Business, Fuel

Crude Oil Rises From Two-Week Low as Market Appears to Tighten

Brittany Sowacke/Bloomberg News

Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.

Mark Shenk | Bloomberg News
November 10, 2015
Business, Fuel

Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing

Andrey Rudakov/Bloomberg News

Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.

Mark Shenk | Bloomberg News
October 1, 2015
Business, Fuel

Oil Drops to 5-Year Low on Concern Supply Glut to Worsen

Daniel Acker/Bloomberg News

Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.

Moming Zhou | Bloomberg News
December 18, 2014
Business, Fuel, Logistics

Railroads Press Against Proposals to Slow Oil Trains

Matthew Staver/Bloomberg News

U.S. railroads are rallying customers, including lumber and steel companies, to fight a government proposal to slow trains hauling crude oil.

October 16, 2014
Business, Fuel

WTI Crude Slips Below $90 for First Time in 17 Months

Jamie Schwaberow/Bloomberg News

West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.

October 2, 2014
Business, Fuel, Logistics

Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API

Brett Gundlock/Bloomberg News

Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said.

September 30, 2014
Business, Fuel

Soaring U.S. Crude Output Could Buoy Trucking Industry

The significant growth in U.S. crude oil production, which recently overtook imports for the first time in 18 years, should help trucking by increasing freight volumes and possibly keeping a lid on prices, industry experts said.

December 9, 2013
Government, Business, Fuel

CFTC Proposes Rule Aimed at Limiting Oil Speculation Among Traders

Mario Villafuerte/Bloomberg News

Oil traders would be limited in the number of positions they can hold under a proposed rule approved Nov. 5 by the Commodity Futures Trading Commission.

Michele Fuetsch | Staff Reporter
November 7, 2013
Business, Fuel

Oil Falls to Five-Month Low Near $93 a Barrel

Bruce Harmon/Trans Pixs

Oil fell to a five-month low Nov. 5 to near $93 a barrel on speculation that inventories increased last week, Bloomberg News reported.

November 5, 2013
Business, Fuel

Crude Oil Closes Below $100 for First Time Since July

Crude oil finished trading at $99.68 a barrel Oct. 21, declining $1.43 to the lowest level since July 2 as the Energy Information Administration announced supplies increased, Bloomberg News reported.

October 21, 2013