U.S. motorists drove more miles for the fourth month in a row, which could indicate that both the economy and demand for gasoline are starting to recover, analysts said.

U.S. motorists drove more miles for the fourth month in a row, which could indicate that both the economy and demand for gasoline are starting to recover, analysts said.

Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.

Valero Energy says it is permanently closing its Delaware oil refinery, where 550 workers will lose their jobs.

Oil fell nearly 1 percent on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.

Crude inventories and gasoline inventories fell last week, missing analysts' expectations, the government said Wednesday.

Valero Energy Corp. said Thursday it has been notified of a mini-tender offer by TRC Capital Corp., and urged its shareholders not to tender their shares because the offer price is below market value.

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What follows is a roundup of corporate earnings reports for Tuesday, Oct. 27.

The U.S. economy offered more evidence on Thursday that the worst economic crisis since the Great Depression was creeping to an end.

Stocks skidded Tuesday after a report showed consumer confidence is waning amid worries about the job market. It was a struggle all morning as investors juggled another batch of disappointing earnings results against an encouraging report on the housing market.

Stock futures drifted slightly lower ahead of the open Tuesday as investors waited for the next batch of earnings and key economic data.

Crude oil inventories and gasoline supplies rose last week, the government said Wednesday.

With demand for gasoline, and the ethanol that goes into it, expected to rise, oil companies are trying to benefit.