oil prices – News Stories About oil prices - Page 5

Iran Seizes 5 British Yacht Crew Members

Nov 30, 2009 2:12 PM CST

Iran Seizes 5 British Yacht Crew Members

Vessel nabbed en route from Bahrain to race in Dubai

(Newser) - Iran is holding five British sailors after stopping their racing yacht in the Persian Gulf, the British government said today. The yacht, owned by Sail Bahrain, was stopped on its way from the tiny island country to Dubai on Wednesday when it "may have strayed inadvertently into Iranian waters,...

Dow Rises 41 Points

MARKETS

Oct 15, 2009 3:16 PM CDT

Dow Rises 41 Points

Traders pessimistic about Google, IBM earnings

(Newser) - A rally in crude oil lifted shares of energy firms and saved stocks from a tech-driven slump. Oil rose $2.40 to $77.55 a barrel, boosting the likes of Chevron and Exxon. Google and IBM both saw losses as traders bet against the firms ahead of their third-quarter earnings...

Dow Down 22;
Stocks Gain for Week

MARKETS

Sep 11, 2009 3:25 PM CDT

Dow Down 22; Stocks Gain for Week

Crude oil tumbles $2.65

(Newser) - Stocks pulled back today after hitting their 2009 peaks in yesterday's session, the Wall Street Journal reports. Despite modest declines, transportation stocks—considered the first to benefit in a recovery—remained strong, with FedEx up 6.43%. Crude tumbled $2.65 to $69.20 a barrel. The Dow lost 22....

Dow Up 56 on Oil, Gold

MARKETS

Sep 8, 2009 3:21 PM CDT

Dow Up 56 on Oil, Gold

Energy firms rise as oil adds $3.08

(Newser) - Stocks posted solid gains today as commodity prices rose, the Wall Street Journal reports. Oil jumped $3.08 to $71.28 a barrel and gold crossed the $1,000-an-ounce mark. Commodity-producing stocks Exxon, Chevron, and Alcoa all saw gains as a result. The Dow added 56 points to close at...

Biofuel Boom Runs Out of Gas

Aug 27, 2009 12:49 PM CDT

Biofuel Boom Runs Out of Gas

(Newser) - Once considered a win-win for the environment and energy independence, America’s biofuel industry is sputtering to a halt, the Wall Street Journal reports. Thanks to the recession, lower oil prices, and government delays, two-thirds of American biodiesel refineries—dozens of plants—are idle, and companies across the country are...

Dow Up 30 After Rosy Data

MARKETS

Aug 25, 2009 3:21 PM CDT

Dow Up 30 After Rosy Data

(Newser) - Stocks closed with modest advances on strong economic data and a drop in oil prices, the Wall Street Journal reports. Advances in second-quarter home prices and a boost in July consumer confidence propelled stock indices to new 2009 highs shortly after the open, but oil’s $2.32 drop moderated...

Dow Up 61 After Shaky Day

MARKETS

Aug 19, 2009 3:10 PM CDT

Dow Up 61 After Shaky Day

(Newser) - Markets ended higher today after a dismal start, buoyed by an ascendant energy sector, the Wall Street Journal reports. The seesaw comes as no surprise to one strategist: “This market is highly vulnerable to get pushed around right now. That’s a factor of light volume.” The Dow,...

Dow Cools, Still Rises 34

MARKETS

Aug 4, 2009 3:17 PM CDT

Dow Cools, Still Rises 34

(Newser) - Yesterday’s rally segued into a regular day today as markets remained mostly flat on mixed economic data, the Wall Street Journal reports. Home sales were up, but incomes down, and an expected report on rising US oil reserves hurt energy stocks. “It's a day of consolidation after we've...

Dow Up 115 on Manufacturing

MARKETS

Aug 3, 2009 3:11 PM CDT

Dow Up 115 on Manufacturing

Oil hits $71.2 a barrel, highest price in a month

(Newser) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,...

Dow Slips 26 as Oil Prices Fall

MARKETS

Jul 29, 2009 3:13 PM CDT

Dow Slips 26 as Oil Prices Fall

(Newser) - Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and...

