The DOE proposed to buy up to five million barrels of oil for the Strategic Petroleum Reserve, a federal web site showed.
As the strike enters its fourth week, more information is needed to assess its economic impact, one expert said Monday.
One Texas-based CEO explained Friday how very cheap oil could hurt people.
RBC Capital's Helima Croft told CNBC's "Squawk on the Street" what she thinks will determine oil's bottom.
Business magnate Warren Buffett said Wednesday he is planting his flag in Western Europe.
The Obama administration will announce Tuesday a proposal to start drilling in Atlantic Coast waters, The New York Times reports.
North Dakota Gov. Jack Dalrymple said oil's drop has led to the state's lowest rig count in five years.
Moody's lowered Venezuela's rating from Caa3 to Caa1 on Monday as the country's default risk rises on plummeting oil prices.
CNBC's Jim Cramer says analysts need to cut their oil outlook in order for energy stocks to bottom.
After the steep fall, oil prices will bounce back to about $70 per barrel, according to an industry expert.
Oil investors are paying attention to Civeo's recent plummeting as the drop points to indications of slower oil investments.
U.S. crude futures extended losses after inventories unexpectedly surged last week as imports jumped and refineries maintained output.
Gasoline is once more a wild card for the economy—but this time it's a potential positive because prices could fall sharply.
Consumers will pay the highest Fourth of July gasoline prices in six years, but pump prices would be far higher if not for the oil shale boom.
Gas prices are at the highest level in six years for the July 4th holiday, but they could start to fall if Iraq oil production remains secure.
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
After gallons of crude oil gushed from the Exxon Valdez and soiled Alaskan's grounds, oil spill responders fear that another disaster is looming.
Gasoline prices, already up about 12 cents in two weeks, are expected to rise before topping out in the spring.
Gasoline could jump anywhere from 15 to 40 cents a gallon over the next several months, but it could be one of the cheapest summer driving seasons in several years.