price of oil

The price of oil rose Monday as investors cheered the federal government's massive rescue package for banking giant Citigroup.

The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.

Iran is to urge Opec to agree another cut in production to boost the price of oil, a top Iranian oil official says.

The price of oil fell Tuesday morning as enthusiasm for China's massive economic stimulus plan faded and overseas stock markets tumbled.

The price of oil pushed higher Wednesday as rising stock prices overseas tempered concerns about waning demand and the dollar retreated from recent highs.

When the Organization of Petroleum Exporting Countries meets at its Vienna headquarters on Friday it will be reminded of just how slippery oil prices can be, and how little control the cartel has over the price of oil.

The price of oil rose Monday as investors weighed a potential OPEC supply cut against longer-term concerns about weakening demand.

The price of oil continued to fall Thursday after a government report showed the nation's supplies of crude and gasoline grew more than expected last week.

The price of oil regained some ground Tuesday, after plunging to an 8-month low in the previous session, as investors weighed a weaker dollar against global economic weakness and signs of diminished demand for oil and gas.