Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 6, 2008 12:47:27 AM CDT

Learn about Newser Points »

News Sections

Newser Specials

Stories related to: oil prices

Stories

Stories 1 - 20 of 37

1 2 Next >>

September 2008
- Stocks Mixed; Down For Week
  
  MarketWatch | Sep 5, 08 3:26 PM CDT
  
  (Newser) - Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the S&P 500 rose 5.48, settling at 1,242.31. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • Merrill Lynch • Goldman Sachs • unemployment • oil prices • SanDisk
- Jobs, Sales Send Stocks Diving
  
  MarketWatch | Sep 4, 08 3:34 PM CDT
  
  (Newser) - The markets plummeted today amid poor jobs data and mixed retail sales, MarketWatch reports. Falling oil futures again failed to stimulate stocks as energy increasingly looks like a victim, not a perpetrator, of the economic slump. The Dow fell 344.65 to close at 11,188.23. The Nasdaq lost 74.69, closing at 2,259.04, and the S&P 500 shed 42.15, settling at 1,232.83. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • unemployment • retail • oil prices • bear market
- Feds Think Bad Data May Feed Oil Spikes
  
  Wall Street Journal | Sep 4, 08 10:01 AM CDT
  
  (Newser) - Commodity regulators, worried that some companies are manipulating crude oil prices by reporting false numbers on supplies and sales, are conducting a wide-ranging probe focused on energy traders, the Wall Street Journal reports. Sources say a big worry is that firms are falsely reporting oil inventories to create the perception that oil is scarce and drive prices higher. More »
  
  Tags
  
  gas prices • oil • oil prices • price fixing • Commodity Futures Trading Commission
- Stocks Send Mixed Messages
  
  Wall Street Journal | Sep 3, 08 3:36 PM CDT
  
  (Newser) - The markets saw mixed gains today as investors weighed falling oil, mildly positive manufacturing news and another big drop in domestic auto sales, the Wall Street Journal reports. The Dow closed up 15.96 at 11,532.88. The Nasdaq added 15.51 to close at 2,333.73, and the S&P 500 fell 2.59 to 1,274.98. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • General Motors • Ford • oil prices • Commerce Department
- Oil Prices Drop for 4th Day on Minimal Gustav Damage
  
  Associated Press | Sep 3, 08 9:07 AM CDT
  
  (AP) - Oil prices dipped to just above $108 a barrel today after Hurricane Gustav left oil installations in the Gulf of Mexico largely undamaged. By midday in Europe, light, sweet crude for October delivery was down $1.50 on the New York Mercantile Exchange as the dollar continued to strengthen and attention shifted to slowing global demand for crude. At one point yesterday, it fell as low as $105.46, its lowest level since April. More »
  
  Tags
  
  crude oil • Hurricane Gustav • oil prices • commodities
- Rally Fizzles Despite Oil's Drop
  
  Wall Street Journal | Sep 2, 08 3:13 PM CDT
  
  (Newser) - An early rally faded today and the markets closed with mild losses, the Wall Street Journal reports. Oil fell $5.75 as Gulf Coast oil-production facilities appeared to have emerged mostly unscathed from Hurricane Gustav, but the news failed to give equities lasting momentum. The Dow closed down 26.63, at 11,516.92. The Nasdaq fell 18.28, to 2,349.24, while the S&P 500 lost 5.27 to settle at 1,277.56. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • Hurricane Gustav • oil prices • exports • US exports
- Oil Down Sharply as Gustav Weakens
  
  Associated Press | Sep 1, 08 5:32 PM CDT
  
  (AP) - Oil prices tumbled to $111 a barrel today as Hurricane Gustav weakened along the Gulf Coast, posing less of a threat than forecast to oil drilling and refining operations. A stronger dollar also contributed to the average retail gas price being down slightly at $3.686 a gallon, the AP reports. It was feared last week that pump prices would soar because of the hurricane. More »
  
  Tags
  
  Hurricane Gustav • oil prices • oil refineries • Gulf Coast • Exxon Mobil
- Oil Prices Jump $1 as Gustav Shuts Down Gulf Operations
  
