Mail & Guardian
Mail & Guardian
us department of energylatest news & developments

Oil smashes $135 in Asian trade

Oil smashed past $135 a barrel for the first time on Thursday, continuing its astonishing rise following unexpected drops in United States crude and petrol stocks in a tight…

Oil prices steady near record highs

Oil prices held steady near record highs in Asian trading on Thursday. New York’s main oil futures contract, light sweet crude for delivery in May, was four cents higher at…

Oil price hits record high near $115

The price of New York oil on Wednesday struck an historic peak at $114,95 on news that United States energy inventories tumbled last week and as the US currency hit an all-time…

Oil price hits record above $105

Oil prices surged past $105 for the first time on Thursday as traders reacted to a surprisingly sharp fall in United States crude reserves and the plunging US dollar, analysts…

Oil price hits $94 for first time

Oil prices hit fresh record highs on Wednesday, with New York crude at $94 per barrel after news that United States crude inventories had slumped last week, traders said. "The…

Oil prices still surging in record week

The price of London Brent oil hit another all-time high on Friday on United States storm concerns at the end of a record-breaking week that saw New York crude soar beyond per…

Oil prices fall at end of record-breaking week

New York oil prices fell on Friday on profit-taking after striking a fresh record peak above $80 a barrel overnight on concerns over tight supplies of United States crude,…