Oil prices could keep falling due to oversupply, says IEA

Oil prices have not reached rock bottom and could continue falling well into next year, according to the west’s energy watchdog.

Japan halts last nuclear reactor at Ohi

Japan is shutting down its last functioning nuclear reactor, with no timetable for a restart. Reactor 4 at Ohi in western Japan will stop generating electricity in the early hours of Monday.

Crude Trims Biggest Weekly Gain Since June on U.S. Growth

West Texas Intermediate crude fell, trimming the biggest weekly increase since June, as the U.S. economy grew less than expected in the first quarter.

Gas prices could hit $3 by autumn

The darkening clouds of the slowing economy could provide a bright spot for consumers: gasoline at $3 a gallon — or less — by autumn.

Rising fuel costs cloud US economic outlook: Fed

Higher gasoline prices are muddying what is an otherwise improving outlook for the US economy, the Federal Reserve said in a keenly watched report, published Wednesday.