Oil Industry Leader Sends Message to Congress

American Petroleum Institute President Jack Gerard sent a letter to members of Congress Friday.  Below is the text of that letter with helpful links added (by me): "Dear Member of Congress: As the Congress...

Oil prices dip below $62 despite OPEC production cutbacks

Oil prices hit a record low for the year, dipping below $62US per barrel before rebounding slightly to close at just over $63US.  OPEC had announced cutbacks to crude output but this appeared to have little...