The price of oil is steady around $92 a barrel Thursday after three days of losses. But weak economic data from Europe, China and Japan are reinforcing expectations of lower oil demand.
NEW YORK (AP) — The price of oil is rising Monday, adding to a big gain last week after the U.S. Federal Reserve announced new steps to boost the U.S. economy.
The price of oil remained little changed Tuesday as traders weighed two opposing forces: Stimulus programs in Europe and the U.S. could free up cash for oil purchases, but oil supplies are plentiful and demand is weak.
VIENNA (AP) — OPEC’s secretary general says oil prices could rise by about $25 from their present levels without threatening the world economy.
Crude prices have dropped steeply in recent months with the U.S. benchmark selling Friday at just below $85 a barrel...