Energy

Oil ends higher on weaker dollar, supplies weigh

Crude oil prices rose on Monday against a weaker dollar, but ample oil supplies limited gains, even as equity markets hovered at record levels. FULL STORY »

Oil slips towards $104 on demand outlook, dollar

Brent crude oil slipped towards $104 per barrel on Monday, weighed by ample supplies, weaker demand for fuel and a strong dollar, despite gains in equity markets. FULL STORY »

Oil rallies for third day, shrugging off firm dollar

Oil rose for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, even as the dollar hit a multi-year high. FULL STORY »

Oil rises towards $105, shrugs off firm dollar

Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise. FULL STORY »

Oil ends slightly up, dour U.S. economic data caps gains

Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. FULL STORY »

Domestic ethanol production starts to grow again

After seeing their team repeatedly suffer heartbreaking playoff losses, Washington Capitals fans were hoping that this year would be different. FULL STORY »

Brent rises but capped by high jobless claims

Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook. FULL STORY »

Weather report: Northern Texas recovering after tornado outbreak

In the West, temperatures are making the transition to below-normal levels in the northern Rockies, northern Great Basin, and Pacific Coast States. On the Plains, parts of northeastern Texas are in recovery mode, following yesterday’s tornado outbreak—the nation’s deadliest in more than a year. In the Corn Belt, warm weather continues to promote an acceleration of fieldwork. In the South, widely scattered showers are causing only minor fieldwork delays. FULL STORY »

Oil gains $1 on U.S. equity rally

Brent crude oil prices rose by more than $1 on Wednesday, reversing early losses to settle above $103 a barrel and increasing its premium over U.S. crude to the largest in 13 sessions. FULL STORY »

Oil slips towards $102 as euro zone recession deepens

Oil slipped towards $102 a barrel on Wednesday after data showed the euro zone's recession extended to the longest on record, while a stronger U.S. dollar and ample supplies put additional pressure on on the price. FULL STORY »

Brent oil prices fall in light trading

Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season. FULL STORY »

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