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  • Oil Settles Past $131 on Tropical Storm Threat Monday, 21 Jul 2008 | 3:09 PM ET
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    Oil prices rose Monday on a threat of new sanctions against Iran and as Tropical Storm Dolly headed into the Gulf of Mexico, prompting a hurricane watch for parts of Texas and Mexico.

  • Secretary of State Condoleezza Rice.

    U.S. Secretary of State Condoleezza Rice accused Iran on Monday of using stalling tactics and warned Tehran it faced more sanctions if it flouted a two-week deadline to curb its nuclear program.

  • UK's Brown Warns Iran in Nuclear Standoff Sunday, 20 Jul 2008 | 10:14 PM ET
    British Prime Minister Gordon Brown.

    In the first speech to the Israeli Knesset by a British prime minister, Gordon Brown on Monday will warn Iran it faces growing isolation if it rejects an offer from major powers on its disputed nuclear program.

  • Oil Settles Below $129, Now Down 13% From Peak Friday, 18 Jul 2008 | 3:37 PM ET
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    Oil fell for the fourth consecutive day, pulled lower by growing demand concerns and easing tension between Iran and the West.

  • Oil Prices Settle Below $130 in Volatile Trading Thursday, 17 Jul 2008 | 3:08 PM ET
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    Oil prices fell sharply in afternoon trading to below $130 a barrel as uncertainty about the overall trend for the commodity continued.

  • Oil Prices Settle Below $134 as Supplies Increase Wednesday, 16 Jul 2008 | 3:26 PM ET
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    U.S. crude oil futures ended lower for the second day in a row as government inventory data showed surprise increases in crude and gasoline stocks.

  • Oil Fever Breaking? Wednesday, 16 Jul 2008 | 2:32 PM ET
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    I think it's WAY too early to say "oil fever is breaking" or call a top here for oil prices. Yes, oil futures dropped sharply again today, gold has followed ,and the grains (corn, wheat, soybean futures) are also down.

  • Kilduff: Consumers Should Enjoy Oil Price Fall--For Now Wednesday, 16 Jul 2008 | 12:19 PM ET
    John Kilduff

    As I have been saying, much of the recent sizzle in the race toward almost daily record price levels is attributable to the tensions over Iran, and the recent tangible statements and actions by Israel, Iran, and the US, in terms of military exercises.

  • Oil Prices Plummet Over $6 Amid Economic Fears Tuesday, 15 Jul 2008 | 3:37 PM ET
    Oil Refinery in California

    Oil prices fell harder than they have in 17 years on a dollar basis Tuesday, as fears that record fuel prices are spreading broad economic pain led to the third big sell-off in just over a week.

  • Oil Prices Settle Above $145 on Supply Worries Monday, 14 Jul 2008 | 3:39 PM ET

    Oil rose slightly above $145 Monday as supply concerns in Brazil in the midst of an energy workers strike outweighed ongoing worries that high fuel costs are dragging down consumer nation demand.

  • Oil Rises Sharply, Closes Near $145 on Iran Fears Friday, 11 Jul 2008 | 4:41 PM ET
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    U.S. crude oil futures ended more than 2 percent higher as geopolitical and supply worries combined to lift prices to an all-time high.

  • Oil Prices Settle Above $141 Amid Production Threats Thursday, 10 Jul 2008 | 4:17 PM ET
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    Oil prices jumped nearly $6 to above $141 a barrel Thursday amid threats to production in Nigeria and Brazil and as additional missile tests by Iran escalated tensions with the West.

  • France's Total Backs Off Iran Gas Project Thursday, 10 Jul 2008 | 7:25 AM ET

    French energy giant Total SA said Thursday it is too risky to invest in Iran for now, raising questions about the future of western involvement in developing Iranian gas reserves.

  • Iran: G8 to Blame for High Oil Price Wednesday, 9 Jul 2008 | 7:30 AM ET

    Iran's OPEC governor said on Wednesday the oil market was saturated and blamed policies of the Group of Eight (G8) rich countries for a price surge, the state broadcaster reported on its website.

  • Iran Tests Missiles, Says Could Reach Israel, US Bases Wednesday, 9 Jul 2008 | 7:18 AM ET

    Iran test fired nine long- and medium-range missiles on Wednesday, state media said, including one which it has said could reach Israel and U.S. bases in the region.

  • Military Move Would Push Oil Price Sharply Up: Iran Saturday, 5 Jul 2008 | 12:17 PM ET
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    Iran's oil minister said any military attack aimed at curbing Tehran's nuclear work will push crude prices to "unpredictable" highs, the website of the country's Oil Ministry reported on Saturday.

  • Eni CEO Sees Oil Prices Rising Further: Paper Wednesday, 2 Jul 2008 | 3:53 AM ET

    Record-high international oil prices will keep rising until Western countries rein in their demand, Paolo Scaroni, chief executive of Italy's biggest oil and gas company Eni, was quoted as saying on Wednesday.

  • Saudi and China Make Biggest Impact On Oil Friday, 20 Jun 2008 | 4:35 PM ET
    Saudi Arabia

    Washington has been talking tough on oil prices on several fronts, calling for new trading regulations on speculators and reopening offshore oil drilling. But it's successful jawboning two of our major allies that seems to have had the biggest impact on prices this week.

  • Understanding “Speculators” Friday, 20 Jun 2008 | 11:14 AM ET

    The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.

  • World oil producers and consumers should work on removing sanctions and soothing Middle East security fears to boost investment in new production capacity, Iran's OPEC governor said on Friday.