Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy– at least just yet. That has a ripple effect on commodities like oil.

The Federal Reserve will continue its Operation Twist program, but it can't do much else to help the global economic downturn caused by financial strain in Europe. On the plus side? We get lower gas prices.

If you've been to a gas station recently, you know that prices are down — on average, about 20 cents lower per gallon than a month ago. That's in part because the price of oil is at an eight-month low.

Kerr-McGee, a subsidiary of the giant oil and gas company Anadarko, is being sued for $25 billion in New York City. The company's long history and pedigree resemble a script from the old and recently resurrected TV series "Dallas."

Cars are as American as apple pie, but with the rising price of oil, more Americans are opting for other oil-free means of transportation.

Gas prices may be a bit of bright spot in a dark and stormy world economy.

With the price of oil below $90 a barrel, some are beginning to wonder at what point does it become unprofitable to drill.

Scotland has been a part of the United Kingdom for the past 300 years, but many Scots think it's a bad deal. Scotland is home to most of the U.K.'s oil and gas production in the North Sea.

Supporters of cutting Scotland loose from the rest of the United Kingdom kicked off their independence campaign today. A key part of the U.K.'s wealth is the oil under the North Sea, which would become Scottish territory.

The top nuclear official at the United Nations said today that a deal has been reached with Iran to allow the U.N.’s investigation into Iran’s nuclear program to continue. So what does this mean for the price of oil, which spiked earlier this year because of tensions with Iran?