104 Oil

Oil Jumps on Surprise Supply Drop

AP | JOHN WILEN | Posted 03.28.2008 | Business


NEW YORK — Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 after the government reported a surprise drop in crud...

OPEC Unlikely to Raise Output

AP | WILLIAM J. KOLE | Posted 03.28.2008 | Business


VIENNA, Austria — OPEC has virtually ruled out pumping more oil to ease record-high prices, key oil ministers signaled Tuesday on the eve of a c...