Oil prices fall below $87 on recession fears

Oct. 9, 2008

NEW YORK (AP) -- Oil prices dipped below $87 a barrel Thursday with the downward momentum slowed somewhat by continuing chatter from OPEC nations about an emergency meeting to address the market slide....

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.

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 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.

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.

Crude oil prices drop below $50 a barrel

NEW YORK, Nov. 20 (UPI) -- Crude oil prices dropped sharply Thursday on the New York Mercantile Exchange, falling below $50 per barrel for the first time since May 2005.

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.

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.

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.

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.

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.

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.

Crude oil prices hold under $60 a barrel

NEW YORK, Nov. 11 (UPI) -- Crude oil prices held under $60 per barrel on the New York Mercantile Exchange as a boost provided by China's $586 billion spending package faded.

OPEC plans early meeting, Iran says

TEHRAN, Nov. 10 (UPI) -- The Organization of Petroleum Exporting Countries may convene earlier than its Dec. 17 meeting if oil prices continue to drop, officials said Monday.