The U.S. has never had $3 gas at Christmastime because the price typically gets lower as the days grow shorter. This year may be quite different, thanks to events from Canada to China. And some analysts think prices will really…
Light crude oil prices have been climbing in the last few days, closing the week at $88.94 per barrel on the NYMEX. If prices climb high enough, it could damage the still-weak economy by raising the costs of gasoline, jet fuel …
The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
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Crude oil hit a six-month high Wednesday, and many forces are in place to drive prices even higher. Not least is demand from China, now the largest importer of oil.
Continue reading Oil Renews Its Assault on $9…
The Organization of the Petroleum Exporting Countries will leave oil output unchanged, a delegate at the group’s current meeting told Reuters. Oil ministers apparently are not worried the weak dollar will drive up the price of …