Phil Flynn

Oil prices fall again as demand for fuel withers

Oil prices continued to fall Tuesday as a government report showed that gasoline prices in October plunged further than they ever have and home heating oil, natural gas, and liquefied petroleum gas fell substantially.

Oil prices fall again as demand for fuel in United States withers

Mark Williams, The Associated Press COLUMBUS, Ohio - Oil prices continued to fall Tuesday as a U.S. government report showed that gasoline prices in October plunged further than they ever have and home heating oil, natural gas,...

Oil prices steady near 22-month lows

World oil prices held steady on Wednesday at their lowest levels in about 22 months but analysts said they will drop even lower because of worries over falling energy demand. New York's main oil futures contract, light sweet...

Oil drops more than 3 percent on global recession fears

NEW YORK (Reuters) - Oil prices dropped more than 3 percent on Monday to the lowest level in nearly 22 months as Japan became the latest major economy to fall into recession, stoking concerns that global fuel demand will fall...

Futures Movers: Oil swings erratically with falling demand in focus

Oil swings with demand under scrutiny U.S. industrial production climbs, but Japan's economy enters recession By Myra P. Saefong & Polya Lesova, MarketWatch SAN FRANCISCO (MarketWatch) -- Crude-oil futures prices were a bit...

Mexico spends $1.5 bln to hedge falling oil prices

Mexico, the third-largest supplier of oil to the U.S., has spent $1.5 billion since July to hedge against falling oil income and protect public spending for 2009, Treasury Secretary Agustin Carstens said Thursday.

Dow up 553 as stocks storm back from 2008 lows

Buyers suddenly snap up stocks, bringing the Dow back from a 300-point loss. Intel slashes fourth-quarter guidance. Wal-Mart posts a profit but narrows its outlook. Initial jobless claims hit a 7-year high. Foreclosures jump in...

NYMEX-Crude stays down midday on EIA product build

NEW YORK, Nov 13 (Reuters) - U.S. crude futures stayed down Thursday afternoon after the U.S. government's petroleum inventory data showed that gasoline stocks rose much more than expected. Heating oil stocks, a major component...

Price of oil drops to $56 a barrel

Oil prices fell to $56 a barrel Wednesday as awful numbers from retailers and a dismal outlook from automakers lent yet more evidence that the United States and the rest of the globe will slash its energy use.

Petrol prices fall again after oil plunges

Petrol prices have fallen again this morning following another plunge in oil prices overnight. Oil fell below US$56 a barrel overnight as newly released US figures predicted bigger than expected drops in energy consumption. The...

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