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Oil-Price Surge Fuels Global Investing Binge

Producers' deep pockets evident in Abu Dhabi's Citigroup outlay

By Jim O'Neill, Newser User

Posted Nov 28, 2007 2:18 PM CST

(Newser) – Petrodollars have fueled an investing binge in companies ranging from chipmaker AMD to private-equity giant Carlyle Group to Citigroup. And, with nearly $5 billion in oil revenue gushing weekly into Persian Gulf nations, the spree won’t likely slow, the New York Times reports. “... Read full story »

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Oil-Price Surge Fuels Global Investing Binge

Producers' deep pockets evident in Abu Dhabi's Citigroup outlay

oil • OPEC • Dubai • Abu Dhabi • oil price • crude oil • petrodollar

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All Eyes on OPEC for Oil Price Relief

Saudis expected to boost output as prices close in on $100

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A weakening dollar and falling inventories of oil are pushing crude prices up

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Speculation is driving oil up, and that's a concern for consumers, economists

Oil Tops $99 as Dollar Sinks

Weak greenback and strong demand could send crude over $100 a barrel today

US Crude Eases Below $96

Oil prices drop as Saudi Arabia says OPEC will discuss hiking output

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