Oil

Oil prices are on the rise, which is driving up prices at the pump. But if we're in a recession and demand is weak, why aren't prices falling? Jill Barshay explains.

Phillip Walker, senior editor with the Economist Intelligence Unit, talks with Bill Radke about issues in developing relations between the U.S. and African oil producers.

Legislation in Nigeria to overhaul energy may lead to higher tax rates for oil companies that operate in the Niger Delta. Sarah Gardner reports.

The Commodity Futures Trading Commission may impose trading limits on energy markets, particularly crude oil, natural gas and other products of finite supply, in an effort to curb financial speculators from driving prices higher like they have in the past. Sarah Gardner reports.

European oil company BP reported second-quarter earnings were down by more than 50 percent compared to last year. But analysts say it could easily have been worse. Stephen Beard looks into why these are being considered decent numbers.

Fluctuating gas prices haven't caused too much change in the way we view energy. But if gas prices rise to $6, $10, or $12 per gallon, author Chris Steiner says the effects would change everything from the way we drive to how we shop.

Oil prices dipped below $60 a barrel today, and some forecasters predict that gasoline prices will likely fall below $2.50 a gallon by the end of July. Bob Moon reports.

Oil is down from last week, but still a lot higher than it's been in recent months. That jump in price has had a lot to do with speculators. Bob Moon examines the role speculators plays in influencing oil prices.

The price of oil has fallen in European trading this morning for the fifth day in a row. Doubts about demand for fuel could be the main factor. Stephen Beard reports what investors are concerned about now.

Oil companies are cautiously gearing up to tap Kurdistan's massive oil fields. But they could hit some roadblocks from the country's high-level corruption, which is commonplace. Reese Erlich reports