Oil prices fall as financial woes go global

Oct. 6, 2008

Oil prices plunged below $90 per barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy. A barrel of oil has not been this cheap in eight months, suggesting that the...

Crude oil prices drop near $50 a barrel

NEW YORK, Nov. 20 (UPI) -- Crude oil prices fell closer to $50 per barrel Thursday on the New York Mercantile Exchange as sweeping stock losses pointed to weaker demand.

Oil projects in jeopardy as prices fall

BARCELONA, Spain, Nov. 19 (UPI) -- The declines in the world crude oil market may force oil majors to postpone future projects even if prices remain steady, Chinese officials said.

UPI Energy Watch

OPEC announces losses in revenues; China projects lower oil prices; China-Myanmar pipeline planned despite oil prices.

Crude oil prices close lower

NEW YORK, Nov. 19 (UPI) -- Crude oil prices dropped Wednesday on the New York Mercantile Exchange as U.S. inventories of crude oil and gasoline increased last week.

UPI Energy Watch

Oil prices fall flat; oil tanker attack raises oil prices; new oil shale opens in the United States.

Crude oil prices ignore winter's chill

NEW YORK, Nov. 18 (UPI) -- Crude oil prices fell Tuesday on the New York Mercantile Exchange, despite a cold front gripping the U.S. Northeast and Midwest.

Hybrids sell despite cheap gas

KNOXVILLE, Tenn., Nov. 17 (UPI) -- U.S. gas prices have been falling with oil prices, but hybrid cars are still selling fast.

Russian oil exports down

MOSCOW, Nov. 17 (UPI) -- Russian petroleum exports to the European Union from September were significantly lower than expected.

U.S. gas prices fall 60 days and counting

WASHINGTON, Nov. 17 (UPI) -- U.S. gas prices, once a catalyst for pushing consumers away from large vehicle purchases, have plummeted since July to slightly more than $2 per gallon.

Crude oil prices down Monday

NEW YORK, Nov. 17 (UPI) -- Crude oil prices fell to $55.01 a barrel on the New York Mercantile Exchange Monday as cold weather settled in for much of the Midwest and Northeast.

UPI Energy Watch

OPEC to cut output again; Mexico hedges its oil bets; ONGC Videsh makes Egyptian oil and gas discovery.

Crude oil prices slide Friday

NEW YORK, Nov. 14 (UPI) -- Crude oil prices fell to $56.45 a barrel Friday on the New York Mercantile Exchange on evidence demand has slowed and U.S. gasoline stockpiles are high.

Oil demand projections for 2009 trimmed

PARIS, Nov. 13 (UPI) -- The International Energy Agency in Paris cut its projections for global crude oil demand for 2009 by 670,000 barrels per day Thursday.

Grains mostly higher in Chicago Thursday

CHICAGO, Nov. 13 (UPI) -- Grains closed mostly higher on the Chicago Board of Trade Thursday after the dollar traded mixed in New York and stocks jumped sharply in an afternoon rally.

Crude oil prices rise Thursday

NEW YORK, Nov. 13 (UPI) -- Crude oil prices rallied on the New York Mercantile Exchange Thursday after falling to a 22-month low in the previous trading session.