Oil prices rose to a record high above $142 a barrel Friday on a weak dollar and supply concerns, prompting many analysts to predict $150-a-barrel oil sometime soon.
Oil price hovers at $50 a barrel
Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.
Crude oil less than $67 a barrel
Oil prices have fallen to below $67 a barrel, on expectations that demand will slow as the world economy contracts.
Oil dips below $70 a barrel
Oil prices fell Tuesday, briefly sliding below the $70-a-barrel mark, as talk of falling demand continues to weigh on the markets.
Oil tumbles below $75 a barrel
Oil prices sank Wednesday as investors saw further signs of economic weakness and worried that a U.S. recession could kill demand for fuel.
Oil price dips below $90 a barrel
Oil prices fall to an eight-month low of less than US $90 a barrel and shares on Gulf stock markets fall sharply.
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