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  • Europe Pushing for Non-Russian Gas Pipeline Tuesday, 27 Jan 2009 | 12:16 PM ET
    Oil Pipeline

    Key banks and the EU presidency signaled financial and political backing Tuesday for a pipeline meant to reduce Europe's energy dependence on Russia and limit new gas shortages if Russian gas company Gazprom again decides to turn off the spigots.

  • Oil Likely to Remain at $50, But Don't Celebrate Yet Wednesday, 3 Dec 2008 | 10:09 AM ET
    oil_slick_100dollar2.jpg

    Oil prices are expected to stay around $50 a barrel through next year, but that may not give much of a boost to consumer spending, the economy or stocks.

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

    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 in Vienna: Calls Come For Output Cuts Monday, 8 Sep 2008 | 4:28 PM ET
    opec.jpg

    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.

  • Oil Price Settles Below $119 as Crude Stockpiles Rise Wednesday, 6 Aug 2008 | 4:20 PM ET
    oilbarrels_money2.jpg

    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_new_5a.jpg

    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.

  • Oil Settles Above $121 as OPEC Amps Up Output Monday, 4 Aug 2008 | 3:15 PM ET
    oil_new_5a.jpg

    Oil briefly fell below $120 a barrel Monday before recovering slightly at the close, pressured by evidence of rising OPEC output in the midst of declining demand in the United States and Europe.

  • Oil Pump

    Oil prices settled slightly higher Friday, clawing back above $125 a barrel after Israel raised new concerns about Iran's nuclear program. But more concerns that high prices are eating into demand limited the gains.

  • Kilduff: Iran And Data Keys To Rising Oil Prices Friday, 1 Aug 2008 | 11:35 AM ET
    John Kilduff

    I am looking for crude oil prices to re-take the $130 per barrel level, as soon as next week. We need to see what Iran does over the weekend, and further parsing of the economic data points will also be required to better infer a lasting trend.

  • Oil Settles Lower Near $124 on Weak Economic Reports Thursday, 31 Jul 2008 | 3:33 PM ET

    Oil prices ended lower Thursday, pulling back from the previous day's rally, as disappointing data on the U.S. economy signaled further cutbacks in energy demand for the world's thirstiest consumer.

  • Oil Settles at Nearly $127 On Drop in US Gas Supply Wednesday, 30 Jul 2008 | 1:05 PM ET
    oil_new_5.jpg

    Oil prices shot up as much as $5 a barrel, halting a dramatic two-week slide, after the US government reported a surprise drop in gasoline supplies.

  • Oil Falls to 12-Week Low on Demand Worries Tuesday, 29 Jul 2008 | 3:23 PM ET
    oil_price_down2.jpg

    Oil fell to its lowest level in nearly three months, extending a steep slide since mid-July on mounting evidence high prices and a souring economy were cutting into world energy demand.

  • Oil Prices Expected to Fall Further As Demand Eases Monday, 28 Jul 2008 | 3:32 PM ET
    oil_new_5.jpg

    The recent decline in oil prices is expected to continue amid fresh signs that the rapid runnup in crude prices is curbing demand, particularly in the US, analysts say.

  • Oil Closes Near $125 on Nigeria, Iran Worries Monday, 28 Jul 2008 | 3:29 PM ET
    oil_new_4.jpg

    Oil prices rose Monday, approaching $125 a barrel after militants sabotaged two oil pipelines in Nigeria and Iran claimed that it had doubled the size of its nuclear program but signaled a willingness to work with the U.S.

  • Oil Settles Past $131 on Tropical Storm Threat Monday, 21 Jul 2008 | 3:09 PM ET
    oil_new_4.jpg

    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
    oil_new_2.jpg

    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
    Oil_pump2.jpg

    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.