Oil Prices

Cheaper Oil Drives Import Prices Down in April

U.S. import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures.

Chevron's Quarterly Profit Falls on Lower Oil Prices

Chevron says its quarterly profit fell 5 percent in the first quarter as oil prices slipped.

Drop in Gas Prices A Boon for Drivers and the Economy

A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive.

U.S. Crude Oil Inventories Rise to Highest Level Since 1990

Oil prices fell more than 2 percent on Wednesday as U.S. crude oil inventories grew to the highest level since 1990 and weak economic data stoked worries about energy demand.

The Dow Broke a Record: Here's What History Says Comes Next

It's impossible to predict how the Dow Jones industrial Average will move next. But we can look at the previous times the Dow hit record highs to see what followed.

'Cliff' Deal Sends Stocks Up, But Problems Lurk

The "fiscal cliff" compromise, even with all its chaos, controversy and unresolved questions, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year.

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 Fall as US 'Fiscal Cliff' Approaches

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.

Oil Prices Rise as Americans' Confidence Improves

Benchmaark crude is up 48 cents to $85.57 around noon EST; the Thomson Reuters/University of Michigan consumer sentiment index reveals that Americans feel better about the state of the world's largest economy than any point in the last five years.

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.

Big Oil Isn't as Profitable as Everyone Thinks

Americans spend a lot of money on oil: about $632 billion a year. And the big oil producers report eye-popping annual profits, like ExxonMobil's $41 billion in 2011. Numbers like that may make you feel like we're getting robbed at the pump ... but it's not that simple.

Earnings From McDonald's, Microsoft Sink Stocks

Disappointing earnings reports from McDonald's, Microsoft and other companies dragged the stock market down Friday.

Oil Price Soars on Supply Jitters

The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.

Hate Paying $4 a Gallon for Gas? For Imported, You're Paying $8

When gas prices hit $4 at the pump earlier this summer, a lot of motorists were crying Uncle!" They'd be crying all the louder if they realized those first four bucks didn't cover half of it. It's just that the remainder is hidden in your tax bill.

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.

U.S. Trade Deficit Fell 12.1% in Second Quarter as Exports Rose

The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent to $117.4 billion in the second quarter.

Higher Gas Costs in August Push Consumer Price Index Higher

More expensive gas drove up consumer prices in August by the most in three years. But outside of energy costs, inflation was tame. The CPI rose a seasonally adjusted 0.6% last month, the first increase since March and higher gas prices accounted for 80% of the increase.

World Markets Still Feeling Good About ECB's Bond-Buying Plan

A unlimited bond-buying plan from the European Central Bank continued to buoy financial markets on Friday while worse-than-expected U.S. jobs data lifted expectations that the Federal Reserve will back another monetary stimulus.

Isaac Brings Higher Gas Prices, South and North

Drivers are being hit with the biggest one-day jump in gasoline prices in 18 months just as the last heavy driving weekend of the summer approaches, thanks to Hurricane Isaac.

5 Ways to Keep Hurricane Isaac from Blowing Your Gas Bill Higher

As Hurricane Isaac heads for the Gulf Coast, several oil refineries might have to temporarily shut down, which could drive up gas prices. To help you avoid that extra pain at the pump, we're revisiting some of our best advice on how to keep gas bills under control.

Wall Street Watch Tuesday: Fashionable Profits for PVH

A dicey economy doesn't mean that fashion is out of fashion. Apparel designer PVH, owner of such brands as Calvin Klein and Tommy Hilfiger, posted better than expected quarterly results on Monday afternoon.

Cheaper Oil Pushes U.S. Trade Deficit to 18 Month Low

The U.S. trade deficit fell to its lowest level in 18 months in June, pushed down by a steep drop in oil imports and a small rise in exports. The trade gap narrowed to $42.9 billion in June, down from $48 billion in May, the Commerce Department said Thursday.