Modi to Abe Favor Oil Bears as Plunge Aids Asian Economies

Prime Minister Narendra Modi has oil to thank for helping an economic revival in India. Whether his luck holds depends on a meeting in Vienna tomorrow.

Iraq Oil Explorers Evacuate More Staff After Islamist Surge

Oil explorers in Kurdistan halted operations and evacuated more staff as Islamist militants advanced into northern Iraq.

Energy markets receive crude awakening

Crude oil prices gained sharply last week, hitting a one-month high after U.S. Energy Information Administration statistics showed a quick drawdown in supplies.

Gasoline at U.S. Pumps Drops to Lowest for Season in Three Years

Retail gasoline prices in the U.S. dropped to the lowest for this season in three years after crude futures capped the biggest weekly drop in six months.

Brent oil rises on risk outlook, Spain auction

LONDON (Reuters) - Brent crude oil gained on Thursday, bouncing from a two-month low set the previous session, as a Spanish bond auction attracted strong investor demand, alleviating some concerns about the health of the euro zone economy.

Oil above $103 amid signs China economy improving

SINGAPORE (AP) — Oil prices rose slightly above $103 a barrel Monday in Asia amid signs China's economic growth remains strong.

The oil market is warming up

The global economy remains vulnerable to steep rise in crude oil prices, which would raise business costs and hammer consumers.

Ireland's first oil well to yield 4,000 barrels per day

An Irish company says it has found the Republic's first viable oil well.

Iran oil ministry denies ending exports to EU states

Iran's oil ministry has denied state media reports saying it had stopped oil exports to six European countries in retaliation for the EU's oil embargo.

Gas prices may get close to $5 in some spots

NEW YORK (CNNMoney) -- The new year has greeted Americans with the highest January gas prices ever, and some analysts say prices could get close to $5 a gallon in some areas during the warm-weather driving season.