New York, giving up a piece of the prior session's gains on stubborn concerns about poor petroleum demand. Light, sweet crude for December delivery settled down $US1.54,...

QUOTEBOX-US energy sector on presidential candidates' plans =2

Source: Reuters PETER BEUTEL, OIL ANALYST, CAMERON HANOVER, NEW CANAAN, CONNECTICUT "Neither has an energy policy that is completely fleshed out yet. Obama wants to drill on existing land. McCain wants to ...

QUOTEBOX: Energy sector on presidential candidates' plans

U.S. energy policy has been at the fore of the 2008 presidential race due to growing concerns about energy costs, U.S. reliance on foreign oil and environmental issues. Republican candidate John McCain and Democratic candidate...

QUOTEBOX-US energy sector on presidential candidates' plans

Source: Reuters Oct 29 (Reuters) - U.S. energy policy has been at the fore of the 2008 presidential race due to growing concerns about energy costs, U.S. reliance on foreign oil and environmental issues. Republican ...

Oil at 17-month low as gas demand falls

Crude prices down slightly after credit card survey shows reduced demand for gasoline. Crude oil prices fell Tuesday after a report showed a decline in consumers' gasoline use last week, fanning fears of a drop in demand....

Oil ends at a 17-month low on lower gasoline demand (CNNMoney.com)

Tuesday October 28, 3:13 pm ET By Kenneth Musante, CNNMoney.com staff writer Crude oil prices fell Tuesday after a report showed a decline in consumers' gasoline use last week, fanning fears of a drop in demand. Demand: Concern...

Oil retreats as demand falls

Crude prices fall slightly after credit card survey shows reduced demand for gasoline. Crude oil prices fell Tuesday, after a report on consumer spending showed a decline in gasoline use last week, fanning fears of a drop in...

Oil rebounds as stocks advance

Crude follows upturn on Wall Street, which points to less concern about recession and falling oil consumption. Crude oil prices rebounded Tuesday, after hitting a 17-month low, as a resurgent stock market quelled recession...

Oil falls near 18-month low as investors gauge demand

HOUSTON - Oil prices waffled yesterday, touching their lowest levels in nearly a year and a half but also showing some strength after a surprisingly upbeat home sales report gave investors a glimmer of hope that the housing...