Oil Slides Following DOE Report
Oil declined $1.50 to below $77 a barrel following a Department of Energy report that showed crude inventories rose by 2 million barrels last week, Bloomberg reported.
June 23, 2010Oil Takes Biggest Gain Since September
Oil rose almost $3 Wednesday to more than $71 a barrel — its biggest single-day gain since September — following several positive economic indicators, Bloomberg reported.
May 26, 2010Oil Continues to Fall, Dropping Below $70 a Barrel
Oil prices continued to fall Wednesday, dropping under $68 a barrel a day after closing below $70 for the first time in eight months, Bloomberg reported.
May 19, 2010Oil Falls $2 to Finish Week Near $75 a Barrel
Oil prices declined $2 Friday, capping an $11 week-long plunge to finish the week near $75 a barrel, Bloomberg reported.
May 7, 2010Crude Spill May Threaten Some Gulf Oil Operations
A growing oil slick in the Gulf of Mexico well in the Gulf of Mexico could hamper production, shipping and refining of oil and natural gas in Mississippi, Alabama and Louisiana, Bloomberg reported Monday.
May 3, 2010Oil Takes Biggest Drop in 10 Weeks
Oil fell by the most in 10 weeks Friday, tumbling more than $2 to just over $83 a barrel as stocks declined, Bloomberg reported.
April 16, 2010Oil Falls for Sixth Time in Seven Days
Oil declined for the sixth time in seven days Thursday, falling 33 cents to $85.51 a barrel, Bloomberg reported.
April 16, 2010Oil Falls Below $85 a Barrel
Oil fell almost 50 cents Friday to close the trading day below $85 a barrel for the first time this week, Bloomberg reported.
April 9, 2010Oil Slips Following Inventory Report
Oil prices declined early Wednesday following a report that showed supplies improved last week, Bloomberg reported.
April 7, 2010Obama Announces Plan to Increase Drilling
The Obama administration announced last week it intended to allow more drilling for oil off the U.S. coastline, but several industry and business groups said the proposal did not go far enough.
April 5, 2010