Oil prices rebound on positive moves from Europe after dipping to 12-month lows. Lower oil prices had caused US gasoline prices to drop 27 cents in a month.
Oil futures are up after dropping to their lowest levels since 2010 earlier in the week. Oil futures rebounded on signs that financial leaders will move to bolster struggling European banks and on positive U.S. economic news.
Oil futures slipped 3 cents to $97.38 a barrel for West Texas Intermediate crude. In London, Brent oil futures fell 5 cents to $117.38.
Oil futures swayed by better outlook for US economy and Greek aid deal. It's the first time since early June that oil futures have breached the $100 level.
Oil stocks are climbing globally, which is sending oil and gasoline prices lower. One factor behind rise in oil stocks: a resurgent Iraq.
Oil futures drop below $98 a barrel. Gasoline futures decline even more. Oil futures now down 15 percent this month.
Commodities like oil, gold, and copper all fell this week. Silver led the plunge in commodities with a 28 percent decline.
Gas prices have risen above $3.50 a gallon in most of the US. With gas prices rising, Americans are cutting back on trips to the pump.
Oil surges to its highest level since September 2008. Natural gas prices rise, too.
Oil prices drop in Europe and US in wake of concerns Japanese demand will drop. West Texas oil prices hover around $100.