Economy / Tags / Oil

ECONOMY Sat Sep 6, 2008 @ 3:00pm neoform

biz.yahoo.com -- NEW YORK (AP) -- Copper prices sank Friday, finishing the week down 8.5 percent, as oil prices dipped and the Labor Department reported a massive spike in the unemployment rate. Copper, an industrial metal, has been weakening along with oil on the prospe.. Read More

ECONOMY Fri Sep 5, 2008 @ 3:01pm neoform

biz.yahoo.com -- The Labor Day week was a tough one in the stock market. Markets being closed on Monday, opened Tuesday to an oil sell off due to Hurricane Gustav failing to cause much damage to the energy infrastructure on the Gulf Coast. This positive news weighed heavi.. Read More

ECONOMY Thu Sep 4, 2008 @ 3:00pm neoform

biz.yahoo.com -- NEW YORK (AP) -- Conventional wisdom had long held that some industries would collapse if oil topped $100 a barrel. As oil neared $150, sending costs higher for everything from jet fuel to plastic jars, the question was how many companies would succumb... Read More

ECONOMY Thu Sep 4, 2008 @ 9:00am neoform

biz.yahoo.com -- NEW YORK (AP) -- Wall Street headed for a lower open Thursday after a government report showed that unemployment spiked unexpectedly last week and oil prices advanced for the first time this week. The Labor Department reported that new applications for u.. Read More

ECONOMY Wed Sep 3, 2008 @ 9:03am neoform

biz.yahoo.com -- LONDON (Reuters) - Oil fell below $109 a barrel on Wednesday, weighed down by slowing demand in the United States and other consuming nations and signs the U.S. oil sector would recover quickly from Hurricane Gustav. U.S. crude traded down $1.44 to $108.. Read More

ECONOMY Tue Sep 2, 2008 @ 6:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- Treasury prices moved higher Tuesday as stocks and commodities prices fell and investors turned to government debt. Oil prices slid to finish below $110 a barrel after Hurricane Gustav struck the Gulf Coast at weaker speeds than expected.. Read More

ECONOMY Tue Sep 2, 2008 @ 3:01pm neoform

biz.yahoo.com -- Bonds rose Tuesday as inflationary concerns eased on the back of a strengthening U.S. dollar. Two economic reports showing weakness in U.S. manufacturing and construction activity also drove investors to government bonds, viewed as safe havens in times o.. Read More

ECONOMY Tue Sep 2, 2008 @ 9:01am neoform

biz.yahoo.com -- Stocks were poised to rally Tuesday as the dollar strengthened and oil prices tumbled as Hurricane Gustav appeared to cause less damage than expected along the Gulf Coast. About one hour before the market open, Nasdaq and S&P futures continued to climb h.. Read More

ECONOMY Mon Sep 1, 2008 @ 3:01pm neoform

biz.yahoo.com -- NEW YORK (Reuters) - Wall Street is set for another volatile week after the Labor Day holiday, as investors track Hurricane Gustav, the price of oil, key economic data and continued fallout from the credit crisis. Gustav initially came roaring into the.. Read More

ECONOMY Mon Sep 1, 2008 @ 3:00pm neoform

biz.yahoo.com -- HOUSTON (Reuters) - Energy companies waited anxiously on Monday as Hurricane Gustav lurched across the nation's largest concentration of oil platforms and refineries in the biggest threat to fuel supplies since 2005. Nearly all of the oil and gas produc.. Read More

ECONOMY Sun Aug 31, 2008 @ 3:01pm neoform

biz.yahoo.com -- NEW YORK (Reuters) - Wall Street is set for another volatile week after the Labor Day holiday, as investors track Hurricane Gustav, the price of oil, key economic data and continued fallout from the credit crisis. Gustav is expected to hit the U.S. Gulf.. Read More

ECONOMY Sat Aug 30, 2008 @ 9:00am neoform

biz.yahoo.com -- NEW YORK (Reuters) - Wall Street is set for another volatile week after the Labor Day holiday, as investors track the price of oil, key economic data and continued fallout from the credit crisis. All eyes will be on Hurricane Gustav and its potential to.. Read More

ECONOMY Wed Aug 27, 2008 @ 6:00pm neoform

biz.yahoo.com -- NEW YORK (AP) -- Most commodities prices advanced Wednesday, lifted by the rising price of oil as traders eyed the trajectory of Tropical Storm Gustav. The storm, though downgraded from hurricane status, appeared headed for the Gulf of Mexico, where key.. Read More

ECONOMY Tue Aug 26, 2008 @ 3:03pm neoform

biz.yahoo.com -- Oil prices pushed higher Tuesday as Hurricane Gustav threatened the oil infrastructure in the Gulf of Mexico, but gains were tempered by a stronger U.S. dollar. Prices whipsawed in a $5-a-barrel range, tumbling nearly $3 earlier in the session before ste.. Read More

ECONOMY Tue Aug 26, 2008 @ 9:03am neoform

biz.yahoo.com -- NEW YORK (Reuters) - Stock index futures turned lower on Tuesday, with Wall Street now looking set to add to Monday's drop, as the price of oil cut its earlier losses. Oil, which had earlier fallen more than $2 a barrel, was down just 50 cents. Credit.. Read More

ECONOMY Mon Aug 25, 2008 @ 9:01am neoform

biz.yahoo.com -- NEW YORK (Reuters) - Stocks index futures edged lower on Monday after Friday's sharp gains as the price of oil rebounded and credit concerns nagged. Lehman Brothers (NYSE:LEH - News) shares fell about 10 percent in European trading after a top regulator.. Read More

ECONOMY Fri Aug 22, 2008 @ 6:01pm neoform

biz.yahoo.com -- LOUISVILLE, Ky. (AP) -- Kentucky's attorney general has issued civil subpoenas to Marathon Oil Co., as he explores a possible lawsuit against the petroleum giant. Also, several Kentucky officials have asked the Federal Trade Commission and the U.S. Depar.. Read More

ECONOMY Fri Aug 22, 2008 @ 3:01pm neoform

biz.yahoo.com -- LONDON (AP) -- Denial of parole for a jailed Russian oil tycoon and tension between Russia and the West over Moscow's military clash with Georgia are giving global investors increasing reasons to worry whether the country is the right place to be. The re.. Read More

ECONOMY Fri Aug 22, 2008 @ 3:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- A day after jumping as the price of oil spiked, shares of Peabody Energy Corp. declined on Friday as crude reversed course and wiped out about half of those gains. Peabody shares rose $3.78 on Thursday as worries about Russian hostilitie.. Read More

ECONOMY Fri Aug 22, 2008 @ 12:02pm neoform

biz.yahoo.com -- The market's up one day and down the next. Oil rises and oil falls. The dollar strengthens and then it weakens. This has been a topsy-turvy market for the past few weeks. And it seems that the only thing traders can agree is that the sluggish economy is.. Read More