You are browsing the archive for oil prices.

EIA chief: Oil prices would hit $150 a barrel without US shale

September 24, 2014 in Uncategorized

WASHINGTON — If U.S.-led attacks knock out oil fields controlled by Islamic State militants, petroleum from the American drilling boom could make up for any shortfall on global markets, a report released by a Republican senator said on Wednesday.
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Oil hits 9-month high at $115 a barrel: Record comes on heels of Iraqi conflict

June 19, 2014 in Uncategorized

NEW YORK — Brent crude hit a nine-month high of more than $115 a barrel on Thursday as the United States said it would send military advisers to Iraq, raising concerns about the escalating conflict.
Government forces continued to battle Sunni mili…continue reading on

Emerging markets creates economic optimism

November 16, 2011 in Grand Forks Herald

Data issued today point to an economy growing slowly but steadily. Still, surging oil prices and a possible European recession threaten to drain the economy’s momentum. Continue Reading

Oil prices recover after positive U.S. jobs report

May 6, 2011 in Grand Forks Herald

Oil prices recovered after the U.S. government said the economy added 244,000 jobs in April. The hiring spree last month was the biggest in five years. That could mean more people using gas to drive to work. Continue Reading

Gas prices increase 14 cents in a week in North Dakota

March 7, 2011 in Grand Forks Herald

Average retail gasoline prices in North Dakota have increased 14.3 cents per gallon the past week, averaging $3.50 today. Nationally, prices have increased 12.6 cents per gallon to $3.47, according to gasoline price website Continue Reading

Airfares on the rise amid surging fuel prices

March 7, 2011 in Grand Forks Herald

Delta, American Airlines and Southwest Airlines have all hiked fares as fuel prices continue to increase. Jet fuel prices have risen more than 50 percent in the past year to more than $3 a gallon. Continue Reading

Gas prices top $3.50, oil nears $107 per barrel

March 7, 2011 in Grand Forks Herald

Pump prices have jumped an average of 39 cents per gallon since the Libyan uprising began in mid-February, forcing motorists to pay an additional $146 million per day for using the same amount of fuel. The national average hit $3.509 per gallon today, according to AAA, Wright Express and Oil Price Information Service. Continue Reading

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Oil Settles at Highest Level Since Sept. 2008

March 4, 2011 in WDAZ

Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world’s largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February. Continue Reading

Oil prices rise to near $103 per barrel as Libya conflict escalates

March 4, 2011 in Grand Forks Herald

Oil prices rose to near $103 a barrel today as Libyan government and rebel forces dug in amid fierce fighting while protests restarted in the capital Tripoli, raising investor fears of protracted oil output cuts. Continue Reading

Oil prices to impact Minnesota’s budget deficit numbers

February 28, 2011 in Grand Forks Herald

Minnesota State Economist Tom Stinson said a budget report released today counts on oil selling for $90 to $95 a barrel. Today, oil prices hovered around $100 per barrel. Continue Reading