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Oil Prices Soar 4%
Oil prices jumped 4 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.
Oil Prices Soar
World oil prices soared in volatile trading las Monday on short-term supply uncertainties and a question mark over whether OPEC producers would soon open their taps.
Venezuela Crisis Deepens, Oil Prices Soar
As the politically induced strikes continue to sweep Venezuela, oil prices jumped to a two month high, reflecting the lack of output from the world's fifth largest oil exporter.
U.S. Petroleum Inventory Drops, Oil Prices Soar Higher
Oil's eight-month rally hit yet another high today as dealers cited news that U.S. petroleum inventories had dropped to near-three-year lows as proof OPEC supply…
U.S. Petroleum Inventory Drops, Oil Prices Soar Higher
Oil's eight-month rally hit yet another high Sept. 29 as dealers cited news that U.S. petroleum inventories had dropped to near-three-year lows as proof OPEC supply…
Offshore Drilling Sites Could Expand
As the clean-up and recovery in the wake of Hurricane Katrina proceeds, industry and lawmakers are apparently considering opening additional offshore sites for energy…