Energy Dept. says crude oil inventories fell last week while gas stockpiles roseOctober 7th, 2009 Crude oil stockpiles fall by 1 million barrelsNEW YORK — Crude inventories fell last week, while gasoline supplies grew, the government said Wednesday. Crude inventories fell by 1 million barrels, or 0.3 percent, to 337.4 million barrels, which is 10.9 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Crude falls sharply for second straight day on surging supplies; gasoline and other fuels fallSeptember 24th, 2009 Oil falls sharply with supplies on the riseOil prices fell sharply Thursday for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the recession has cut into energy demand. Benchmark crude for November delivery fell 4.4 percent, or $3.08, to settle at $65.89 a barrel on the New York Mercantile Exchange.
Oil prices don't budge as lethargic travel season in the US nears its endSeptember 2nd, 2009 Oil prices flat as driving season closes outOil prices didn't budge Wednesday despite an Energy Department report showing a drop in crude and gasoline supplies. Benchmark crude for October delivery closed where it began at $68.05 a barrel on the New York Mercantile Exchange.
Oil falls to $71 in European trade amid rising US inventories, signs of slower recoveryAugust 6th, 2009 Oil falls to $71 as US inventories riseNEW YORK — Oil prices fell to near $70 a barrel Thursday on more evidence of consumer anxiety and also growing supplies of unused crude and natural gas. Benchmark crude for September delivery fell 97 cents to $71 a barrel on the New York Mercantile Exchange.
Crude supplies rise as expected, gasoline stocks dropAugust 5th, 2009 Crude supplies rise for second weekNEW YORK — Crude inventories rose last week, though gasoline supplies dropped yet again, the government said Wednesday. Crude inventories increased by 1.7 million barrels, or 0.5 percent, to 349.5 million barrels, which is 18.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Oil falls below $62 amid worries over slower-than-expected recoveryJuly 8th, 2009 Oil prices tumble below $62NEW YORK — Oil prices slumped below $62 per barrel Wednesday as the government reported unused gasoline held in storage surged yet again. Retail gas prices have fallen every day for more than two weeks.
China boosts gasoline, diesel prices in year's 4th price change as global costs riseJune 30th, 2009 China raises gasoline, diesel pricesBEIJING — China boosted state-set gasoline and diesel prices Tuesday to reflect rising global crude costs. The retail price of gasoline rose by 8.6 percent and that of diesel by 9.6 percent, the country's planning agency announced.
Gas prices rise for 50 straight days and counting; crude falls again, trading below $70June 17th, 2009 Gas prices rise for 50th straight dayNEW YORK — Retail gas prices climbed for the 50th straight day Wednesday and crude prices that had slumped all week bounced back. Historically, filling station prices tend to rise during the summer as millions of Americans take to the road.
Weeklong energy rally stumbles with latest report on a big surplus in oilJune 3rd, 2009 Energy prices slump on surplus of oil in storageSIOUX FALLS, S.D. — Oil prices took a dive Wednesday after a government report on unused crude in storage suggested the monthlong rally in energy prices may have been premature.
Oil slips below $68, remains near 7-month highs ahead of expected fall in US crude stocksJune 3rd, 2009 Oil slips below $68 after weeklong rallySIOUX FALLS, S.D. — Oil prices slipped below $68 a barrel Wednesday before the government reported how much unused crude, now near 19-year highs, remains in storage.
Crude and gasoline prices rise after government reported drop in US suppliesMay 13th, 2009 Oil, gas prices rise after drop in US suppliesNEW YORK — Energy prices rose Wednesday after the government reported a sharp drop in U.S. crude stores and a sharp pullback in fuel production.
Crude prices fall despite drop in US supplies, gasoline prices continue to riseMay 13th, 2009 Oil prices fall despite drop in US suppliesNEW YORK — A slump in the stock market helped drag energy prices lower Wednesday despite data showing U.S. crude supplies shrank for the first time in 10 weeks.
Oil reaches $60 for first time since November; gasoline prices at $2.25 a gallonMay 12th, 2009 Oil hits $60 for first time since NovemberCOLUMBUS, Ohio — After a one-day pause, oil prices resumed their trek higher Tuesday, hitting $60 a barrel for the first time since Nov. 10. Gas prices also moved higher again and now are up 40 percent off the low reached in December.
Gasoline prices start to rise as Memorial Day holiday approachesMay 12th, 2009 Gasoline nears $2.25, crude briefly above $60COLUMBUS, Ohio — Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November. Just a week ago, drivers nationally paid about 17 cents less for a gallon of gas on average.
Crude prices above $55 as EIA reports lower-than-expected jump in crude inventoriesMay 6th, 2009 Oil prices jump to high for the yearSIOUX FALLS, S.D. — Oil prices surged to a 2009 high Wednesday after a government report showed that unused crude being placed in storage slowed a bit last week.
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