Friday, May 6, 2011

Crude oil prices - news and pictures

News

Oil prices plummet nearly 9 percent–will gas follow?
After months of steadily rising commodities price, that had helped send gas prices soaring to nearly $4 a gallon, crude oil plummeted nearly 9 percent yesterday. So what's going on--and with the Memorial Day kickoff to the summer driving season just a ... read more

NYMEX-Crude slips, extending slide while awaiting data
On the New York Mercantile Exchange, June crude CLM1 fell $1.57, or 1.6 percent, to $98.23 a barrel by 8:14 am EDT (1214 GMT), trading from $94.63 to $100.95. * Goldman Sachs, which in April predicted this week's major correction in oil prices, ... read more

Sunoco blames high oil prices for wider 1Q loss
On the retail side, the company said it wasn't able to fully pass higher crude oil prices on to consumers in the form of higher gasoline prices. The net loss was $101 million, or 84 cents per share, compared with a loss of $63 million, ... read more

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