Oil drops to near $68 a barrel as rally loses some steam; Shell CEO warns of price spikesSIOUX FALLS, S.D. — Oil prices fell Monday as a four-month rally that has roughly doubled the price of crude lost some steam alongside the stock markets. Weeklong energy rally stumbles with latest report on a big surplus in oilSIOUX FALLS, S.D. — Oil prices took a dive Wednesday after a government report on unused crude in storage suggested the monthlong rally in energy prices may have been premature. Weeklong rally in energy prices stumbles as unused crude in storage rises againSIOUX FALLS, S.D. — A weeklong rally in energy prices appeared to stumble Wednesday, with more evidence of anemic demand. Oil slips below $68, remains near 7-month highs ahead of expected fall in US crude stocksSIOUX FALLS, S.D. — Oil prices slipped below $68 a barrel Wednesday before the government reported how much unused crude, now near 19-year highs, remains in storage. A barrel of oil crosses $69 for the first time this year; gasoline prices riseSIOUX FALLS, S.D. — Oil prices briefly passed $69 per barrel Tuesday in a weeklong rally that appears short on fundamentals, yet exceedingly full of momentum. Oil prices hit new high for the year with signs of rebound in China leading the wayCOLUMBUS, Ohio — Oil prices pushed to new highs for the year Monday on a weak dollar and new data suggesting manufacturing in China has strengthened. Both of those factors helped send energy prices to record highs last summer. Oil, gas prices hit 6-month highs; energy experts say rising prices won’t lastCOLUMBUS, Ohio — Oil and gasoline prices continued a recession-defying march higher Friday, doubling in the past six months largely on optimism of a strengthening economy. Energy prices fall as investors second-guess oil’s 10 percent price surge last weekCOLUMBUS, Ohio — Energy prices eased Monday as investors appeared to second-guess a 10 percent surge in the value of crude last week on the New York Mercantile Exchange. |