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Oil down 5 percent, gasoline drop briefly halts U.S. trade

Oil prices tumbled nearly 5 percent on Wednesday, as easing supply concerns sent gasoline into a tailspin that briefly forced trading on the New York Mercantile Exchange to stop.

 

Upward Tick in Gas Prices May Be Coming to an End

After rising nearly every day for the past two months and climbing 67 percent so far this year, it looks like gasoline prices may be ready to take a break.

 

Oil Rises to 7-Month High, Gasoline Surges, on Goldman Forecast

Crude oil rose to a seven-month high and gasoline surged after Goldman Sachs Group Inc. said prices may reach $85 by the end of the year as demand recovers and supplies shrink.

 

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