  Reuters | Sep 1, 08 4:35 AM CDT
  
  (Newser) - Hurricane Gustav helped boost oil prices today by more than $1 a barrel as energy companies shut down production facilities in the storm's path, reports Reuters. US crude rose $1.54 to $117 per barrel this morning, after briefly surging to over $118 when NYMEX opened for electronic trading hours earlier than usual. More »
  
  Tags
  
  gas prices • Hurricane Gustav • oil prices • oil production • Gulf of Mexico • Gulf Coast • energy markets
August 2008
- Durable Goods Key Solid Gains
  
  MarketWatch | Aug 27, 08 3:28 PM CDT
  
  (Newser) - Stocks gained today as the markets embraced a positive report on durable goods and discounted a rise in oil as merely a short-term threat posed by Tropical Storm Gustav, MarketWatch reports. The Dow climbed 89.64 to 11,502.51, the Nasdaq gained 20.49 to close at 2,382.46, and the S&P 500 rose 10.15 to 1,281.66. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • Hurricane Gustav • oil prices • durable goods
- Stocks Flat on Mixed News
  
  Wall Street Journal | Aug 26, 08 3:26 PM CDT
  
  (Newser) - Stocks were mixed amid mostly poor economic data today, the Wall Street Journal reports. With trading light and much attention focused on the Democrats’ economic plans, the Dow gained 26.62 to close at 11,412.87. The Nasdaq fell 3.62, closing at 2,361.97, while the S&P 500 gained 4.67 points to settle at 1,271.51. More »
  
  Tags
  
  Federal Reserve • S&P 500 • Nasdaq • Democratic National Convention • Dow Jones Industrial Average • oil prices • consumer confidence
- Drilling Boom Sends Natural Gas Supplies Soaring
  
  New York Times | Aug 25, 08 7:55 AM CDT
  
  (Newser) - The US is ramping up natural gas production in a manner not seen since the post-World War II boom—scoring a nearly 9% increase through the first five months of 2008, reports the New York Times . The drilling boom comes as new technology is able to release gas long believed to be out of reach, sparking hopes that growing domestic supplies will help keep heating costs down and American industries competitive. More »
  
  Tags
  
  global warming • oil prices • natural gas • fossil fuel
- Lower Oil, Inflation Rally Stocks
  
  MarketWatch | Aug 22, 08 3:36 PM CDT
  
  (Newser) - Stocks rallied today amid light trading but still saw weekly losses as oil prices fell and financials rebounded, helped in part by a speech by Ben Bernanke that eased inflation fears, MarketWatch reports. The Dow surged 197.85 to 11,628.06; the Nasdaq gained 34.33, closing at 2,414.71; and the S&P 500 climbed 14.47 to 1,292.19. More »
  
  Tags
  
  Federal Reserve • S&P 500 • Nasdaq • Dow Jones Industrial Average • Ben Bernanke • inflation • Lehman Brothers • oil prices • financial stocks
- Stocks Mixed as Oil Surges
  
  Wall Street Journal | Aug 21, 08 3:22 PM CDT
  
  (Newser) - Stocks saw mixed results today as the Dow and S&P 500 managed to claw back from early losses due to surging oil and a weak dollar, the Wall Street Journal reports. The Dow closed up 12.78 at 11,430.21; the Nasdaq fell 8.70 to 2,380.38, while the S&P 500 gained 3.18 to finish at 1,277.72. More »
  
  Tags
  
  S&P 500 • Nasdaq • Georgia • Dow Jones Industrial Average • Fannie Mae • Freddie Mac • Lehman Brothers • oil prices • commodities
- Small Cadre of Speculators Control Oil
  
  Washington Post | Aug 21, 08 10:48 AM CDT
  
  (Newser) - A surprisingly small group of investors and oil traders control the vast majority of the world’s oil contracts, and they are exerting tremendous influence over the market, reports the Washington Post. Regulators have found that a few financial firms speculating for themselves or their clients hold 81% of the oil contracts on NYMEX—a far bigger share than had been previously reported. A single Swiss firm was found to hold as much as 11% of the contracts in July. More »
  
  Tags
  
  oil • oil prices • John Dingell • speculators • NYMEX
- Wholesale Prices Rising at Fastest Pace Since 1981
  
