Energy

New York -- Crude oil prices closed in on $83 per barrel Wednesday after a sharp run-up boosted by the U.S. Federal Reserve's interest rate decision.

Washington -- U.S. crude oil inventories rose by 1 million barrels in the week ending March 12, the U.S. Energy Information Administration said Wednesday.

Houston -- The ConocoPhillips Co. and Pennsylvania State University say they have opened the 2010 ConocoPhillips Energy Prize competition.

New York -- Crude oil prices rebounded Tuesday, topping $82 per barrel after the Federal Reserve elected to keep interest rates at historic lows.

Madison -- U.S. scientists say they have created a simple and cost-effective technology that uses small amounts of waste energy to turn water into usable hydrogen fuel.

Amid rising concerns that China's possible credit tightening policy might curb energy demand, and pressured by strengthening of the dollar, oil prices on Monday fell nearly 2 percent below $80 a barrel.

New York -- Crude oil prices fell in early afternoon trading Monday, dropping below $80 per barrel on the New York Mercantile Exchange.

Safat -- Kuwaiti scientists say they have calculated the world's conventional crude oil production will peak in 2014 -- nearly a decade earlier than predicted.

China National Offshore Oil Corporation (CNOOC) announced Sunday that it is proposing to form joint venture with Argentina oil and gas company Bridas Energy Holdings Ltd.

New York -- Crude oil prices settled at less than $82 per barrel on the New York Mercantile Exchange Friday after hitting a peak last reached two months ago.