World oil market chronology from

Back in 2008, the price of a barrel of oil rose to $133, and prices at the pump topped $4 per gallon. As the economy slowed, and demand for oil dropped, the price did as well. However, the cost of oil has risen to just over $90 a barrel, as confidence in the economic recovery […]

Oil prices rose above $61 a barrel in Asian trading this morning, recouping some losses after tumbling 17 percent last week. But gasoline reserves in the U.S. are growing. The BBC’s Mark Gregory helps The Takeaway analyze the turbulent oil market.

In an unusual turn, oil prices have dropped $10.58 over two days, a result of falling fuel demand, a rising consumer price index and signs of easing geopolitical tensions, including a historic meeting between U.S. and Iranian officials in Switzerland. Guest: Jad Mouawad, the New York Times

Oil prices jumped today to their highest levels since 2008, as markets reacted to the uncertainty in Libya. The country is a member of OPEC. Host Lisa Mullins talk to Steve Levine of Foreign Policy magazine about the effect the crisis has on oil.