Trade gap narrows in August on lower oil prices

Oct. 10, 2008

WASHINGTON (Reuters) - Falling oil prices helped narrow the U.S. trade deficit in August, while both exports and imports retreated from records set in July, the U.S. Commerce Department said on Friday.

Oil industry faces lower prices

HOUSTON, Dec. 4 (UPI) -- A drop in oil prices from a record high of $147 a barrel this summer to $46.10 Thursday has squeezed the U.S. oil industry, analysts said.

Crude oil closes lower Thursday

NEW YORK, Dec. 4 (UPI) -- Crude oil prices dropped to less than $44 a barrel Thursday on the New York Mercantile Exchange, hitting its lowest closing price in 35 months.

Crude oil prices fall slightly

NEW YORK, Dec. 3 (UPI) -- Crude oil prices fell slightly on the New York Mercantile Exchange Wednesday following an OPEC request to have Russia and others join their ranks.

Deflation could slow U.S. economy further

NEW YORK, Dec. 3 (UPI) -- U.S. shoppers and economists see price declines in different shades of alarm but many worry falling prices could put brakes on an already slow economy.

Oil prices fall Tuesday

NEW YORK, Dec. 2 (UPI) -- Crude oil prices fell Tuesday to $46.96 a barrel on the New York Mercantile Exchange, plunging to a low unseen in more than three and a half years.

Grain prices mostly lower in Chicago

CHICAGO, Dec. 1 (UPI) -- Grains closed mostly lower on the Chicago Board of Trade Monday as stocks and oil prices both fell sharply in New York.

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.

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.