Oil prices rise off earlier lows on rate cut

Oct. 8, 2008

VIENNA, Austria (AP) -- Oil prices rose off earlier lows on a rate cut by the world's major central banks Wednesday, recovering after investor concerns that the U.S. credit crisis was enveloping the globe - and would hurt crude demand - drove prices down....

Oil prices rise Tuesday morning

NEW YORK, Dec. 2 (UPI) -- Crude oil prices rose Tuesday to $49.80 a barrel on the New York Mercantile Exchange, after sinking to a 42-month low.

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 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.

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.

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.

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.

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.