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Crude oil futures slipped toward $73 a barrel after OPEC, as expected, maintained current oil-production levels. Of course, that should mean a cut—the cartel really wants members to start complying with their output quotas, both in the WSJ
Crude oil futures rose above $71 a barrel after China set new refining records and announced a big increase in November oil imports, Bloomberg reports .
Senators John Kerry, Lindsey Graham, and Joe Lieberman outlined the very bare framework of their compromise climate bill, an effort to jumpstart the Senate’s stalled legislation on energy and global warming. Details are sketchy: The compromise legislation aims for a 17% reduction in U.S. emissions over the “near term,” which Sen
Crude oil futures rose toward $80 a barrel after signs of strong growth in China and thanks to a weaker dollar, Bloomberg reports . More trouble for the already-battered climate bill in the Senate, from the WaPo : “‘I don’t see any climate bill on the table right now that I can support,’ said [Sen. Richard] Lugar, one of the half-dozen Republicans that Democrats are courting on the issue.
Crude oil futures stayed below $46 a barrel after a wave of “soggy” economic indicators in the U.S. indicate continued weak demand, Bloomberg reports .
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