NEW YORK (AP) — Oil rose above $93 a barrel for the first time in two weeks Thursday, as the latest data on U.S. unemployment claims suggested job growth may pick up from last month's sluggish pace.
BANGKOK (AP) — The price of oil continued to climb Thursday, a day after its biggest gain in five months, as recent glum data from the U.S. and Germany boosted expectations of central bank action to shore up the global economic recovery.
Benchmark oil for June delivery was up 26 cents to $91.69 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil had its biggest daily gain since December on Wednesday, as speculation grew that the European Central Bank will cut interest rates next week. The contract jumped $2.25, or 2.5 percent, to finish at $91.43.
NEW YORK (AP) — Oil had its biggest daily gain since December, as oil supplies rose less than expected in the U.S. and speculation grew that the European Central Bank will cut interest rates.
BANGKOK (AP) — Crude prices rose Wednesday as traders waded back into the oil market following a string of positive corporate earnings and an improved U.S. housing report.
NEW YORK (AP) — A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy.
The House approved a bill that would protect electric utilities from environmental fines and lawsuits if the Energy Department orders them to keep power flowing, FuelFix reports.
The Senate Energy and Natural Resources Committee will meet to discuss safe development of shale gas and hear testimony from government and industry officials today, The Hill reports.
Activists and environmentalists launched criticisms against the Environmental Defense Fund for its decision to join industry groups to help develop hydraulic fracturing standards, Bloomberg reports.
Some industry leaders are concerned that shifting opinions and increased legislative action on hydraulic fracturing could hinder their chances to develop Colorado's energy resources, Bloomberg reports.
Dominion Resources Inc. told the Nuclear Regulatory Commission last week that it had removed all nuclear fuel from the reactor at the shuttered Kewaunee Nuclear Plant, the Green Bay Press-Gazette reports.
A Colorado bill to establish a renewable energy mandate for cooperatives has faced a lawsuit and an advertising campaign over whether the bill would incentivize state renewable energy, The Gazette reports.
