The price of oil quickly dropped from nearly $95 a barrel to roughly $90 after the International Energy Agency announced plans to release 60 million barrels of oil — including 30 million barrels from U.S. reserves — into the world market over the next month. Read More
Oil prices have been on the rise recently, with supply worries from the unrest in the Middle East pushing prices past $106 a barrel this morning, the highest in two years. Americans are feeling the sting of an average $3.50 a gallon price at the pump, with prices as high as $5 a gallon in some areas such as L.A. Read More
