Oil prices continued to fall from record highs this month, as fears eased Hurricane Dolly would hit oil and gas supply and US demand dwindled.

Benchmark crude oil and natural gas prices dived Tuesday as it became apparent that hurricane Dolly was unlikely to disrupt Gulf of Mexico production.

Oil prices eased in Asian trade today as it looked like Hurricane Dolly would spare vital energy production facilities in the Gulf of Mexico.

A techinician works on one of the Strategic Petroleun Reserve's wellheads in the Gulf Coast. By Joseph Romm | July 23, 2008 CAPAF's Joseph Romm testifies

Yesterday’s 135-point rally in the Dow owes a debt of thanks to Hurricane Dolly, which has tacked north of oil rigs in the Gulf, reducing the threat to US

Reports that Hurricane Dolly will miss oil installations in the Gulf of Mexico cause futures to fall. A stronger dollar and slowing demand in the US also

Oil prices have fallen again as a hurricane threatening interests in the gulf of Mexico changed course. US light sweet crude dipped to $125.63 a barrel,

(RTTNews) - US stocks were poised for a higher open Wednesday morning in New York as the price of oil dropped below $126 and traders geared up for another

By GILLIAN WONG AP Writer AP The sun peers over an American flag at a Mobil Station in Andover, Mass., Wednesday, July 16, 2008.

SINGAPORE (Reuters) - Oil prices held near a six-week low on Wednesday, as worries increased over dwindling US demand at the same time as fears eased

LONDON (Reuters) - Oil steadied on Tuesday as a tropical storm looked unlikely to harm US crude production, but analysts said it was too early to tell

SINGAPORE (AP) — Oil prices held steady near $131 a barrel Tuesday in Asia on expectations Tropical Storm Dolly won't disrupt oil operations in the Gulf of

LONDON (AFP) — Oil prices rose on Monday on news of stormy weather which could threaten energy facilities in the US Gulf of Mexico, and after fruitless

By Richard Valdmanis NEW YORK (Reuters) - Oil prices fell $4 to a six-week low on Wednesday after a US government report reinforced concerns high prices and

By: AP The 2.9 million barrel jump in gasoline stockpiles was much higher than the half-million increase analysts had expected.

Oil prices fell further on Wednesday as traders digested stronger-than-expected gasoline (petrol) reserves in the United States, the world's biggest crude

by MT Bureau - July 23, 2008 - 0 comments New York -- The price of crude oil was off by more than $2 to $126.37 a barrel Wednesday on the New York

Crude oil fell more than $3 a barrel, dropping to a six-week low, on forecasts a tropical storm in the Gulf of Mexico will miss oil installations and the