Topic: Oil Prices

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6 factors that will determine concessions from Iran

Can war with Iran can be avoided? In recent talks with the West in Baghdad, Iran showed some greater flexibility about its nuclear program. But Iran has a history of trickery in the nuclear arena. Whether Tehran will cooperates with Western demands depends on the following six factors.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Six reasons to keep America as No. 1 superpower

Many around the world say American decline would preserve global stability through a better balance of power. They’re wrong, says Steve Yetiv, a political science professor at Old Dominion University. It’s not that other countries or international institutions can’t play vital roles. They do. But they can't yet do what Washington does around the world, Yetiv says. Here he gives six examples.
Gas prices fact check: Six ideas in Congress, but can they work?

Soaring gas prices have also shown a consistent and significant ability to push members of Congress over the deep end. Here's the experts' take on 6 ideas floating through Congress.
High gas prices: what presidential candidates say they'll do about it

Gas prices jumped 30 cents a gallon in February, and Republicans are blaming President Obama for not having a policy fix. Here's what Mr. Obama and the GOP presidential aspirants are saying on the campaign trail lately about their remedy for high gas prices.

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Despite oil prices, falling euro, Dow closes up slightly

Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
Oil prices rise on optimism about Greece

Oil prices near $92 a barrel after weekend opinion polls show Greece's austerity parties could form a coalition. In London, oil prices move up nearly $1 a barrel.
6 factors that will determine concessions from Iran

Can war with Iran can be avoided? In recent talks with the West in Baghdad, Iran showed some greater flexibility about its nuclear program. But Iran has a history of trickery in the nuclear arena. Whether Tehran will cooperates with Western demands depends on the following six factors.
Memorial Day: good news on gasoline prices, and it may get better

Memorial Day weekend, the start of the summer driving season, will see gasoline prices at their lowest in two years. Concerns about Europe and optimism about Iran have helped cut the cost of crude.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Oil prices fall to seven-month low

Oil prices edge down below $91 a barrel as tensions ease over Iran nuclear program. London's Brent crude oil prices fall to $107.
Oil prices will rise, Iran says, if embargo comes

Oil prices will go up if European Union goes through with a total embargo on Iranian crude in July, Iran's economy minister says. IMF has warned oil prices could rise as much as 30 percent if Iran halts exports.
Oil prices remain below $95 a barrel

Oil prices in Asia are near a five-month low. Concerns that Greek election chaos could undermine confidence in Europe are behind sagging oil prices.
Oil prices fall below $96 a barrel

Oil prices in Asia fall on concerns about slowing economic growth. Oil prices have fallen about 10 percent since last week.
Gas prices are falling: why that might not really help Obama

Gas prices have dropped steadily in recent weeks, and the issue is barely registering with voters. While that eases some pressures on Obama, it doesn't necessarily translate into more votes.
Oil prices set new low for 2012

Oil prices swoon on uncertainty in Europe after weekend elections in Greece and France. Oil prices traded below $96 a barrel before closing at $97.39.
Oil prices drive Delta Air Lines to buy its own refinery. Will that work?

Delta Air Lines wants to better control the cost of refining oil for jet fuel. The cost savings won't be enormous, but in such a competitive industry, every little bit helps.
Consumer Energy Report
High gas prices? Don't (always) blame oil speculators.

Most people would probably agree that speculation in the oil and gas markets is hurting American consumers. But speculation is not a one-way street where the average consumer always loses.
Oil prices drop to $103 a barrel

Oil prices fell to near $103 a barrel Monday. Oil prices have been falling because of investor worries that economic growth in the US and China may slow more than previously expected.
Why Obama can't control gas prices

Many of us fail to understand a near-maxim of gas prices: No one can really control them and certainly not an American president. And we should know why that is the case since the price of gasoline impacts us all and the global economy.
Analysts react to Obama plan for curbing oil speculation

Several industry analysts are reacting to President Obama's announced plan Tuesday to curb oil speculation, which some say has to led to rising fuel prices.
Russia protests are overblown by West. Putin is here to stay.

Mesmerized by Moscow protests, Western observers predict President-elect Vladimir Putin’s demise. But the politically active middle class is small and limited. US policy must be based on a realistic analysis of Putin’s support, not unfounded assessments that he's on his last legs.
Oil prices back up over $103 a barrel

Oil prices in Europe edged up in trading in anticipation of talks with Iran over its nuclear program. Oil prices peaked at $110 last month.
Gasoline prices: Have we reached the top yet, or just a false summit?

The danger of consumer sticker shock faded at the pumps this week as gasoline prices appeared to hit a plateau. But analysts are divided over where they go from here.
Oil prices drop ahead of Iran talks

Oil prices fall below $102 a barrel. Iran set to negotiate its nuclear program with six major powers Friday, pushing oil prices even lower after last week's fall on weaker US demand.
Americans spread blame for high gas prices, foresee $4.75 a gallon

Americans foresee, on average, gas prices at $4.75 a gallon within three months, shows a Christian Science Monitor/TIPP poll. They most blame the oil industry and Wall Street. But they expect politicians to act.
What do Iran sanctions cost you? About 25 cents a gallon, experts say.

While consumers may support sanctions on Iran to dissuade it from pursuing a nuclear weapon, a foreign trade advocate says, they should also be told how sanctions impact Americans.
US stocks plunge; Dow down 124

US stocks suffered their worst losses in a month amid renewed worry over European debt. US stocks on the Dow lost 124 points to close at 13074.
Wall Street closes out best first quarter in 14 years

Wall Street sees dramatic gains for indexes in first quarter of 2012: Dow climbs 8 percent; S&P rises 12 percent; Nasdaq is up 19 percent.
Stocks mixed; Dow rallies late

After dropping as much as 94 points earlier Thursday, the Dow rallied late in the day to close up 19 points, at 13145.