U.S. May Open SPR as Oil Nears $107 a Barrel
Oil prices continued their upward trend, nearing $107 a barrel early Monday, and President Obama’s chief advisor said the administration is considering releasing some oil from the Strategic Petroleum Reserve to staunch soaring prices.
March 7, 2011ATA Backs More Domestic Oil Production
American Trucking Associations has urged the Obama administration to open up opportunities for domestic oil production as a way to lessen the impact of political tumult in the Middle East.
March 3, 2011Oil Closes Over $100 a Barrel for First Time Since 2008
Oil closed over $100 a barrel Wednesday for the first time since September 2008, Bloomberg reported.
March 2, 2011Oil Closes at 29-Month High
Oil closed at a 29-month high near $100 a barrel on continued concerns about Middle East political unrest, Bloomberg reported.
March 2, 2011Oil Trades Near $100 a Barrel
Oil traded near $100 a barrel early Monday, its highest level in more than two years, as ongoing Middle East political turmoil raised concerns that production may be disrupted further, Bloomberg reported.
February 28, 2011Oil Finishes Week Over $86 a Barrel
Oil fell slightly Friday but finished the trading week over $86 a barrel to the New York Mercantile Exchange, Bloomberg reported.
February 18, 2011Oil Holds Below $90 a Barrel
Oil held below $90 a barrel for a second trading day Monday, its lowest in a week, as concerns about Egyptian unrest eased and U.S. gasoline supplies rose, Bloomberg reported.
February 7, 2011Oil Pushes Past $90 a Barrel
Oil rose in early trading Monday to more than $90 a barrel after jumping almost $4 from a two-month low Friday on concerns over unrest in Egypt, Bloomberg reported.
January 31, 2011Oil Falls for Fourth Day, Finishing Week Near $89 a Barrel
Oil fell for the fourth straight day Friday, slipping 48 cents to closing the week at $89.11 a barrel, Bloomberg reported.
January 21, 2011Oil Rises from Three-Week Low
Oil rose in early trading Monday after finishing Friday at a three-week low near $88 a barrel, Bloomberg reported.
January 10, 2011