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October 6, 2008 6:04:41 PM CDT

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Stories related to: $100 a barrel oil

Stories

17 Stories

  • September 2008

    • Oil Falls Below $97 on Mild Ike Damage

      Associated Press  |  Sep 15, 08 7:14 AM CDT

      Oil Falls Below $97 on Mild Ike Damage

      (AP) - Oil prices fell below $97 a barrel today, after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast. Light, sweet crude for October delivery declined $4.39 to $96.79 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe, after finishing at $101.18 on Friday. Federal officials said yesterday that the storm destroyed only about 10 of the Gulf's 3,800 oil and gas platforms. More »

      Tags

      oil prices  • $100 a barrel oil  • crude oil prices  • commodities exchange  • NYMEX  • oil futures

  • July 2008
  • June 2008

    • What if Oil Hits $200?

      Los Angeles Times  |  Jun 28, 08 3:35 PM CDT

      What if Oil Hits $200?

      (Newser) - Wall Street has predicted $200-per-barrel oil for months, but what if it really happens? Not only drivers would be hurt by such a spike, the Los Angeles Times reports: Inflation would skyrocket as oil-derived products turn pricey and "the purchasing power of the American people would be kicked in the teeth so darned hard that they won't have the ability to buy much of anything,” one energy expert predicted. More »

      Tags

      oil price  • oil  • inflation  • $100 a barrel oil  • commute

  • May 2008

    • Stocks Fall on Yahoo Plunge, Oil Spike

      Wall Street Journal  |  May 5, 08 3:32 PM CDT

      Stocks Fall on Yahoo Plunge, Oil Spike

      (Newser) - Stocks fell today as Yahoo shares plummeted 16% and crude prices jumped past $120 a barrel. "People have gotten in, but they don't want to be in a big way," a investment officer told the Wall Street Journal . The Dow fell 88.66 at 12,969.54, the Nasdaq 12.87 to 2,464.12, and the S&P 500 6.41 at 1,407.49. More »

      Tags

      Microsoft  • stock market  • Yahoo  • oil price  • $100 a barrel oil

  • April 2008

    • Oil Tops Record High $113

      AFP  |  Apr 15, 08 6:44 AM CDT

      Oil Tops Record High $113

      (Newser) - Crude oil hit a new record high in trading today—$113.66 a barrel—as weary investors attempted to hedge against a tumbling dollar and oil shipments were disrupted around the world. Though the dollar is the main concern, supply problems, including OPEC's decision not to change its 2008 outlook and the closure of a top Mexican export terminal, didn't help, the AFP reports. More »

      Tags

      oil price  • US dollar  • crude oil  • Wachovia  • weak dollar  • $100 a barrel oil

  • March 2008

    • $4 Gas Expected This Spring

      USA Today  |  Mar 12, 08 4:40 AM CDT

      $4 Gas Expected This Spring

      (Newser) - Skyrocketing gas prices could hit $4 a gallon as early as this spring, predict government analysts. A new Energy Department report estimates prices will peak at close to $3.50 in most of the nation in May and June, but the $4 barrier could be broken in some regions, and even across the country for a short period as demand peaks, reports USA Today . More »

      Tags

      gas prices  • oil price  • oil  • inflation  • oil supply  • $100 a barrel oil

    • Oil Gushes to Record $105.96

      Bloomberg  |  Mar 6, 08 8:32 AM CST

      Oil Gushes to Record $105.96

      (Newser) - An ever-weakening dollar, an unexpected drop in US crude oil reserves, and a Wednesday OPEC decision not to boost production helped spur oil to a record $105.96 a barrel, Bloomberg reports. It's the third record this week, and the dollar’s $1.5345 against the euro is the lowest level its reached since the euro was introduced in 1999. More »

      Tags

      oil price  • oil  • crude oil  • OPEC  • euro  • weak dollar  • $100 a barrel oil

    • Oil Flirts With Record-High $104

      New York Times  |  Mar 3, 08 11:45 AM CST

      Oil Flirts With Record-High $104

      (Newser) - As oil soared to nearly $104 a barrel today, it set an all-time, inflation-adjusted record, surpassing even the height of the oil crises of the '70s and '80s, the New York Times reports. Futures touched $103.95 on the New York Mercantile Exchange, beating out the April 1980 record of $39.50 a barrel, or $103.76 adjusted for inflation. More »

      Tags

      oil price  • oil  • inflation  • commodities  • oil supply  • $100 a barrel oil  • futures market  • New York Mercantile Exchange  • oil crisis

