International Business News - USO http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets _ the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday. http://www.ibtimes.com/data/articleimgs/48251-oil-prices.jpg http://www.ibtimes.com/articles/20080517/oil-sets-record-near-128-pump-price-at-high-too.htm http://www.ibtimes.com/articles/20080517/oil-sets-record-near-128-pump-price-at-high-too.htm Sat, 17 May 2008 10:56:39 EDT News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets _ the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday. http://www.ibtimes.com/data/articleimgs/46943-oil-prices.jpg http://www.ibtimes.com/articles/20080516/oil-prices-rise-after-volatile-session.htm http://www.ibtimes.com/articles/20080516/oil-prices-rise-after-volatile-session.htm Fri, 16 May 2008 20:24:00 EDT Oil futures gave up early gains and fell sharply Thursday, a move analysts attributed to the expiration of options and to a sharp drop in natural gas prices. Retail gas prices, meanwhile, advanced past $3.77 a gallon. http://www.ibtimes.com/articles/20080515/oil-falls-as-options-expire-gas-prices-rise.htm Thu, 15 May 2008 14:20:39 EDT Oil futures gave up earlier gains and fell Thursday, a move analysts attributed to the expiration of options and to a sharp drop in natural gas prices. Retail gas prices, meanwhile, advanced past $3.77 a gallon. http://www.ibtimes.com/articles/20080515/oil-prices-reverse-course-and-fall.htm Thu, 15 May 2008 12:36:30 EDT Oil prices surged nearly $2 a barrel Thursday as the dollar fell against the euro and investors anticipated strong demand for diesel fuel in parts of China ravaged by Monday's earthquake. Gas prices, meanwhile, advanced past $3.77 a gallon. http://www.ibtimes.com/articles/20080515/oil-prices-surge-on-weaker-dollar-diesel-demand.htm Thu, 15 May 2008 09:58:00 EDT Oil prices surged $2 a barrel Thursday as the dollar fell against the euro and investors anticipated strong demand for diesel fuel in parts of China ravaged by Monday's earthquake. Gas prices, meanwhile, advanced past $3.77 a gallon. http://www.ibtimes.com/articles/20080515/oil-prices-surge-on-weaker-dollar-diesel-demand-concerns.htm Thu, 15 May 2008 09:54:37 EDT Oil climbed above $125 a barrel Thursday, a day after the U.S. government issued a mixed report on the country's petroleum reserves and the U.S. dollar weakened against other key currencies. http://www.ibtimes.com/articles/20080515/oil-prices-rise-after-mixed-us-report.htm Thu, 15 May 2008 09:03:30 EDT Oil climbed toward the $125-a-barrel mark Thursday after the U.S. government issued a mixed report on the country's petroleum reserves and the U.S. greenback weakened against other key currencies. http://www.ibtimes.com/articles/20080515/oil-prices-climb-on-reserve-report.htm Thu, 15 May 2008 06:31:39 EDT Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell after an Energy Department report gave a mixed picture of the nation's petroleum reserves. http://www.ibtimes.com/articles/20080514/gas-above-3-75-oil-falls-on-mixed-supply-report.htm Wed, 14 May 2008 21:20:20 EDT Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell as an Energy Department report painted a mixed picture of the nation's petroleum reserves. http://www.ibtimes.com/articles/20080514/gas-above-3-75-a-gallon-oil-falls-on-mixed-supply-report.htm Wed, 14 May 2008 11:19:56 EDT Oil prices are down after the government issued a mixed report on the nation's fuel inventories. The Energy Department said diesel stockpiles rose last week, and that news eased the market's concerns about the fuel used to transport most food and consumer goods. The government also said crude oil inventories were up, but not as much as the market expected. http://www.ibtimes.com/articles/20080514/oil-prices-fall-after-mixed-fuel-inventory-report.htm Wed, 14 May 2008 10:55:01 EDT Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell as investors anticipated that a government inventory report will show crude supplies rose last week. http://www.ibtimes.com/articles/20080514/gas-prices-pass-3-75-a-gallon-oil-falls-on-inventory-view.htm Wed, 14 May 2008 10:10:02 EDT Oil prices were steady Wednesday after moving back from an overnight trading record near $127 a barrel on concerns that Iran may cut production. Iranian officials denied production cuts were imminent but acknowledged they had been discussed. http://www.ibtimes.com/data/articleimgs/46166-gas.jpg http://www.ibtimes.com/articles/20080514/oil-steady-after-record-near-127.htm http://www.ibtimes.com/articles/20080514/oil-steady-after-record-near-127.htm Wed, 14 May 2008 06:22:06 EDT Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away. http://www.ibtimes.com/articles/20080513/iran-report-pushes-oil-to-new-record-gas-jumps-above-3-73.htm Tue, 13 May 2008 12:50:45 EDT Oil prices shot to a new record near $127 a barrel Tuesday on reports that Iran is planning to cut crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away. http://www.ibtimes.com/articles/20080513/iran-rumor-pushes-oil-to-new-record-gas-jumps-above-3-73.htm Tue, 13 May 2008 11:55:30 EDT Gas prices shot to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away. http://www.ibtimes.com/articles/20080513/gas-prices-jump-to-record-above-3-73-as-oil-rises.htm Tue, 13 May 2008 11:32:19 EDT Gas prices shot to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away. http://www.ibtimes.com/articles/20080513/gas-prices-jump-to-record-above-3-73-as-oil-waffles.htm Tue, 13 May 2008 11:04:36 EDT Oil prices edged up Tuesday after a brief dip below $124 a barrel on profit-taking that followed another trading record in the previous session. Light, sweet crude for June delivery gained 27 cents to $124.50 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe after trading below $124 earlier in the day. http://www.ibtimes.com/articles/20080513/oil-prices-rise-after-brief-drop.htm Tue, 13 May 2008 09:36:18 EDT Oil prices retreated Monday from last week's record close near $126 a barrel as the dollar strengthened against the euro and yen. Light, sweet crude for June delivery dropped $1.32 to $124.64 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Europe. http://www.ibtimes.com/articles/20080512/oil-prices-retreat-from-last-weeks-record-high.htm Mon, 12 May 2008 09:41:10 EDT Following is a summary of top stories in the energy sector Friday afternoon: Oil tops $126 a barrel for first time http://www.ibtimes.com/articles/20080509/energy-sector-roundup-oil-hits-new-high-above-126.htm Fri, 09 May 2008 15:34:24 EDT