Winter in the Northeast was particularly brutal this year, but not enough to account for the likely record prices. Blame crude oil’s recent price jump for that. But the chills could become even worse if Obama’s proposed cut in …
It may be the happiest season of the year, but higher crude oil prices that have translated into higher gasoline prices have many motorists frowning. The weak U.S. dollar and expectations of a more robust economic recovery in t…
Oil prices gained Monday morning as expectations of cold weather in the U.S. and Europe raised demand.
U.S. crude for January delivery rose 15 cents to $88.20 a barrel at 7:48 GMT, Reuters reported. ICE Brent for February rose 13 cents to $91.80.
“P…
Oil rose to the highest price in more than two years as cold weather in the U.S. and Europe stoked demand.
U.S crude prices for January rose as high as $90.46 a barrel, the highest since Oct. 2008, Reuters reported.
Temperatures in northwest Europe…