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Click to read market news stories and learn about energy information.OPEC, caught flat-footed by the Asian crisis, was in disarray.

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WTI crude oil prices fell from year-to-date highs this morning after some big news concerning a meeting of the largest oil producers in the world.Crude oil prices are the auction price for a barrel of oil at any given time.

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On Tuesday afternoon in New York, the price of West Texas Intermediate crude oil crashed further below.Number 1 Oil and Gas careers and best employment resource in the petroleum and energy industry.Summer oil demand will sorely test the resolve of OPEC cutback participants,.Commentary and archival information about oil, petroleum and gasoline from The New York Times.

Oil prices surge as Saudi Arabia and Iran sign on to a deal at OPEC. the big concerns were Chinese devaluation and the plunging oil price. Latest updates.

Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNNMoney.Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Industry.Kent delivers the latest energy news from his travels around the world in his role as a consultant for major companies and governments.In November 1997, just as oil prices were starting to sink, OPEC ministers had agreed at one.AAA Gas, AAA Mobile, AAA News, AAA NewsRoom. largely due to an abundance of domestic oil supplies.

U.S. oil tumbled 4 percent on Friday after the Saudi deputy crown prince reportedly said the kingdom will not freeze production unless Iran and other major.

Saudi Russia Fight For China Market Make Oil Price A Sham

The latest EIA weekly petroleum status report said U.S. commercial crude inventories increased by almost 2 million barrels last week.Latest News. Dow. 20,915-19.93-0.10%. oil prices rose by nearly 5% as a three-day strike in Kuwait and hopes that the oil.

Ian Bremmer. TIME may receive compensation for some links to products and services on.The market seems to be giving up on the dollar, which has helped increase oil and other economic.

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EIA cuts 2016 crude oil price forecasts in latest STEO

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Rising oil prices held down global oil consumption growth from 2005-2008, despite high economic growth 8.

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Read our daily market briefing with latest news on the oil market and our recommendation on how we think the oil prices will develop on the short term.

As global oil prices plunge to levels not seen in more than a decade — and Saudi Arabia and Iran threaten to further flood the market with cheap crude as.The latest news headlines on energy, petrochemicals and metals markets available from Platts.

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As oil prices tank, where did OPEC go wrong? |