  • February 2008

    • House Passes Bill to Halt Big Oil Tax Breaks

      Washington Post  |  Feb 28, 08 5:36 AM CST

      House Passes Bill to Halt Big Oil Tax Breaks

      (Newser) - Millions of dollars in tax breaks enjoyed by the top five oil companies would be rescinded under an $18 billion tax package which cleared the House of Representatives yesterday. The money saved would be plowed into creating alternative sustainable energy sources. It represents just a penny a gallon to the oil giants Exxon Mobil, Chevron, ConocoPhillips, BP and Shell. More »

      Tags

      gas prices  • oil  • ExxonMobil  • $100 a barrel oil  • tax breaks  • Exxon  • Chevron  • BP  • foreign oil  • ConocoPhillips  • corporate tax cuts

    • $100 Oil Fuels Recession Fears

      Christian Science Monitor  |  Feb 21, 08 12:47 PM CST

      $100 Oil Fuels Recession Fears

      (Newser) - Oil prices have jumped 16% in two weeks, and analysts tell the Christian Science Monitor the run-up couldn't come at a worse time. As the US economy flirts with recession, beleaguered consumers could end up spending their economic stimulus checks to cover even higher gas prices. The $101.32 per barrel oil gushed to yesterday is attributed to cuts in production and fears that OPEC may trim output further at its meeting next month More »

      Tags

      gas prices  • recession  • oil price  • oil  • inflation  • crude oil  • OPEC  • oil production  • $100 a barrel oil  • energy prices

    • $100 Oil Extinguishes Rally

      Wall Street Journal  |  Feb 19, 08 4:11 PM CST

      $100 Oil Extinguishes Rally

      (Newser) - After three-digit Dow gains, today's record surge in oil prices knocked out a broad rally, and the major indexes closed in the red. Analysts say the market won't be able to sustain a prolonged rally for some time. "The rallies we're seeing now are just bounces, not a new trend," a strategist tells the Wall Street Journal . The Dow ended down 10.99 at 12,337.22, the Nasdaq 15.60 at 2,306.20, and the S&P 500 1.21 at 1,348.78. More »

      Tags

      stock market  • oil price  • oil  • OPEC  • $100 a barrel oil

  • January 2008

    • Traders Gamble on $200 Oil

      Bloomberg  |  Jan 8, 08 6:24 AM CST

      Traders Gamble on $200 Oil

      (Newser) - You thought $100 a barrel was high. Options to buy oil for $200 a barrel have grown tenfold on the Nymex exchange in recent weeks, Bloomberg reports. Speculators use oil futures to bet on expected price hikes. While $200-a-barrel options remain only a small proportion of the total, the number has been going up as traders gamble that events could cause oil prices to climb even higher than record highs. More »

      Tags

      oil price  • crude oil  • oil production  • $100 a barrel oil  • futures market

    • $200 Oil on Horizon: Economists

      Der Spiegel  |  Jan 3, 08 3:13 PM CST

      $200 Oil on Horizon: Economists

      (Newser) - The price of oil could surge to $150 in five years and $200 in 10 years, a prominent German economic institute reports. "Oil supplies are becoming increasingly scarce and that will continue to drive up prices," said one energy expert. Oil prices hit $100 yesterday for the first time, and continue to hover near the triple-digit mark in today's trading. More »

      Tags

      Germany  • oil price  • oil  • energy  • crude oil  • weak dollar  • $100 a barrel oil

    • Sky-High Oil Will Reshape World Power, Dent US Clout

      Wall Street Journal  |  Jan 3, 08 6:39 AM CST

      Sky-High Oil Will Reshape World Power, Dent US Clout

      (Newser) - The surging price of oil from $10 a barrel a decade ago to a record $100 today is remaking the global economy and altering the balance of power across the world, according to the Wall Street Journal . If oil prices continue to climb, as many experts predict, US political power will decline as the economic clout of oil producers increases exponentially. The price of oil was holding near $100 today, driven by concerns about US fuel supplies and the dollar, Reuters reports. More »

    • Oil Hits Record $100 a Barrel

      CNN  |  Jan 2, 08 11:11 AM CST

      Oil Hits Record $100 a Barrel

      (Newser) - Crude oil prices jumped $4.02 today to push past $100 a barrel for the first time as Nigerian violence, disrupted Mexican exports, and the specter of dipping US stockpiles stoked supply fears in the face of ever-rising energy demands, CNNMoney reports. The previous record was $99.29, set November 20. More »

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