In an effort to cut its holdings of the U.S. dollar, Iran has asked Japanese refiners to begin using the yen to pay for imported crude oil.
A Special Investment Report: With Crude Oil Prices Still At the Base of a Five-Year Climb, Turn Pain Into Profit
The soaring prices of crude oil and gasoline are just part of a broad-based worldwide boom in commodities that is being driven by the full-fledged economic emergence of China, India and some other key global markets.
Oil Prices Skyrocketing: Gasoline is Likely Next
By Jason Simpkins Violence in Nigeria and concerns that U.S. refiners are struggling to produce enough gasoline helped crude oil prices rise again last week, moving the price of this key commodity closer to its all-time high of $78.65. And now some analysts are predicting that $80 a barrel crude oil is well within reach. [...]
The One Time it's Good to Be Crude
Gasoline prices have fallen sharply in recent weeks and are now about 23 cents a gallon below an all-time record high set in May. But crude oil prices steamed their way to a 10-month high on Monday.
Venezuela Says "Adios" to Most Foreign Investment, Making it a Stay-Away Play for Investors
By unilaterally stripping away the Venezuelan oil holdings of both Exxon Mobil Corp. and ConocoPhillips, Venezuela President Hugo Chavez has essentially bid adios to future investments by foreign corporations.
Alternative Energy: How Oil's Unpredictability Is Driving Investment In Renewable Fuel Sources
Investors had feared that the Nigerian Oil Strike would be a long work outage, causing overblown oil prices instead of spiking energy prices.