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 fall sharply

NEW YORK, Dec. 1 (UPI) -- Crude oil prices fell sharply on the New York Mercantile Exchange Monday as data showed U.S. manufacturing in decline.

OPEC facing low prices, demand fall-off

CAIRO, Nov. 29 (UPI) -- Members of the Organization of Petroleum Exporting Countries, meeting Saturday in Cairo, say the informal talks are unlikely to result in production cuts.

Grain sales mixed in Chicago Friday

CHICAGO, Nov. 28 (UPI) -- Grains closed mixed on the Chicago Board of Trade Friday as oil prices rose and the dollar gained strength against the euro and yen.

Crude prices rise Friday

NEW YORK, Nov. 28 (UPI) -- Crude oil prices rose slightly on the New York Mercantile Exchange Friday, a day before OPEC oil ministers are to meet in Cairo.

Crude oil prices down Thursday morning

NEW YORK, Nov. 27 (UPI) -- Crude oil prices fell Thursday morning on the New York Mercantile Exchange although investors remain wary that OPEC may cut production soon.

Crude oil prices up

NEW YORK, Nov. 26 (UPI) -- Crude oil prices jumped Wednesday on the New York Mercantile Exchange, as investors anticipated a possible OPEC production cut announcement.

Grain prices fall in Chicago Tuesday

CHICAGO, Nov. 25 (UPI) -- Grains closed lower on the Chicago Board of Trade as the influences of a declining dollar and sliding crude oil prices canceled each other out Tuesday.

TNK-BP, Gazprom Neft protest fines

MOSCOW, Nov. 25 (UPI) -- Energy producers Gazprom Neft and TNK-BP said they would appeal fines imposed by the Russian Federal Anti-Monopoly Service for falsely inflating prices.

Crude oil prices fall overnight

NEW YORK, Nov. 25 (UPI) -- Crude oil prices dropped sharply on the New York Mercantile Exchange after a strong rally on Wall Street Monday boosted prices briefly.

Venezuela's Chavez calls for fix oil price

CARACAS, Venezuela, Nov. 25 (UPI) -- Venezuelan President Hugo Chavez said crude oil prices should be set at a fixed price in the wake of recent oil price decreases.

Iran calls for oil production cuts

TEHRAN, Nov. 24 (UPI) -- Iran said Monday it would call for additional production cuts to control prices during the next meeting of the Organization of Petroleum Exporting Countries.

Grains sharply higher in Chicago Monday

CHICAGO, D.C., Nov. 24 (UPI) -- Grains closed sharply higher on the Chicago Board of Trade Monday, riding stock market exuberance over the government's decision to rescue Citigroup.

Crude oil prices rise Monday

NEW YORK, Nov. 24 (UPI) -- Crude oil prices rose on the New York Mercantile Exchange Monday, rallying as a U.S. government rescue of a major bank also lifted stock prices.

Small oil firms in Russia halt production

KAZAN, Russia, Nov. 21 (UPI) -- Oil firms in the Russian Republic of Tatarstan said their production will end next month because the sector is no longer profitable, officials said Friday.

Crude oil prices rise Friday

NEW YORK, Nov. 21 (UPI) -- Crude oil prices rose Friday on the New York Mercantile Exchange, after dropping below $50 per barrel Thursday for the first time in two and a half years.