LightSweetCrude

Oil Dips Below $95 Amid China Growth Concerns, Greek Turmoil

Oil prices fell below $95 a barrel Monday in Asia amid investor concern that China's economy, the world's second-largest, is slowing faster than previously expected.

White House to Tap Strategic Petroleum Reserve

Describing the president as deeply concerned about the impact on global economic growth of oil supply disruptions in the Middle East and North Africa, the Obama administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve over the next 30 days.