Following a brief pullback on Tuesday, oil prices jumped Wednesday after a government report showed that crude stockpiles grew less than analysts had predicted, raising hopes that demand for oil and gas is picking up.
The Energy Department on Tuesday said it still expects pump prices to climb past $3 per gallon as more motorists hit the road in the spring and summer driving seasons.
Periodically, news articles from various sources attempt to explain the maddeningly confusing logic (or lack thereof) behind the movements of crude oil prices. Perhaps the most important lesson to be ...
Oil prices dropped sharply to below $81 a barrel Tuesday, due to a stronger dollar and profit taking on a monthlong run fueled by growing investor optimism about global economic growth.
The top executive of Valero Energy received compensation valued at $10.9 million in 2009, representing a 64 percent increase from the prior year, according to an Associated Press calculation of figures disclosed in a regulatory filing by the nation's largest independent petroleum refinery.
Ben Margot / AP In this March 5, 2010 photo, an overview of the ConocoPhillips oil refinery is seen in Rodeo, Calif. Oil prices headed higher toward $82 a barrel Monday, March 8, extending gains from ...