Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.
February 23, 2011EditorialBusinessFuel
The Return of the Oil Speculators
There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.
December 13, 2010BusinessFuel
Pair in $75 Million Oil Scam to Be Sentenced in Dec.
A federal judge is scheduled next month to sentence two participants in a conspiracy by two New York City-area tank-truck firms accused of jointly skimming an estimated $75 million in heating oil from customers over a 17-year period.
November 22, 2010BusinessFuel
Oil to Reach $108 a Barrel by 2020, DOE Predicts
Rising demand will push oil prices past $108 per barrel by 2020, the Department of Energy said.
May 25, 2010