PRECIOUS METALS: Gold drops sharply as oil tumbles, dollar gains Jul 23, 2008 5:26PM

Gold futures fell the most in six weeks as crude oil prices dropped and a stronger dollar lowered the investment appeal for the metal as a hedge against inflation. Read more

This Week In Petroleum - Jul 23 Jul 23, 2008 3:50PM

As prices for transportation fuels continue to rise, interest has increased in EIA’s fuel pump diagrams showing the components of retail gasoline and distillate prices that help to explain the price changes. The fuel pump graphics Read more

CRB - Commodities Ring Bearish Jul 23, 2008 3:25PM

Gold experienced a second day of heavy liquidations, following yesterday oil-led and hawkish Fed-induced rout. Significant losses in the euro were seen following reports of steep drops in Eurozone industrial orders and they helped Read more

Some oil, gas production shut in by Dolly Jul 23, 2008 3:08PM

Hurricane Dolly, which made landfall near South Padre Island in Texas on Wednesday, had interrupted a small amount of oil and natural gas production, mostly in the western Gulf of Mexico. Read more

Name That (Altered) Tune Jul 23, 2008 12:53PM

Gold prices fell further overnight, following yesterday oil-led and hawkish Fed-induced rout. Further losses in the euro following reports of steep drops in Eurozone industrial orders helped the greenback climb to near 72.61 on the Read more

Crude-oil stockpiles fell last week, gasoline rose Jul 23, 2008 11:09AM

Crude-oil inventories fell last week but gasoline stockpiles rose more than expected, according to government data released Wednesday. For the week ended July 18 crude-oil inventories fell by 1.6 million barrels to 295.3 million barrels, the Energy Department's Energy Information Administration said... Read more

Militants threaten to destroy Nigerian pipelines Jul 23, 2008 1:18PM

Nigeria's main militant group threatened Wednesday to destroy the nation's major oil pipelines within 30 days to counter allegations it had struck a $12 million deal with the government to protect them. Read more

Interior proposes lower royalties on oil shale Jul 23, 2008 8:59AM

The Bush administration on Tuesday proposed charging energy companies wanting to squeeze oil out of vast shale deposits in the West lower royalties than they pay for drilling on other federal lands, including offshore in the Gulf of Mexico and Alaska. Read more

Nepal ex-rebels won't form government Jul 23, 2008 4:27AM

Nepal's ex-communists should spearhead the new government, political opponents said Wednesday, a day after the Maoists announced they had abandoned plans for leadership because their choice for president had been rejected. Read more

Oil drops below $125 for 1st time in over 6 weeks Jul 23, 2008 4:37PM

Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand. Read more