posted by
morgan
1509 days ago
in USD, Oil, GDP
Oil prices rose to near $53 a barrel Monday as investors sought to ride the momentum from a two-month rally in crude prices on expectations that the U.S. recession may be bottoming out.
posted by
Lacy
1509 days ago
in Oil
Oil prices fell below $51 a barrel on Monday as stock markets sputtered, erasing early gains on expectations that rich nations' efforts to stimulate their economies may help end the global downturn sooner than expected.
posted by
camac
1509 days ago
in USD, Oil
Oil fell for a second day in New York as U.S. equity futures declined on speculation that bank loan losses will increase.
posted by
milkyway
1509 days ago
in Oil
Oil prices rose to near $53 a barrel Monday as investors sought to ride the momentum from a two-month rally in crude prices on expectations that the U.S. recession may be bottoming out.
posted by
strawberry
1510 days ago
in Special, Oil
With hindsight, it is hard to deny that the price rose too high in July 2008, and that this miscalculation was influenced in part by the flow of investment dollars into commodity futures contracts.
posted by
annie
1511 days ago
in USD, Oil, Employment
Oil prices dipped Friday after the government reported that the nation's unemployment rate rose to the highest rate since late 1983.
posted by
erzon
1512 days ago
in USD, Gold, Oil
Commodity prices held steady this week as the G20 summit stoked hopes of an economic upturn and rising demand for raw materials but gold fell as world leaders agreed to sell reserves to help fund IMF lending.
posted by
Jmario
1512 days ago
in Oil
Oil prices have ended the week mixed as a weak US jobs report highlighted the poor state of the recession-hit American economy, dampening optimism from a Group of 20 summit pledge to boost global activity.
posted by
sassy
1512 days ago
in USD, Oil
Six months ago this oil town in Western Pennsylvania was booming. You couldn't find a worker to paint a house, let alone man a drill rig. The nearby oil fields buzzed with activity as high prices drove a production frenzy.
posted by
eddie
1512 days ago
in Oil
Energy stocks shrugged off a dismal-as-expected increase in the U.S. unemployment rate to 8.5% on Friday.
posted by
edzy
1512 days ago
in Oil
Oil futures edged lower Friday, but remained on track for a strong week of gains, after news that another 663,000 jobs were lost in March somewhat curbed the previous session's optimism about a U.S. and a global economic recovery.
posted by
hinata
1512 days ago
in GBP, Oil
Oil prices fell slightly on profit-taking following a strong rally a day earlier caused partly by hopes of improved energy demand thanks to G20 efforts to kick-start the global economy.