Oil prices in the U.S. dropped 3 percent on Tuesday, putting U.S. crude at $76.45 a barrel. That’s the lowest price since October 2011, according to Reuters.
News Wrap: Egypt's Political Crisis Causes Spike in Oil Price…
What does the dissent within the ranks of the oil-producing nations in OPEC mean for oil prices in the U.S.? Margaret Warner discusses the turmoil at OPEC summit this week with Ed Crooks of The Financial Times.
President Barack Obama began his latest effort to open a dialogue with the Muslim world with a visit to King Abdullah of Saudi Arabia on Wednesday.
As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up.
By PBS NewsHour
Nigeria's main militant group in the oil-rich Niger Delta region claimed responsibility for two oil pipeline attacks Monday, less than a week after officially calling off a cease-fire on pipeline sabotage…
Question/Comment: With the record world petroleum prices, why is it that many oil-producing countries, such as Mexico, Venezuela, Nigeria, are still unable to solve their chronic poverty problem? Shouldn't the oil boom generate more jobs for the masses…
The Labor Department announced the sixth consecutive month of job cuts Thursday as employers cut 62,000 workers, further fueling U.S. economic concerns. Analysts examine the news.
As the summer travel season begins this Memorial Day weekend, American motorists are shifting their consumption patterns as they adjust to higher prices at the gas pump. Experts examine how consumers are handling the higher fuel prices.
Indonesian President Susilo Bambang Yudhoyono said Tuesday that his country is considering dropping out of the Organization of Petroleum Exporting Countries based on its declining oil output.
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