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• Oil Price Drops 8%

  Oil fell as much as 8 percent on Friday, kicking off 2009 on a weak note. US light, sweet crude fell $2.94 to $41.66 a barrel after earlier sliding by as much as $3.52, or almost 8 percent, reversing a part of Wednesday's $5.57 a barrel gains. Oil... Posted Jan 07 2009, 04:39 AM by patience with | with no comments Filed under: Oil prices, fell as much as 8 Percent

• Oil prices Rise Above $50

  Oil prices rose above $50 a barrel yesterday in Asia as investors gained some confidence from reports that U.S. President-elect Barack Obama, has chosen an economic team to tackle what could be the worst slowdown in decades. Light, sweet crude for January... Posted Nov 25 2008, 07:29 AM by patience with | with no comments Filed under: Oil prices, oil prices go up in Asia yesterday

• Oil Prices Near $64

  Oil prices jumped to nearly $64 a barrel yesterday as world stock markets rallied on news of a massive Chinese economic stimulus plan that could underpin demand for crude. In London, December Brent crude rose $2.28 to $59.63 a barrel on the ICE Futures... Posted Nov 11 2008, 11:25 AM by daisy with | with no comments Filed under: Oil prices, experiencing spillover

• Oil Falls Below $88

  Oil prices fell below $88 a barrel yesterday in Asia due to investor fears that crude demand will weaken as turmoil in the financial system pushes economies in the US and Europe into recession. Light, sweet crude for November delivery was down by $1.39... Posted Oct 10 2008, 01:06 PM by daisy with | with no comments Filed under: headline, Oil prices, OPEC

• Oil Falls Below $97

  Crude oil prices fell by more than $2.00 to below $97 a barrel yesterday after the U.S. Senate's approval of a $700-billion bailout of the financial industry failed to allay concerns over weakening demand and growing supplies in the country. U.S.... Posted Oct 03 2008, 05:06 PM by daisy with | with no comments Filed under: Price hikes, Oil prices

• Oil Prices Begin To Rise

  Oil prices rebounded yesterday in Asia as traders viewed a two-day $10 drop as overdone and driven more by market jitters than by fundamentals. Light, sweet crude for October delivery rose $3.50 to $94.65 a barrel in electronic trading on the New York... Posted Sep 18 2008, 01:41 PM by daisy with | with no comments Filed under: Price hikes, Oil prices

• Oil prices will double by the end of next year, says industry giant

  The price of oil could nearly double by the end of next year, the world's largest gas producer has warned. Russian oil giant Gazprom predicts that the figure per barrel could hit $250 before 2009 is over.Oil, which peaked last week at a fraction under... Posted Jun 12 2008, 12:26 PM by daisy with | with no comments Filed under: headline, Oil prices, Gazprom oil price research

• Oil Hits $135

  Oil prices jumped to a new record above $135 a barrel yesterday after the United States government reported that supplies of crude oil and gasoline fell unexpectedly last week. The commodity’s rise in the futures market again pressured consumers by pulling... Posted May 23 2008, 12:20 PM by daisy with | with no comments Filed under: headline, Price hikes, Oil prices