NEW YORK --- Crude oil climbed more than $2 a barrel today on signs that the Organization of Petroleum Exporting Countries may cut output to stop a 50-percent drop in prices since July, Bloomberg reported.
NEW YORK, N.Y. --- Fleet managers, brace yourselves for more pain at the pump. Though retail gas prices fell more than a cent over the weekend, oil futures on Monday rose to a record of over $120 a barrel.
NEW YORK --- Retail gas prices reached another new milestone Monday, April 21, averaging $3.50 a gallon, according to AAA and the Oil Price Information Service.
NEW YORK --- The price of crude oil for March delivery rose to $100.01 a barrel in New York, buoyed by expectations that OPEC will opt to cut production when it meets March 5.
The following is a condensed version of Netschert's lengthy and informative address on fuel at the NAFA convention.
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