Saudi Arabia 'concerned' about oil price: minister

Oil prices briefly soared to a new high near $146 a barrel Thursday, extending the previous day's record-shattering rally before easing somewhat as the dollar gained ground against the euro. Americans hitting the road for the July Fourth holiday ...

Voice Up

Voice Down

Flag

But Minister Ali Naimi said he was concerned about the price level and suggested Saudi Arabia is ready to raise production if the kingdom perceives that basics have changed, with supply no longer meeting demand. For now, "all our buyers are ...

Voice Up

Voice Down

Flag

Oil prices remained near record highs above $145 a barrel in Asia after Saudi Arabia's oil minister suggested his country doesn't plan to boost production. Light, sweet crude for August delivery was little changed, down 3 cents at $145.26 a barrel ...

Voice Up

Voice Down

Flag

The average price for a gallon of regular unleaded in the Kansas City area was $3.989, a jump from $3.935 on Wednesday.

Last Independence Day weekend, drivers were paying $2.95 a gallon nationally for gas. Oil prices are up more than 50 ...

Voice Up

Voice Down

Flag

Oil steadied above $145 a barrel on Friday as the United States heads into the Independence Day long weekend, pausing after the previous day's rally to a record near $146. US crude oil rose 13 cents to $145.42 a barrel by 0143 GMT, off an all-time ...

Voice Up

Voice Down

Flag

Record oil prices above $145 a barrel are being driven by speculative cash pouring into the oil market, Saudi Oil Minister Ali Al Naimi said yesterday. The oil minister of the world's biggest exporter said demand and supply were less at play in the ...

Voice Up

Voice Down

Flag

Soaring fuel costs are taking some of the celebration out of this holiday weekend. Oil prices headed into the busy July 4th break by racing past $145 a barrel for the first time Thursday. The story was no different at the gas pump, where the ...

Voice Up

Voice Down

Flag

Oil jumped to record highs above $145 a barrel on Thursday, as traders rushed to buy ahead of the long holiday weekend in the world�s top consumer to mark US Independence Day. Expectation was high that a combination of a weak US dollar, lower ...

Voice Up

Voice Down

Flag

Crude futures surged and settled above 145 U.S. dollars a barrel for the first time Thursday after a rising dollar did not ease much of the investors' concern about supplies. Light, sweet crude for August delivery rose 1.72 dollars to settle at ...

Voice Up

Voice Down

Flag

Oil rushed to record over $145 a barrel on Thursday ahead of the US Independence Day holiday, extending a rally that has added 50 percent to prices this year. Iran have pushed prices to fresh peaks over the past two weeks, with further support ...

Voice Up

Voice Down

Flag