Latest Barrel Stories

Oil prices rose above $64 a barrel in New York Monday morning, bolstered by Asian and European stock rallies and a falling U.S. dollar. Light, sweet crude for August delivery gained $1.27, or 2 percent, to $64.83 a barrel in mid-morning trading on the New York Mercantile Exchange. The contract advanced $1.54 in Friday trading. Natural gas rose 3 cents, or 0.84 percent, to $3.7 per 1,000 cubic feet. Heating oil was up 3.92 cents, or 2.39 percent, to $1.6802 a gallon. AAA said the average U.S....

Crude oil prices dropped to an even $61 per barrel Thursday on concern that demand has dropped and stockpiles remain high. Crude oil shed 0.54 cents overnight to $61 per barrel. Heating oil fell 0.0074 cents to $1.5747 per gallon. Reformulated gasoline prices lost 0.0159 cents to $1.6922 per gallon. Natural gas rose 0.005 cents to $3.288 per gallon. At the pump, the average price of unleaded gasoline was $2.492 a gallon Thursday, down from Wednesday's $2.504 a gallon, AAA said.

Crude oil prices rose above $60 per barrel on the New York Mercantile Exchange Wednesday as stock prices rebounded on a strong report from chipmaker Intel. Crude oil added $1.11 to reach $60.63 per barrel. Heating oil gained 0.0369 cents to $1.5488 per gallon. Reformulated gasoline prices added 0.0328 cents to $1.6794 per gallon. Natural gas prices fell 0.031 cents to $3.398 per million British thermal units. At the pump, the average price for a gallon of unleaded gasoline was $2.504...

Crude oil prices fell to nearly $59 per barrel on the New York Mercantile Exchange Monday as a slide in prices headed into its fifth week. Crude oil prices lost 61 cents from Friday, dropping to $59.28 per barrel. Heating oil prices lost 0.026 cents to $1.5075 per gallon. Reformulated blendstock gasoline lost 0.0155 cents to $1.635 per gallon. Natural gas prices dropped 0.118 cents to $3.255 per million British thermal units. At the pump, the average price for a gallon of regular unleaded...

Crude oil prices climbed above $71 per barrel on the New York Mercantile Exchange Wednesday after a report of lower crude-oil stockpiles. The American Petroleum Institute said U.S. crude supplies dropped by 6.8 million barrels during the week ending June 26, MarketWatch reported Wednesday. Crude oil prices rose $1.75 overnight, to $71.64 per barrel. Heating oil prices gained 0.0367 cents, to $1.8244 per gallon. Reformulated blendstock gasoline rose 0.0414 cents, to $1.9434 per gallon....

An all-day auction for eight oil development contracts in Iraq fell short of expectations with only one contract signed, the Iraqi Oil Ministry said. A partnership between British Petroleum and the China National Petroleum Corp., secured a contract to develop Iraq's biggest oil field, Rumaila, which has an estimated 17 billion barrels of oil, The Washington Post reported Wednesday. But the deal required the companies to accept a fee of $2 per barrel for every barrel they extract from the...

Crude oil prices climbed to nearly $69.50 per barrel on the New York Mercantile Exchange Thursday as prices hover under the year's peak on economic concerns. Crude oil prices reached nearly $73 per barrel earlier this month. But, prices have settled as a three-month stock rally appears to have petered out. Crude oil prices gained 80 cents overnight to $69.47 per barrel. Heating oil prices gained 0.0369 cents to $1.775 per gallon. Reformulated blendstock gasoline rose 0.0376 cents to $1.8801...

Crude oil prices climbed above $69 per barrel on the New York Mercantile Exchange Tuesday after tumbling overnight on waning confidence in the economy. Crude oil prices gained $2.52 to $69.27 per barrel. Heating oil prices gained 0.0444 cents to $1.7725 per gallon. Reformulated blendstock gasoline rose 0.0519 cents to $1.9024 per gallon. Natural gas prices fell 0.031 cents to $3.89 per million British thermal units. At the pump, the average price for a gallon of regular unleaded gasoline was...

Crude oil prices held below $68 per barrel on the New York Mercantile Exchange Tuesday as falling stock values have undermined confidence in the economy. Crude oil prices gained 37 cents in overnight trading to $67.87 per barrel. Heating oil prices gained 0.0165 cents to $1.744 per gallon. Reformulated blendstock gasoline rose 0.0123 cents to $1.872 per gallon. Natural gas prices gained 0.042 cents to $3.975 per million British thermal units. At the pump, the average price for a gallon of...

Crude oil prices fell sharply on the New York Mercantile Exchange Monday, dropping below $68 per barrel after a stock rally fell flat last week. Crude oil prices peaked above $72 per barrel last week. On Monday, prices fell $1.92 to $67.63 per barrel. Heating oil prices lost 0.0447 cents to $1.742 per gallon. Reformulated blendstock gasoline slid 0.057 cents to $1.8674 per gallon. Natural gas prices dropped 0.011 cents to $4.021 per million British thermal units. At the pump, the average...