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 fell as much as $2 a barrel Friday as doubts grew about whether political leaders in Washington could reach a deal on the fiscal cliff before the new year.
Home improvement retailer Menard says it will hire 50 workers from its home base in Wisconsin and fly them to North Dakota to staff a store in Minot, which is near the state's booming oil patch, a region that has more jobs than takers.
After five rough years, we could be on the cusp of a new economic boom. Not like the mid-1980s or late 1990s, mind you. But the odds that the next five years will be markedly better than the last five years are good, and growing better by the day.
The price of gasoline fell Tuesday after Hurricane Sandy left a wide swath of flooding, power outages and disrupted transportation in the eastern U.S.
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.
Right now, with the spread of fracking technology, America is in the midst of a natural gas boom that is keeping prices for the fuel low. But according to a key strategist at Chevron, the era of an abundance of cheap natural gas in the U.S. will be short-lived.
Unlike last year, which for much of the nation featured "the winter that didn't come," this year is expected to bring only slightly warmer-than-usual temperatures and a record high for home heating oil prices. And that's bad news for one region of the country in particular.
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.
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.
A new paper from Yale is drawing attention to exactly how much even a small shift toward natural gas would save consumers. And it has the potential to spark a major change in America's energy business.
Republican lawmakers are alleging that the EPA's new greenhouse gas regulations would kill the U.S. coal industry by making it too expensive to build new coal-fueled power plants. But even if that's true, how will it impact you?
Oil prices hovered around 8-month lows near $80 a barrel Thursday after the U.S. central bank balked at implementing vigorous stimulus measures to boost waning economic growth and U.S. crude stockpiles rose unexpectedly.
The price of oil hovered above $82 a barrel Tuesday after touching an eight-month low near $81 earlier in the session amid concern Spain's bank bailout won't be enough to stem Europe's debt crisis and suggestions OPEC could boost production targets.
Oil prices hovered below $93 a barrel Friday in Asia, pausing after the latest twists in Europe's debt crisis triggered a sharp two-week sell-off. Crude has plunged about 13% over the past two weeks.