02/12/2008
-- Crude market lacks direction Crude futures prices fluctuated sharply within a $5/bbl range in a directionless market in early February, with traders torn between fears of an economic recession and potential threats to oil supplies.
02/04/2008
-- Mid-East demand up as OPEC holds output As expected, OPEC ministers made no production changes at their Feb. 1 meeting in Vienna, despite pressure from the US and other large consuming countries to increase output.
01/28/2008
-- Government action revitalizes markets Fears of recession and unauthorized trading at an international French bank battered equity markets, forcing government action that caused US energy prices to rebound in late January.
01/21/2008
-- Crude futures price closes at 5-week low The February crude contract fell 71¢ to $90.13/bbl Jan. 17 on the New York Mercantile Exchange—its lowest closing in 5 weeks.
01/07/2008
-- Oil finally tops $100/bbl For the first time ever, a front-month crude contract hit $100/bbl Jan. 2 before closing at $99.62/bbl in the initial trading session of 2008 on the New York Mercantile Exchange.
