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Oil prices post a big 1-day drop | Philadelphia Inquirer | 2011-08-05If oil holds at these lower levels, it could be felt within days at gas pumps across America. Fred Rozell, retail pricing director at Oil Price Information Service, said the recent slide in oil could cut 20 to 35 cents from a gallon of regular-grade ... read more
Apache posts a profit gain as the crude flows
Apache Corp. said Thursday that its second-quarter earnings spiked 40 percent because of higher oil prices and record output after several acquisitions last year. Net income rose to $1.2 billion, $3.17 per share, from $860 million, ... read more
Economic Jitters Offer Relief in Gas Prices
The national average for oil prices has been climbing for several weeks, albeit quite slowly, but recent reports have caused concern that the economy isn't as healthy as was thought. After a debt ceiling agreement was negotiated last ... read more
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