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NEW YORK (AP) -- Shares of Jacobs Engineering Group Inc. advanced on Thursday after a Morgan Joseph analyst upgraded the stock to "Buy," saying the heavy construction and engineering firm is poised to benefit from more business in the lucrative oil and ga..
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NEW YORK (CNNMoney.com) -- Crude prices surged Thursday to a new trading record near $146 a barrel as..
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NEW YORK (AP) -- Oil prices briefly soared to a new high near $146 a barrel Thursday, extending the previous day's record-shattering rally before easing somewhat as the dollar gained ground against the euro.
Americans hitting the road for the July Fourth..
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NEW YORK (AP) -- Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores.
The Institute for Supply Management said Thursday that the services secto..
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56 minutes ago LONDON (AFP) - US Treasury Secretary Henry Paulson said here on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars.
"I think there is a very strong po..
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By Matt Falloon and David Lawder 1 hour, 50 minutes ago LONDON (Reuters) - A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin specters of rising inflation and slowing growth, U.S. Treasury Secre..
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WASHINGTON (AP) -- Orders to U.S. factories turned in the slowest performance in three months in May as a surge in demand for commercial aircraft was not enough to offset weakness in autos, heavy machinery and steel.
Factory orders rose by 0.6 percent in..
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Wed Jul 2, 11:02 AM ET LONDON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown, while Europe and the UK were al..
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TETON VILLAGE, Wyo. (AP) -- Alberta's top official defended his province's development of crude from Canada's massive oil sands Tuesday as environmentalist complaints trailed him to the Western Governors' Association meeting in Wyoming.
Premier Ed Stelma..
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Oil prices rose to a new intraday record Wednesday as traders mostly looked past a mixed inventory report to focus on continued political and currency issues.
Light, sweet crude for August delivery was up $2.64 to $143.61 a barrel on the New York Mercant..
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DENVER, July 2 /PRNewswire/ -- EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy inve..
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OKLAHOMA CITY (AP) -- Natural gas and oil producer Chesapeake Energy Corp. said Tuesday it entered into a joint venture with oil and gas company Plains Exploration & Production Co. to sell a part of its leasehold in natural gas deposit Haynesville Shale...
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Tue Jul 1, 6:36 AM ET LONDON (AFP) - Europe's main markets slumped on Tuesday, the start of the third quarter, as oil prices jumped back toward record highs, fuelling worries about rising inflation.
London's FTSE 100 index of leading shares was down by..
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By Ikuko Kao 48 minutes ago LONDON (Reuters) - Oil rose by nearly $3 on Tuesday after the International Energy Agency revived concerns about long-term supply shortages and tension between Israel and Iran raised fears about possible outages in the much n..
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