There is no pinned content in this Editor's Picks module.
Click here to learn more about content pinning.
WASHINGTON -- U.S. demand for oil and refined products - including gasoline - is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes. Yet oil and gasoline prices are
Published: Feb. 21, 2012 at 5:55 PM NEW YORK, Feb. 21 (UPI) -- Crude oil prices rose close to $106 a barrel Tuesday after finance leaders in Europe agreed on a $172 billion bailout loan for Greece. Without the bailout, Greece would have gone into default
Traders monitor oil prices, Tuesday, Feb. 21, 2012 at the New York Mercantile Exchange. Oil prices remained above $104 Tuesday but retreated from recent highs after European leaders agreed to lend Greece euro130 billion ($172 billion) to avoid a debt... View Photo »
Benchmark oil for February delivery jumped $1.75 to $100.45 per barrel in electronic trading on the New York Mercantile Exchange.
* Geopolitical risk up as Iran repeats threat * Greece deal sparks relief rally for commodities * Poll-U.S. crude stocks seen down, gasoline up NEW YORK, Feb 21 - U.S. crude futures rose for the fourth straight session on Tuesday and closed at their high
WASHINGTON — U.S. demand for oil and refined products — including gasoline — is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes. Yet oil and gasoline prices are s
Published: Feb. 21, 2012 at 5:25 PM NEW YORK, Feb. 21 (UPI) -- The price of gold rose in New York Tuesday as equities were flat after a $172 billion bailout agreement for Greece was announced. The Greek bailout was anticipated and may have been well pric
NEW YORK, NY - FEBRUARY 15: Oil traders work on the floor of the New York Mercantile Exchange on February 15, 2012 in New York City. As Iran reportedly may have cut oil exports to six European countries in retaliation for economic sactions levied on... View Photo »
By Jerry A. DiColo Commodities markets jumped higher as euro-zone finance ministers approved a second bailout for Greece. Copper, gold and other metals posted gains, while crude oil surged to a nine-month high after European leaders approved a €130 billi
Stocks moved higher in morning trading on Tuesday as investors reacted to a much anticipated Greek debt deal. At its best levels, the Dow Jones Industrial Average breached the key psychological 13,000 mark before retreating in afternoon trade. At the clo
The New York Mercantile Exchange (NYMEX) is the world's largest physical commodity futures exchange, located in New York City. Its two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX) which were once separate but are now merged. The parent company of the New York Mercantile Exchange, Inc. , NYMEX... Full Article
NEW YORK, NY - FEBRUARY 15: Oil traders work on the floor of the New York Mercantile Exchange on February 15, 2012 in New York City. As Iran reportedly may have cut oil exports to six European countries in retaliation for economic sactions levied on them, oil has risen to its highest...
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Thursday, Sept. 1, 2011 in New York. Gasoline is near the highest it's ever been for this time of year, just ahead of the Labor Day weekend. The run-up in oil prices this year, combined with a rash of refining...
View Photo »Traders work in the oil options pit of the New York Mercantile Exchange Monday, Aug. 22, 2011. Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending.
View Photo »Traders work in the oil options pit of the New York Mercantile Exchange Monday, Aug. 22, 2011. Prices for international crude oil fell Monday, on the prospect that exports from Libya will return to the market at a time of economic weakness.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Tuesday, Aug. 9, 2011 in New York. Oil is rising after OPEC said global demand for oil will continue to grow this year, despite the weak economic recoveries in the U.S. and Europe.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Friday, Aug. 5, 2011 in New York. Oil is rising slightly as investors weigh worries about the global economy with positive news about U.S. hiring.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Friday, May 6, 2011, in New York. Oil prices recovered after the U.S. government said the economy added 244,000 jobs in April.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Tuesday, April 12, 2011 in New York. Oil is falling after Goldman Sachs warned investors that crude is due for a "substantial pullback."
View Photo »A trader works in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange in New York in this August 8, 2011 file photo. Sentiment at Asia's top companies fell in the third quarter, hitting its lowest level since the fourth quarter of 2009 as doubts...
View Photo »Traders work in the oil options pit at the New York Mercantile Exchange in New York, Monday, March 14, 2011.
View Photo »Traders work in the oil options pit at the New York Mercantile Exchange Wednesday, March 9, 2011. Crude oil prices were slightly above $105 a barrel in early trading. The conflict in Libya has raised concerns about a drop in oil production, causing a surge in crude prices and weighing...
View Photo »In this Aug. 12, 2011 photo, traders work in the oil options pit of the New York Mercantile Exchange. Fewer exports and weaker growth in business stockpiles led the Commerce Department to lower its estimate for the April-June quarter from its previous rate of 1.3 percent growth. That...
View Photo »Traders work in the oil options pit at the New York Mercantile Exchange in New York, Monday, March 7, 2011. Unlike an iPhone or a pair of jeans or a Big Mac, oil and gasoline are commodities whose prices can change every second.
View Photo »NEW YORK, NY - FEBRUARY 25: Traders work in the oil options pit in the New York Mercantile Exchange February 25, 2011 in New York City. Crude oil prices alternated between gains and losses today, trading near $100 a barrel though down from highs earlier in the week.
View Photo »NEW YORK, NY - AUGUST 11: Traders work in the oil options pit on the floor of the New York Mercantile Exchange on August 11, 2011 in New York City. In the latest turn of events in the volatile markets, oil prices rose in the wake of reports that joblessness was decreasing.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Thursday, Feb. 24, 2011 in New York. The clashes in Libya sent oil up to nearly $100 a barrel Thursday. Traders are worried the revolt could threaten Libya's oil production and spread to other countries in the...
View Photo »Chart shows NYMEX light sweet crude oil since 2008.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Wednesday, Feb. 23, 2011 in New York. Oil prices zoomed to nearly $102 a barrel Thursday, Feb. 24,in Asia as chaos in Libya disrupted crude supplies from the OPEC nation, and traders worried instability could...
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Wednesday, Feb. 23, 2011 in New York. Oil prices continue to climb as forces loyal to Moammar Gadhafi violently clashed with protesters who have expanded their control over the country.
View Photo »Traders work the crude oil options pit at the New York Mercantile Exchange Tuesday, Feb. 22, 2011 in New York.
View Photo »A trader works in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange in New York August 8, 2011. U.S. crude futures fell more than 4 percent on Monday on heightened concerns about economic growth after Standard & Poor's cut the top-tier credit...
View Photo »Traders work in the silver and gold options pit on the floor of the New York Mercantile Exchange in New York August 8, 2011. Gold vaulted above $1,700 an ounce for the first time on Monday after pledges by the G7 and the European Central Bank to quell the turbulence in the financial...
View Photo »A trader works on the gold trading floor of the New York Mercantile Exchange, August 3, 2011.
View Photo »Traders work in oil pits on the floor of the New York Mercantile Exchange, August 3, 2011.
View Photo »Traders work in the silver and gold options pit on the floor of the New York Mercantile Exchange in New York in New York July 18, 2011. Gold surged to an all-time high above $1,600 an ounce on Monday, extending a record rally as investors sought a safe haven on fears that U.S. lawmakers...
View Photo »NEW YORK, NY - FEBRUARY 15: Oil traders work on the floor of the New York Mercantile Exchange on February 15, 2012 in New York City. As Iran reportedly may have cut oil exports to six European countries in retaliation for economic sactions levied on them, oil has risen to its highest...
View Photo »