Heating oil

Oil Prices Rise as Fiscal Cliff Recession Fears Recede

The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession, and reduced global demand for energy.

Oil Prices Retreat to Near $85 a Barrel Thanks to Plentiful Supply

Ample supplies helped send oil prices down to near $85 per barrel on Friday.Benchmark oil for December delivery was down 80 cents to $85.25 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil hasn't been that low since July 10.

Oil Prices Slide Due to Global Gloom Over Economic Outlook

The price of oil slipped below $92 a barrel on Monday as closely watched surveys showed the global economy remains weak. By early afternoon in Europe, benchmark oil for November delivery was down 47 cents to $91.72 a barrel in electronic trading on the New York Mercantile Exchange.

Gold Tops the List of the Fourth Quarter's Likely Winners

Most commodities rallied in the third quarter, but can they hold on to their advance? Read on, and find out which ones still have legs to dance their way higher, and which are poised to take a tumble. The short answer to that from analysts is that gold and oil are likely to advance, while grains and sugar are among those that probably won't, but there will be a lot of different factors to consider.

Mother Nature Saved You at Least $47 This Winter

With less than one week until winter is officially over, Americans are celebrating the end of the season with an extra "spring" in their steps. What's got them feeling so happy? Two words: fatter wallets, thanks to warmer temperatures and lower heating costs.

High Heating Oil Prices Continue to Drain Wallets

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 pain could become even worse if Obama's proposed cut in low-income energy subsidies passes.

Oil Prices Rise on Cold Weather in Europe, U.S.

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.

Cold Weather Drives Oil to Highest Price Since 2008

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, the highest since Oct. 2008, Reuters reported.