Brazil to Perform Initial Oil Exploration Bid

Brazil will hold an initial auction of its oil exploration acreage in October.

Oil Prices Move Lower

The current price of oil moved lower before the release of the economic data from China and the U.S.

Drivers Seeing Cheapest Gasoline Prices Today Since 2008

Drivers in the U.S. are currently looking at cheaper prices of gasoline since 2008.

Oil Prices Fall Close to $96

The price of oil fell to nearly $96 after U.S. crude supply report and China’s inflation data.

Venezuela to Revoke Contracts of Underperforming Oil Firms

Venezuela’s oil minister urge partner oil firms to boost oil production but warns of contract revocation if desired levels are not achieved.

Current Oil Price Declines on Employment Data

The current price of oil declines as excitement over last week’s strong employment report in the U.S. fades.