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Tag Archives: U.S. oil production

US stocks are little changed in early trade; oil price rises

NEW YORK — U.S. stocks are wavering between small gains and losses Thursday morning following a sharp sell-off the day before. The price of oil is climbing for the third consecutive day as key oil-producing nations discuss cuts in production. Strong earnings are propelling Facebook and Under Armor higher. KEEPING SCORE: The Dow Jones industrial average was off 22 points, ...

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AAA fuels hopes of $1.99 gasoline

AAA predicts that gasoline prices might fall below two dollars per gallon

Within weeks, the national price of a gallon of gasoline will fall below $2 for the first time since 2009, AAA predicts. Barack Obama’s first term as president was in its infancy the last time gasoline prices were under $2, Balloon Boy had captured the attention of the nation and Michael Jackson was alive. It was also the year in ...

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Green investors take note: climate-focused mutual funds dabble in oil

BOSTON – Several of the world’s biggest climate-focused mutual funds have stakes in traditional oil and gas companies mixed in with their solar, wind and clean tech holdings, a potential shock to green investors seeking to avoid fossil fuels altogether. Six of the 20 biggest funds that mention “climate change” or “global warming” in their titles or marketing materials have ...

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Oil rises on Middle East tensions, weaker U.S. dollar

LONDON – Oil prices rose three percent on Tuesday as tensions in the Middle East escalated following the downing of a Russian fighter jet near the Syrian-Turkish border, and a weaker dollar provided an incentive for investors to buy more oil. Brent futures for January were trading at a near two-week high of $46.23 a barrel at 1420 GMT, a ...

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