WASHINGTON (Reuters) - U.S. highway travel fell in October by 0.5 percent from a year earlier, the first decline in five months, the U.S. Transportation Department said on Tuesday. That drop mirrors preliminary Energy Department data which shows motor fuel consumption fell 0.1 percent in October from a year ago. The decline of 1.4 billion miles ...

Oil prices leapt Monday after positive US business data fueled economic recovery optimism and fears about Dubai's debt crisis eased. New York's main contract, light sweet crude for January delivery, advanced 1.23 dollars from Friday's close to 77.28 dollars a barrel. The New York futures contract had tumbled almost two dollars Friday as markets reacted ...

WASHINGTON (Reuters) - U.S. motorists drove more miles for the fourth month in a row, which could indicate that both the economy and demand for gasoline are starting to recover, analysts said. U.S. highway travel soared 2.5 percent in September from a year ago, rising to 240.7 billion miles (387.4 billion km), the U.S. Transportation ...

The price of New York oil jumped Wednesday above 75 dollars per barrel, hitting the highest level so far this year on the back of the tumbling dollar. New York's main contract, light sweet crude for November delivery soared to a close of 75.18 dollars per barrel, a level last seen around October last year when prices were ...