Dow Falls 35 on Energy Fears

MARKETS

Jul 22, 2009 3:13 PM CDT

Dow Falls 35 on Energy Fears

(Newser) - Markets were off today as falling oil prices put the press on the energy sector and Wall Street took a stern look at the recent rally, the Wall Street Journal reports. Though tech stocks surged, bringing NASDAQ up, oil prices were off and health care concerns tumbled. The financial sector...

Energy Falters; Dow Off 37

MARKETS

Jul 10, 2009 3:18 PM CDT

Energy Falters; Dow Off 37

A profit warning from Chevron highlights problems in the energy sector

(Newser) - The major stock indices finished mixed today, with the Dow trending down after Chevron issued a profit warning, the Wall Street Journal reports. Chevron was down 2.7% on news that a weak dollar and poor profits at refineries will cut into its second-quarter earnings. Exxon also fell 1.3%....

Dow Falls 161 in Broad Sell-Off

MARKETS

Jul 7, 2009 3:19 PM CDT

Dow Falls 161 in Broad Sell-Off

Investors unwind bets ahead of 2nd-quarter earnings kickoff

(Newser) - Investors turned pessimistic ahead of the start of the second-quarter earnings season, initiating a broad sell-off that depressed the major indices, the Wall Street Journal reports. Oil fell another $1.12 to 62.43 a barrel, pushing energy stocks lower; the S&P 500’s energy sector was off 2....

Feds Consider Limits on
Oil, Energy Speculation

Jul 7, 2009 2:54 PM CDT

Feds Consider Limits on Oil, Energy Speculation

Commodity Commission to hold hearings on 'purely financial' energy futures trading

(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some...

Dow Climbs 44; Oil Prices Fall

MARKETS

Jul 6, 2009 3:13 PM CDT

Dow Climbs 44; Oil Prices Fall

Investors await the arrival of 2nd-quarter earnings

(Newser) - Continued declines in oil and other commodities depressed equities today, but broad advances in health-care stocks offset them, the Wall Street Journal reports. Oil fell $1.58 to $64.08 a barrel and has dropped 8.4% since July 1. Many traders are holding off on big bets until the...

Rogue Trader Shocks
Oil Market

Jul 3, 2009 7:20 AM CDT

Rogue Trader Shocks Oil Market

Crude hits highest level in a year on unauthorized trades

(Newser) - On Tuesday, the price of oil spiked unexpectedly to its highest level in 2009—a barrel of crude jumped from $71 to $73.50 in just one hour, for no apparent reason. Yesterday the reason became clear: a rogue broker in London with PVM, the world's largest petroleum brokerage, had...

Oil Prices Rise; Dow Up 91

MARKETS

Jun 29, 2009 3:15 PM CDT

Oil Prices Rise; Dow Up 91

Low-volume session sees modest advances in energy, financials

(Newser) - Stocks enjoyed modest gains today as a jump in oil prices lifted energy firms, the Wall Street Journal reports. Crude futures rose $2.33, to $71.49 a barrel; Exxon shares gained 2.39%. Financials also saw advances, led by Sallie Mae, which jumped 8.2% on new government terms...

Wallop Iran
Where It Hurts:
Oil Revenues

OPINION

Jun 24, 2009 7:58 AM CDT

Wallop Iran Where It Hurts: Oil Revenues

Two 'green' revolutions could bring down regime: Friedman

(Newser) - Pundits and politicians are wasting their time telling Barack Obama what he should be saying about the growing "green revolution" in Iran, writes Thomas L. Friedman. The country's reformers and protesters don't need American encouragement; they need a weakened theocracy—which will only happen when oil prices go into...

Stocks Sink
on World Bank Report

MARKET Open

Jun 22, 2009 9:04 AM CDT

Stocks Sink on World Bank Report

(Newser) - Stocks tumbled this morning after the release of a grim forecast by the World Bank. The Dow tumbled about 100 points, while the Nasdaq and S&P each dropped 1.6%. The World Bank predicted the economy would shrink 2.9% this year, a big downward revision from its previous...

Obama Plan Puts Dow Off 7

MARKETS

Jun 17, 2009 3:11 PM CDT

Obama Plan Puts Dow Off 7

(Newser) - Markets were mixed today as a perky health-care sector was held in check by poor performance in energy stocks and wariness over President Obama’s financial regulatory plan, the Wall Street Journal reports. Oil and commodities prices slipped as investors seemed to gird for a continued lull in consumer activity....