Full Coverage: Oil and Gas
Gas jumps above $3.67, oil passes $126 on Venezuela concerns
AP - 1 hour, 37 minutes agoNEW YORK - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.
Off the Wires
- Gas jumps above $3.67, oil passes $126 on Venezuela concerns AP - 1 hour, 37 minutes ago
- Oil hits record $126 on supply worry Reuters - 2 hours, 12 minutes ago
- Oil price vaults to record $126.20 AFP - Fri May 9, 10:28 AM ET
- European equities sapped by runaway oil prices AFP - Fri May 9, 7:51 AM ET
- U.S. crude sets record high of $125.98 a barrel Reuters - Fri May 9, 7:17 AM ET
News Stories
- Oil Lobby Reaches Out to Citizens Peeved at the Pump at The Washington Post - Fri, May 09, 2008
- Oil prices fall from record highs at CNN/Money - Thu, May 08, 2008
- Supply worries push oil near $124 at BBC - Thu, May 08, 2008
- Bill Targets Oil Firms and OPEC at The Washington Post - Thu, May 08, 2008
- Oil Giants to Settle Water Suit at The New York Times - Thu, May 08, 2008
Feature Articles
- Rising fuel prices are a driving force for change - away from autos at The Los Angeles Times - Fri, May 09, 2008
- Why $120 oil is good at CNN/Money - Thu, May 08, 2008
- As fuel prices rise, some slow down AP via Yahoo! News. - Wed, May 07, 2008
- Hedging Against $200 Oil at Business Week - Wed, May 07, 2008
- As Baghdad grapples with Sadr City, Iraqi Kurdistan busily builds 'Dream City' at Christian Science Monitor - Wed, May 07, 2008
- With food costs rising, ethanol benefits now questioned AP via Yahoo! News - Tue, May 06, 2008
Opinion & Editorials
- How to Use the Strategic Petroleum Reserve at The Wall Street Journal - Fri, May 09, 2008
- Election Year + $124 Crude Oil = Silly Solutions at Bloomberg.com - Fri, May 09, 2008
- The 18-Cent Solution at The New York Times - Thu, May 08, 2008
- Clinton's Best Oil Idea: Get Tough on OPEC at The Washington Post - Wed, May 07, 2008
- Guns for Oil at The Wall Street Journal - Wed, May 07, 2008
- Big Oil’s Friends in the Senate at The New York Times - Mon, May 05, 2008
Photos
Oil Industry
Traders work the Crude Oil trading pit at the New York Mercantile Exchange Friday, May 9, 2008, as oil rose above $126 a barrel for the first time Friday, bringing its ...
Related Web Sites
- Gaspricewatch.com
- offers pricing information for gas stations nationwide. Includes a tool to search on gas prices by zip code.
- Organization of the Petroleum Exporting Countries (OPEC)
- intergovernmental organization dedicated to the stability and prosperity of the petroleum market.
- Fossil Energy: Petroleum Reserves
- information on the the U.S. strategic reserve and the Northeast heating oil reserve. From the U.S. Department of Energy.
- Energy Information Administration: Petroleum
- includes data on oil and gas prices; an overview of imports and exports, supplies; and information on domestic exploration and production. From the U.S. Department of Energy.
- International Energy Agency
- Autonomous agency linked with the Organisation for Economic Co-operation and Development (OECD) that determines policies to meet changing energy and economic conditions.
- CNNmoney: Commodities Prices
- get updated prices and data on crude and home heating oil, gasoline, and natural gas.