Crude oil rose on Tuesday amid speculation the U.S. Federal Reserve meeting will result in a reduction of interest rates to fuel economic growth.
Crude oil prices declined today on falling stock markets in Europe and Asia, and a report about new home sales in the U.S.
Crude oil climbed on Friday as U.S. officials moved quickly to advance an economic stimulus package, diminishing fears of an economic recession in the U.S.
Crude Oil dropped on Monday below $89 a barrel as stock markets in Asia and Europe fell on concerns over a global economy slowdown.
Crude oil rose on Friday ahead of President's George W. Bush's economic stimulus package speech at the White House.
Crude oil declined to below $90 a barrel on Thursday as traders remained concerned that the U.S. economy will fall into recession, affecting oil demand in the largest energy consuming nation.
U.S. crude recovered slightly on Tuesday after dropping below $90 after the U.S. weekly inventories report showed crude stockpiles grew 4.28 million barrels last week.
Oil prices fell more than $2 a barrel below $92 on Tuesday after the U.S. government reported a decline in retail sales and Saudi Arabia's oil minister said the Organization of Petroleum Exporting Countries could increase output.
Crude oil rose over $1 on Monday after the dollar dropped against the euro, and strained relations between the U.S. and Iran raised worries about crude supply.
Oil fell on Thursday amid fears that crude demand will be threatened by a possible economic recession in the U.S. and in other important global oil consumers.
Copper Futures climbed to their highest levels since mid-November on Tuesday, propelled by a rally in other industrial metals early in 2008.
Oil prices rallied on Wednesday as a slump in U.S. crude oil stockpiles to their lowest level in nearly three years rekindled worries of a winter supply crunch.
Crude oil fell on Monday as the dollar gained strength and as news arose that OPEC may boost oil output at the cartel’s next meeting in February.
Crude oil fell nearly $2 on Thursday on concern whether yesterday’s plan by central banks around the world to lend more money to commercial banks would do enough to prevent an economic slowdown.
Oil rose more than $3 on Wednesday on speculation that a decision by central banks to provide cash to financial institutions will generate economic growth.
Crude oil fell on Friday in New York, on a report of higher than expected fuel inventories this week.
Crude oil fell on Wednesday after a government report showed that U.S. fuel stockpiles rose last week, erasing earlier gains when the Organization of Petroleum Exporting Countries agreed not to boost oil production.
Crude oil fell more than Tuesday amid expectations that the Organization of Petroleum Exporting Countries may boost production for 2008.
Crude oil rose on Monday ahead on an OPEC meeting tomorrow to decide whether to boost production.
Crude oil rose on Thursday, following an overnight explosion at a major pipeline which cut Canadian oil supply to consumers in the U.S.
Gold held firm above $800 an ounce on Thursday as oil prices soared, but prices were locked into narrow ranges as a firmer dollar dulled the metal's attraction for non-U.S. investors.
Oil surged more than $4 a barrel on Thursday after an explosion at a major pipeline temporarily halted nearly a fifth of crude oil imports to top consumer the United States.
