oil prices – News Stories About oil prices - Page 20

Oct 31, 2007 3:46 PM CDT

Stocks Up on Fed's Rate Cut

Exxon and Microsoft also lift the markets

(Newser) - Stocks rose today on the heels of the Fed's quarter-point cut of a key interest rate and good news about the GDP. "The Fed may be done here," a Boston strategist told Bloomberg. "We don't need them anymore, and the market is taking consolation in that."...

Exxon Gives Markets a Boost

Oct 29, 2007 3:47 PM CDT

Exxon Gives Markets a Boost

Hopes for Fed rate cut, O'Neal ouster buoy stocks

(Newser) - Stocks rose again today as Exxon Mobil rode record crude prices to its greatest gains in 3 weeks, Bloomberg reports. The Dow was up 63.56 to 13,870.26, the Nasdaq 13.25 to 2,817.44, and the S&P 500 5.70 to 1,540.98. Continuing...

With New US Sanctions, Iran Looks East

Oct 29, 2007 10:07 AM CDT

With New US Sanctions, Iran Looks East

China poised to become Tehran's biggest trading partner

(Newser) - As Iran is increasingly squeezed by new US sanctions and pressure from the UN, the country looks east for new economic alliances. China is about to overtake Germany as Iran's largest trading partner, and with oil prices skyrocketing, it looks as though Iran will be able to weather the storm...

Oil Rises to Record High, Again

Oct 29, 2007 6:28 AM CDT

Oil Rises to Record High, Again

Breaks $93 a barrel on news of Mexican storm

(Newser) - Oil prices topped $93 today, breaking another record on news that Mexican production would drop by 20% due to a storm. "This is on top of what has already been simmering,” said an analyst in Singapore. Prices have been breaking records for a week due to US-Iran tensions...

Oil Hits $92 on Iran Anxieties

Oct 26, 2007 8:49 AM CDT

Oil Hits $92 on Iran Anxieties

Analyst: "The door is open to $100"

(Newser) - The price of oil surpassed $92 a barrel on US accusations that Iran supports terrorism and its attempt to apply pressure on other countries and companies to cut ties with the Mideastern nation. "The door is open to $100," an analyst tells Bloomberg, adding that the dispute will...

Oil Prices Send Stocks Spilling

Oct 25, 2007 3:40 PM CDT

Oil Prices Send Stocks Spilling

Crude rose to $90.50 a barrel

(Newser) - Stocks headed downward again today, spurred by oil prices making a return to record territory. The price of crude hit $90.50 a barrel as traders reacted to yesterday's data predicting limited availability. "Oil is up—that doesn't help. And financials are getting hit," says one trader. The...

Oil Hits $90 a Barrel

Oct 19, 2007 6:57 AM CDT

Oil Hits $90 a Barrel

Weakening dollar and Mideast tensions bust a new record

(Newser) - After five straight days of record-breaking, oil prices smashed the $90-a-barrel mark in after-hours trading overnight, pumped up by the weakening dollar and fears that Turkish military strikes across the border in Iraq could disrupt supplies. Investors pushed the price of light, sweet crude to $90.02 before it fell...

Dollar, Oil Woes Weigh on Market

Oct 18, 2007 3:48 PM CDT

Dollar, Oil Woes Weigh on Market

Good tech news keep stocks mainly unchanged

(Newser) - Stocks mostly finished where they began today, despite the dollar hitting a record low against the euro and continued record-busting oil prices ($89.45 a barrel). Weak Bank of America profit figures started off the day badly, the Wall Street Journal reports. The Dow was down 3.58 to 13888....

A Mixed Day on Wall Street

Oct 17, 2007 3:52 PM CDT

A Mixed Day on Wall Street

Financial-sector blues and oil prices battle tech gains

(Newser) - A grim financial sector and ever-rising oil prices cancelled an encouraging tech rally during a so-so day in the markets. Yahoo and Intel reported sunny profits, but news of oil clearing the $89 mark doused the rally. The Dow finished down 20.4 to 13,892.54, the S&P...

Stocks Slide for a Second Day

Oct 16, 2007 3:39 PM CDT

Stocks Slide for a Second Day

Bernanke speech, oil prices send markets down again

(Newser) - Stocks slid today for a second consecutive session following an ambiguous speech by Ben Bernanke and record-busting oil prices that topped $88. The Fed chairman offered a so-so assessment of the markets but no clues about rate cuts. The Dow fell 71.86 to 13,912.94, the S&P...

Turkey's Threats Send Oil
to Record High Near $88

Oct 16, 2007 8:32 AM CDT

Turkey's Threats Send Oil to Record High Near $88

Many fear disruption of Kurdish pipelines

(Newser) - Crude oil hit yet another record today, trading near $88 a barrel over fears that a looming Turkish attack on Northern Iraq would disrupt pipelines in the world’s third-largest oil producer. Turkey’s PM said he expected parliament to approve an incursion to root out PKK militants in the...

Stocks Dive on Citigroup News

Oct 15, 2007 3:40 PM CDT

Stocks Dive on Citigroup News

Only energy stocks advance, with oil briefly hitting $86 a barrel

(Newser) - Stocks fell more than they had in over a month today after Citigroup reported a 57% third-quarter loss. Of the S&P's 10 industry groups, only energy advanced, with oil closing at a record $86.13 a barrel. The Dow lost 108.28 to close at 13,984.80, the...

Supply Worries Send Oil Near $80 a Barrel

Sep 12, 2007 3:38 PM CDT

Supply Worries Send Oil Near $80 a Barrel

US inventory drops, and OPEC production boost won't cover shortfall

(Newser) - Crude oil hit nearly $80 a barrel today—its highest price ever—thanks to dwindling supply. US inventories fell by 7M barrels last week, much more than the 2.7M analysts predicted. OPEC announced a production increase of only 500K barrels, which Bloomberg reports will not meet seasonal demand increases....

OPEC Surprises Market With Boost in Oil

Sep 11, 2007 8:36 PM CDT

OPEC Surprises Market With Boost in Oil

Lends hand to world economy dragged by US credit-market crisis

(Newser) - OPEC surprised traders today by boosting oil production for the first time in a year, Bloomberg reports. Concerns over the U.S. market crisis dragging down the world economy inspired the spike of 500,000 barrels a day. The US reportedly prodded Saudi Arabia to overcome the opposition of other...