American Petroleum Institute News
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Oil fell to the lowest level in more than six months as U.S. supplies grew to the most since 1990 and talks to form a coalition government in Greece collapsed, raising concern that Europe’s debt crisis will worsen.
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Oil dropped in New York to the lowest level in more than six months after U.S. crude stockpiles grew and talks to form a coalition government in Greece collapsed, raising concern that Europe’s debt crisis will worsen.
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Oil dropped to the lowest price in more than six months in New York after U.S. crude stockpiles increased and talks to form a coalition government in Greece collapsed, raising concern the region’s debt crisis will worsen.
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The Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping financial law enacted since the Great Depression, is supposed to protect investors and shield the economy from bubbles and speculation.
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BP Plc has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.
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U.S. gasoline demand may rise 1.2 percent this year as the number of licensed drivers increases, according Lundberg Survey Inc.
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Huddled around the West Wing table were an unlikely group of co-conspirators with the administration of U.S. President Barack Obama.
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Gasoline fluctuated as a fire shut a crude unit at Sunoco Inc.’s Philadelphia refinery and after an industry-funded report yesterday that U.S. crude supplies climbed to the highest level since 1990.
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Oil fell for a sixth day in New York, the longest run of declines in almost two years, after crude stockpiles increased in the U.S., the world’s largest consumer of the commodity.
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Oil fell for a sixth day in New York, the longest losing streak in almost two years, after stockpiles rose in the U.S. and Saudi Arabia’s Oil Minister Ali al-Naimi said the world is oversupplied with crude.
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