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  • Oil Settles Below $60 as Economic Gloom Darkens Tuesday, 11 Nov 2008 | 3:18 PM ET
    Oil fields in Kirkuk.

    Oil prices tumbled around 5 percent on Tuesday as the deepening global economic crisis dragged down markets and raised expectations energy demand will slow further.

  • Oil Closes Above $62 on China Stimulus, Saudi Cuts Monday, 10 Nov 2008 | 3:22 PM ET
    Oil tanker

    Oil prices rose on Monday as Saudi Arabia's move to cut supplies and China's launch of a $600 billion economic stimulus plan aided market volatility.

  • Top oil exporter Saudi Arabia provided the most visible evidence yet of adhering to OPEC's deal to curb output by telling refiners in Asia that it would cut December supplies by 5 percent, term lifters said on Monday.

  • Qatar Oil Minister: Oil Price Should Stay Above $70 Monday, 10 Nov 2008 | 6:17 AM ET

    Oil should be above $70 a barrel to encourage investment in increased production capacity and avoid creating future supply crises, Qatar's oil minister said on Monday.

  • Oil Settles Above $70 After Saudi Cuts Supplies Tuesday, 4 Nov 2008 | 2:52 PM ET

    Oil prices jumped more than 10 percent on Tuesday on signs Saudi Arabia had made substantial cuts in its crude exports and as global financial markets rallied.

  • Saudi Makes Significant Oil Cuts to Some Buyers Tuesday, 4 Nov 2008 | 7:28 AM ET

    Top oil exporter Saudi Arabia has already cut significantly crude supplies to some of its customers, industry sources said on Tuesday, quelling doubts OPEC would stick to its latest output deal.

  • OPEC to Bail Out Oil? Thursday, 23 Oct 2008 | 6:31 PM ET

    Oil traders are nervously keeping an ear to the ground for the latest word from OPEC. 

  • Big Drop in Energy Prices May Not Soften Recession Friday, 17 Oct 2008 | 3:31 PM ET
    Gas Pump

    With unemployment rising and the credit crisis still far from over, cheaper gasoline and heating oil probably won't make much difference to consumers.

  • Worst Trading Period in Living Memory Coming: Manager Wednesday, 15 Oct 2008 | 9:31 AM ET

    The winter holidays are unlikely to bring relief to jittery investors as stock markets may fall between 10 and 20 percent within the next four months, Jason Forde, fund manager at Kepler Capital Markets said Wednesday.

  • Why Crude-Oil Prices Are About to Hit $100 a Barrel Thursday, 11 Sep 2008 | 4:43 PM ET

    You know the oil markets are in touble when even a hurricane can't stop prices from falling.

  • OPEC Output Cut Won't Stop Oil Prices From Falling Wednesday, 10 Sep 2008 | 11:34 AM ET

    OPEC's decision to for a modest cut in production isn't likely to stop crude prices from heading lower in the coming months, analysts said.

  • OPEC to Trim Excess Output, Talk to Russia Wednesday, 10 Sep 2008 | 9:07 AM ET

    OPEC on Wednesday deepened its links with major non-OPEC producer Russia and said it was cutting back output by around half a million barrels per day.

  • When Did $100 Oil Become Acceptable to Defend? Tuesday, 9 Sep 2008 | 7:15 AM ET

    Here in Vienna the sun is shining, it is 85 degrees outside and global energy concerns, hurricanes in the Gulf of Mexico, et al seem a long way away.

  • OPEC in Vienna: Calls Come For Output Cuts Monday, 8 Sep 2008 | 4:28 PM ET

    Senior oil officials from Iran and Libya said Monday that there is too much crude on the market, adding that OPEC is reviewing whether supply exceeds demand before deciding whether to cut back production.

  • OPEC Output Up for 4th Month in Aug: Survey Monday, 1 Sep 2008 | 10:05 AM ET

    OPEC oil supply rose for a fourth consecutive month in August, mainly due to higher output from Iran and smaller increases in Nigeria and Angola, a Reuters survey showed on Monday.

  • OPEC Trims Oil Demand Forecast, Sees Ample Supply Friday, 15 Aug 2008 | 7:43 AM ET

    OPEC on Friday cut its forecast for global oil demand growth in 2008 for a fifth month and said production is more than adequate, signaling a more comfortable supply and demand balance.

  • Oil Closes at $115.20, Down 7.9% For Week Friday, 8 Aug 2008 | 3:01 PM ET

    Oil closed at $15.20, dropping to a three-month low Friday as the dollar surged and concerns about global economic growth weighed on demand expectations.

  • Oil Price Settles Near $120 on Pipeline Attack Thursday, 7 Aug 2008 | 4:03 PM ET

    Oil rose on Thursday on expectations a one million barrel per day pipeline that was attacked by Kurdish separatists in Turkey could remain shut for up to two weeks.

  • Oil Price Settles Below $119 as Crude Stockpiles Rise Wednesday, 6 Aug 2008 | 4:20 PM ET

    U.S. crude oil futures fell for a third day in a row on Wednesday as government data showed that crude oil stocks rose much more than expected last week.

  • Oil Settles Above $119 After Hitting 3-Month Low Tuesday, 5 Aug 2008 | 3:30 PM ET

    Oil prices sank as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline and other petroleum products.