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Light, sweet crude for January delivery fell 91 cents to settle at 43.60 U.S. dollars a barrel on the New York Mercantile Exchange. Crude oil tumbled Tuesday as the U.S. Federal Reserve interest rate cut revived investors’ concern about slumping demand during the economic recession.
The Fed decided Tuesday to cut its target for overnight [...]
Oil prices ricochet back from four-year lows and shot above $43 a barrel Monday as OPEC hovered the possibility of a “severe” production cut and several countries announced new measures to enhance their economies.
Chakib Khelil, president of the Organization of the Petroleum Exporting Countries, said Saturday that the association could announce a “severe” reduction of [...]
If you ask farmers in Iowa about the fluctuating oil prices, they will tell you that it is related to corn. Yep, corn! The thing of it is that about the time corn producers get going so that it pays to turn corn into ethanol, then oil prices drop so low that producing fuel from [...]
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