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.

Grains close sharply lower Friday

CHICAGO, Nov. 21 (UPI) -- Grains closed sharply lower on the Chicago Board of Trade Friday despite gains on Wall Street and rising crude oil 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.

Falling prices sounds fun, but not to some

WASHINGTON, Nov. 21 (UPI) -- The surprise development of falling prices has experts worried that such a hiccup could greatly stall the U.S. economy, economists said.

Grains sharply lower in Chicago Thursday

CHICAGO, Nov. 20 (UPI) -- Grains closed lower on the Chicago Board of Trade Thursday as crude oil closed below $50 per barrel in New York for the first time since May 2005.

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.

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.