oil prices – News Stories About oil prices - Page 10

Oil Dips Below $100
for First Time in 5 Months

Sep 12, 2008 1:23 PM CDT

Oil Dips Below $100 for First Time in 5 Months

(Newser) - The price of crude oil slid briefly under $100 a barrel today for the first time in 5 months, Reuters reports. The development came even as Hurricane Ike bore down on the Texas coast and its many refineries; investors apparently think the slowing world economy will continue to drive down...

Medvedev Urges Calm in Russian Market Crisis

Sep 11, 2008 4:40 PM CDT

Medvedev Urges Calm in Russian Market Crisis

With stocks off big, bank chief warns of lack of liquidity

(Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as...

Late Reversal Leads to Gains

MARKETS

Sep 11, 2008 3:39 PM CDT

Late Reversal Leads to Gains

Off big early on Lehman, worries, Dow finishes session up 164.79

(Newser) - The markets saw gains late in the day today despite large losses in the financial sector, MarketWatch reports. Lehman Brothers fell another 41.9% as traders deemed its survival plan ineffective. But falling oil boosted industrial and transport shares, and the Dow closed up 164.79 at 11,43371. The...

Industrial Firms Lead Recovery

MARKETS

Sep 10, 2008 3:42 PM CDT

Industrial Firms Lead Recovery

(Newser) - Stocks rebounded from yesterday's miserable day to close with mild gains, MarketWatch reports. Energy and industrial firms did well after yesterday's huge sell-off, but concerns about Lehman Brothers continued to weigh on the financial sector. The Dow closed up 38.19 points at 11,268.92, the Nasdaq rose 18....

OPEC Cuts Oil Production

Sep 10, 2008 2:23 AM CDT

OPEC Cuts Oil Production

Bid to halt price slide after summer high

(Newser) - The international oil cartel OPEC announced today it's reducing production by more than half a million barrels a day, the Financial Times reports. The decision by the cartel, which controls 40% of world oil production, stunned most analysts. The move comes as oil prices, after spiking to an all-time high...

Stocks Reverse; Dow Down 280

MARKETS

Sep 9, 2008 3:16 PM CDT

Stocks Reverse; Dow Down 280

Lehman Bros., housing weigh on investor sentiment

(Newser) - After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close...

Palin's Fiscal Claims a Fraud

OPINION

Sep 9, 2008 9:59 AM CDT

Palin's Fiscal Claims a Fraud

Alaska shamelessly sucks money from Lower 48, behaves like OPEC: Kinsley

(Newser) - Maybe Sarah Palin is better than all the rest of us because she's a small-town hockey mom, Michael Kinsley writes in Time, but “spare us, please, any talk about how she is a tough fiscal conservative.” Palin’s state ranks first in the nation in taxes and spending...

Stocks Mixed; Down For Week

MARKETS

Sep 5, 2008 3:26 PM CDT

Stocks Mixed; Down For Week

Sliding oil again fails to move markets worried over unemployment

(Newser) - Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the...

Jobs, Sales Send Stocks Diving

MARKETS

Sep 4, 2008 3:34 PM CDT

Jobs, Sales Send Stocks Diving

Dow off 344 as investors grow more worried about economy's health

(Newser) - The markets plummeted today amid poor jobs data and mixed retail sales, MarketWatch reports. Falling oil futures again failed to stimulate stocks as energy increasingly looks like a victim, not a perpetrator, of the economic slump. The Dow fell 344.65 to close at 11,188.23. The Nasdaq lost...

Feds Think Bad Data May Feed Oil Spikes

Sep 4, 2008 10:01 AM CDT

Feds Think Bad Data May Feed Oil Spikes

Broad market probe focuses on price-fixing weak spots

(Newser) - Commodity regulators, worried that some companies are manipulating crude oil prices by reporting false numbers on supplies and sales, are conducting a wide-ranging probe focused on energy traders, the Wall Street Journal reports. Sources say a big worry is that firms are falsely reporting oil inventories to create the perception...

Stocks Send Mixed Messages

MARKETS

Sep 3, 2008 3:36 PM CDT

Stocks Send Mixed Messages

Falling oil prices have lost their ability to spur gains in equities

(Newser) - The markets saw mixed gains today as investors weighed falling oil, mildly positive manufacturing news and another big drop in domestic auto sales, the Wall Street Journal reports. The Dow closed up 15.96 at 11,532.88. The Nasdaq added 15.51 to close at 2,333.73, and...

