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104 Oil

OPEC Unlikely to Raise Output

AP | WILLIAM J. KOLE | Posted 05.25.2011 | 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...

Oil Jumps on Surprise Supply Drop

AP | JOHN WILEN | Posted 05.25.2011 | 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...