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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 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 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 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 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 noshade size=-1 width=50%>

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 20 Jan 2009 | 12:00 AM

Oil falls below US$35 ahead of busy earnings week

Oil prices fell to below $35 a barrel Monday as investors eyed a slew of U.S. corporate earnings this week for signs of weakening consumer demand amid the worst recession in decades.

Business 16 Jan 2009 | 12:00 AM

Oil languishes near US$35 Friday (Updated)

Oil prices languished near US$35 a barrel Friday in Asia as traders eyed a weakening U.S. economy and falling global demand that's sent crude down a third since last week.

Business 01 Jan 2009 | 12:00 AM

Crude ends extraordinarily volatile year below US$45

COLUMBUS, Ohio (AP) - Oil prices jumped 14 percent on New Year's Eve, capping a year that saw prices soar to unprecedented heights only to give up four years of gains in just five months.

Business 27 Dec 2008 | 12:00 AM

Nymex oil benchmark again in question

THE record differential between the front-month and more liquid second-month contracts at expiry last week once again raised pointed questions about whether the Nymex light sweet contract is serving as a good benchmark for the global oil market, or sending misleading signals about the state of supply and demand.