Victor Shum

Oil falls below $51 as OPEC doesn't cut output

The average price of a gallon of regular gasoline seems to be falling around the country. Join the discussion at USA TODAY's Fuel Forum to swap stories and money-saving tips with fellow readers. SINGAPORE (AP) — Oil prices fell...

Oil prices fall after Opec stalls

Oil is far below the record of $147 a barrel reached in July Oil prices have tumbled by more than $2 a barrel after producers' group Opec declined to cut output at its informal meeting at the weekend. Extending recent falls, US...

Oil prices slide after surge

LONDON (AFP) - Oil prices slid on Tuesday as traders banked profits following sharp gains won a day earlier, analysts said. Crude futures had closed up almost five dollars on Monday after a government bailout of ailing American...

World oil prices lower in Asia

SINGAPORE -- World oil prices fell in Asian trade Tuesday as euphoria over the US government's bailout of Citigroup faded and investor pessimism about the global economic downturn returned, analysts said.

World oil prices lower in Asia!

Singapore, Nov 25: World oil prices fell in Asian trade on Tuesday as euphoria over the US government's bailout of Citigroup faded and investor pessimism about the global economic downturn returned, analysts said. New York's...

= MIDEAST MORNING BRIEFING:No Cheer In Mkt After Dubai Debt News

By Nikhil Lohade and Maria Abi-Habib Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A Dubai government statement on its total debt has failed to placate nervous investors. A government official said Monday Dubai's sovereign debt...

Oil spikes 9 percent after Citigroup bailout

Crude generally on decline, dropping to $48 a barrel overnight Our cartoonists take a look at soaring oil and gas prices. Oil prices jumped 9 percent Monday, pulled along by a surging Wall Street that reacted to news of a U.S....

Oil prices rise above $50 on Obama economy team

By ALEX KENNEDY Associated Press Writer SINGAPORE (AP) - Oil prices rose above $50 a barrel Monday in Asia as investors gained some confidence from reports that U.S. President-elect Barack Obama has chosen an economic team to...

Crude oil prices may hit three-digit mark: ONGC

New Delhi: Even as oil prices continue to fall to three-year lows, Oil and Natural Gas Corp. Ltd(ONGC) said oil will rebound to $100 a barrel, twice the current level, justifying a proposed £1.4 billion (Rs10,416 crore) bid for...

Grim economic news pulls oil prices lower

SINGAPORE - Increasingly grim global economic news and the prospects for even weaker demand for energy pulled world oil prices lower on Thursday, analysts said. New York’s main futures contract, light sweet crude for December...

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