Oil Prices Drop for 4th Day
on Minimal Gustav Damage

Sep 3, 2008 9:07 AM CDT

Oil Prices Drop for 4th Day on Minimal Gustav Damage

Slowing demand drops crude to $108

(Newser) - Oil prices dipped to just above $108 a barrel today after Hurricane Gustav left oil installations in the Gulf of Mexico largely undamaged. By midday in Europe, light, sweet crude for October delivery was down $1.50 on the New York Mercantile Exchange as the dollar continued to strengthen and...

Rally Fizzles Despite Oil's Drop

MARKETS

Sep 2, 2008 3:13 PM CDT

Rally Fizzles Despite Oil's Drop

Traders becoming more focused on economic strength than fuel

(Newser) - An early rally faded today and the markets closed with mild losses, the Wall Street Journal reports. Oil fell $5.75 as Gulf Coast oil-production facilities appeared to have emerged mostly unscathed from Hurricane Gustav, but the news failed to give equities lasting momentum. The Dow closed down 26.63,...

Oil Down Sharply
as Gustav Weakens

Sep 1, 2008 5:32 PM CDT

Oil Down Sharply as Gustav Weakens

With crude at $111 a barrel, analysts surprised at market's tame reaction to threat

(Newser) - Oil prices tumbled to $111 a barrel today as Hurricane Gustav weakened along the Gulf Coast, posing less of a threat than forecast to oil drilling and refining operations. A stronger dollar also contributed to the average retail gas price being down slightly at $3.686 a gallon, the AP...

Oil Prices Jump $1 as Gustav Shuts Down Gulf Operations

Sep 1, 2008 4:35 AM CDT

Oil Prices Jump $1 as Gustav Shuts Down Gulf Operations

Investors react to storm threat

(Newser) - Hurricane Gustav helped boost oil prices today by more than $1 a barrel as energy companies shut down production facilities in the storm's path, reports Reuters. US crude rose $1.54 to $117 per barrel this morning, after briefly surging to over $118 when NYMEX opened for electronic trading hours...

Durable Goods Key Solid Gains

MARKETS

Aug 27, 2008 3:28 PM CDT

Durable Goods Key Solid Gains

Oil ticks up on Gustav fears, but markets barely flinch

(Newser) - Stocks gained today as the markets embraced a positive report on durable goods and discounted a rise in oil as merely a short-term threat posed by Tropical Storm Gustav, MarketWatch reports. The Dow climbed 89.64 to 11,502.51, the Nasdaq gained 20.49 to close at 2,382....

Stocks Flat on Mixed News

MARKETS

Aug 26, 2008 3:26 PM CDT

Stocks Flat on Mixed News

Convention, vacations mean trading volume stays light

(Newser) - Stocks were mixed amid mostly poor economic data today, the Wall Street Journal reports. With trading light and much attention focused on the Democrats’ economic plans, the Dow gained 26.62 to close at 11,412.87. The Nasdaq fell 3.62, closing at 2,361.97, while the S&...

Drilling Boom Sends Natural Gas Supplies Soaring

Aug 25, 2008 7:55 AM CDT

Drilling Boom Sends Natural Gas Supplies Soaring

Boom raises hope for cheaper prices as reserves expand

(Newser) - The US is ramping up natural gas production in a manner not seen since the post-World War II boom—scoring a nearly 9% increase through the first five months of 2008, reports the New York Times. The drilling boom comes as new technology is able to release gas long believed...

Lower Oil, Inflation Rally Stocks

MARKETS

Aug 22, 2008 3:36 PM CDT

Lower Oil, Inflation Rally Stocks

Fed chief soothes markets; Lehman may have a buyer

(Newser) - Stocks rallied today amid light trading but still saw weekly losses as oil prices fell and financials rebounded, helped in part by a speech by Ben Bernanke that eased inflation fears, MarketWatch reports. The Dow surged 197.85 to 11,628.06; the Nasdaq gained 34.33, closing at 2,...

Stocks Mixed as Oil Surges

MARKETS

Aug 21, 2008 3:22 PM CDT

Stocks Mixed as Oil Surges

Georgian conflict raises supply fears; analysts downgrade financials

(Newser) - Stocks saw mixed results today as the Dow and S&P 500 managed to claw back from early losses due to surging oil and a weak dollar, the Wall Street Journal reports. The Dow closed up 12.78 at 11,430.21; the Nasdaq fell 8.70 to 2,380....