Oilgame

Crude oil and gasoline prices once again topped $70 a barrel after the U.S. government's assurance that the subprime crises will not push economy in the recession. While trading, light, sweet crude for October delivery mounts $1.26 to $71.09 a...

Oil prices slashed below US$62 a barrel in Asian trading amid weak crude demand, as light sweet crude for June delivery dropped 26 cents to US$61.67 a barrel in electronic trading on the New York Mercantile Exchange in Singapore. Market of...

China, the world fastest growing economy, imported an average of 3.22 million barrels of crude oil per day, total 13.69 million tons in January, to meet its demands. As global crude oil prices hit 19-month low to 50 dollar per barrel. The 3.5...