Crude prices turned lower Tuesday on a strengthened dollar and a report showing increased output from Saudi Arabia and OPEC, while gasoline reached another record high average that stretched above the $4-a-gallon threshold.
Oil resumes slide on OPEC comments
Oil prices fell below $124 a barrel Tuesday after OPEC's president said crude prices were abnormally high and that high prices did not result from...
Gas prices sink below $2
For the first time in more than three-and-a-half years the average price for gasoline fell below $2 a gallon, according to the latest figures...
Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling oil prices, the cartel's president says in an interview.
Oil prices fall on economy fears
Oil prices fall on more bad economic news and after Opec hinted it would not cut oil production soon.
Iran pushes for further oil cut
Iran is to urge Opec to agree another cut in production to boost the price of oil, a top Iranian oil official says.
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