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Business 13 Feb 2009 | 12:00 AM

Oil rises to US$34 in Asia Friday amid demand concerns(updated)

Oil rose back above US$34 a barrel Friday in Asia after concerns about weakening U.S. consumer demand sent crude near five-year lows overnight.

Business 14 Feb 2009 | 12:00 AM

Oil breaks out of weeklong slide to reach US$37.51

Oil broke out of a weeklong slump Friday, soaring 10 percent, as traders prepared for a long Presidents Day weekend.hr noshade size=-1 width=50%>

Business 20 Feb 2009 | 12:00 AM

Oil falls below US$39, reversing big gain overnight(updated)

Oil prices fell below US$39 a barrel Friday in Asia as investor concerns about weak crude demand lingered after lower-than-expected inventory numbers sparked a big gain overnight.

Business 03 Mar 2009 | 12:00 AM

Oil hovers above US$40 Tuesday after big drop overnight(updated)

Oil prices hovered above $40 a barrel Tuesday in Asia after grim U.S. economic news and tumbling stock markets sparked a huge drop overnight.

Business 04 Mar 2009 | 12:00 AM

As recession saps demand, a world awash in oil

Supertankers that once raced around the world to satisfy an unquenchable thirst for oil are now parked offshore, fully loaded, anchors down, their crews killing time. In the United States, vast storage farms for oil are almost out of room.

Business 21 Jul 2009 | 12:00 AM

Oil hovers below $64 as earnings, demand weighe(update)

SIOUX FALLS, South Dakota: Oil prices wavered near US$64 a barrel Monday as encouraging quarterly reports from major corporations were offset by what could be an extended period of weak demand for energy.

Business 25 Dec 2009 | 12:00 AM

Oil prices on upswing

NEW YORK: Energy prices are ending the year on an upswing with large storms, falling supplies, a weak dollar and a slightly better employment picture sending futures higher.hr noshade size=-1 width=50%>

Business 18 May 2010 | 12:00 AM

Oil prices fall to lowest point this year

SINGAPORE (AP) - Oil prices rose slightly to near $71 a barrel Tuesday in Asia after fears a European debt crisis could halt a global economic recovery sparked a two-week, 20-percent sell-off.

Business 26 May 2010 | 12:00 AM

Oil rises above US$69 in Asia Wednesday(update)

SINGAPORE: Oil prices rose above $69 a barrel Wednesday in Asia as a drop in U.S. gasoline supplies and rebounding Asian stock markets bolstered confidence that demand for fuel is rising.

Business 15 Jul 2010 | 12:00 AM

Oil settles lower after Fed revises outlook

NEW YORK (AP): Oil prices drifted lower Wednesday after the Federal Reserve lowered its forecast for U.S. economic growth this year.