Topic: Stephen Schork

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  • Oil prices fall as global demand weakens

    Oil prices dropped 12 cents to $92.07 per barrel Monday amid expectations for weaker demand. The lag in oil prices showed pessimism over the prospects for both domestic and global demand given weak growth in China, the US, and Europe.

  • Oil prices plunge after last week's bump

    Oil prices bobbed above $97 per barrel and then retreated on Tuesday, a day after prices unexpectedly took a plunge. The drop in oil prices erased the gains made last week when the Federal Reserve unveiled new steps to boost the US economy.

  • Gas prices rise as Isaac throttles the Gulf

    Gas prices are expected to jump 10 cents Monday to $3.008 per gallon. The rise in gas prices comes as Tropical Storm Isaac churns its way through the Gulf of Mexico.

  • Gas prices creep upward as oil soars

    Gas prices rose 2.4 cents over the weekend to a national average of $3.38 per gallon,, but oil spiked nearly 2 percent as Norwegian oil workers prepared to strike. Gas prices are up six cents from last week, but remain well below prices seen at the same time last year.

  • 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 slip below $97 a barrel

    Oil prices slip below $97 a barrel

    Oil prices fell $2 Friday to $96.93. But Brent crude oil prices in London remain above $108 per barrel.

  • Oil stocks rise, oil prices fall

    Oil stocks rise, oil prices fall

    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 fall more than 2 percent

    Oil futures fall more than 2 percent

    Oil futures close down below $98 a barrel in New York. Oil futures fall as dollar strengthens.

  • Gas prices hit $3 a gallon, highest in 27 months. Will they go higher?

    Gas prices hit $3 a gallon, highest in 27 months. Will they go higher?

    Now at an average price of $3 a gallon, gasoline could cost at least $3.50 a gallon by spring. Rising gas prices go hand in hand with higher oil prices, driven up by outlook for a stronger economy.

  • Gas prices flat as oil market drifts

    Gas prices flat as oil market drifts

    Gas prices were unchanged from Wednesday but fell 2 cents from last week, bringing the national average to $2.81 a gallon.