  Associated Press | Aug 19, 08 10:25 AM CDT
  
  (AP) - Wholesale prices jumped 1.2% in July—more than twice the rate economists expected and the fastest pace in 27 years, according to government data released today, the AP reports. Core prices, which exclude food and energy, rose 0.7%, the biggest since November 2006; new home construction in July fell to the lowest pace in more than 17 years. More »
  
  Tags
  
  gas prices • economy • inflation • oil prices • consumer prices • energy costs • wholesale prices
- Stocks Mixed; Commodities Fall
  
  MarketWatch | Aug 15, 08 3:43 PM CDT
  
  (Newser) - The markets ended mixed today as commodities fell across the board, leaving traders unsure of the larger ramifications for the economy, MarketWatch reports. The Dow gained 43.97 points to close at 11,659.90, the Nasdaq slid 1.15 points to 2,452,52, and the S&P 500 climbed 5.27 points to 1,298.20. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • oil prices • commodities • gold
- Financials Lead More Losses
  
  MarketWatch | Aug 13, 08 3:30 PM CDT
  
  (Newser) - The markets saw losses today as anxiety about financial firms persisted and oil rose nearly $3 to $116 a barrel, MarketWatch reports. The Dow was hit especially hard, falling 109.51 points to 11,532.96. The other indices made afternoon gains but fell back, with the Nasdaq closing down 1.99 points at 2,428.62, and the S&P off 3.76 points at 1,285.83. More »
  
  Tags
  
  S&P 500 • Nasdaq • credit crisis • Dow Jones Industrial Average • retail • oil prices • financial stocks
- As Oil Costs Bubble, Alternative Heating Gets Hot
  
  Wall Street Journal | Aug 13, 08 9:35 AM CDT
  
  (Newser) - Northeasterners expecting the price of heating oil to hit $4.35 a gallon are creating an avalanche of new business for heating and cooling contractors as they increasingly look to convert from oil heat to natural gas, reports the Wall Street Journal . A conversion to natural gas heat can cost up to $8,000, but can pay for itself in 4 to 6 years—and contractors are reporting months-long backlogs. More »
  
  Tags
  
  oil prices • natural gas • energy prices • alternative fuels • heating oil
- Financials Lead Broad Slump
  
  MarketWatch | Aug 12, 08 3:30 PM CDT
  
  (Newser) - Stocks fell today as waves of bad news from the financial sector battered investor sentiment, MarketWatch reports. Equities lost value despite a $1.44 drop in the price of oil, reversing what has recently been a consistent inverse relationship. The Dow fell 139.88 to 11,642.47, the Nasdaq 9.34 to 2,430.61, and the S&P 500 15.73 to 1,289.59. More »
  
  Tags
  
  S&P 500 • Nasdaq • Dow Jones Industrial Average • JPMorgan Chase • oil prices • UBS • Wachovia • auction-rate securities
- Small Dips in Gas Prices Send Drivers Back to SUVs
  
  Los Angeles Times | Aug 12, 08 2:04 PM CDT
  
  (Newser) - Oil prices have been falling since mid-June, and though it’s debatable whether speculators or market fundamentals drove the boom (and now possible bust), it is clear that $4 a gallon gas crimped demand. But for how long? With prices now again below that psychological threshold but still $1.19 more than a year ago, auto industry data suggest that even mild relief could reverse the trend toward fuel efficiency, the LA Times reports. More »
  
  Tags
  
  gas prices • oil price • gas • hybrid car • oil prices • fuel efficiency • electric cars • SUV

Stories 1 - 20 of 37

1 2 Next >>

Today's Most Popular

Today's Stories
All Stories
Threads

Premium Articles from HighBeam

OPEC's Attitude on the Fallback of Oil Prices.
Sep 2, 08 | PR Newswire
News Analysis: Global oil prices surge to top agenda of G-8 summit
Jul 6, 08 | Xinhua News Agency
Oil prices drop, but gas surges past $4 gallon
Jun 10, 08 | Deseret News (Salt Lake City)
Skyrocketing Oil Prices Stump Experts
May 22, 08 | The Washington Post
Oil price rockets to $135 a barrel
May 22, 08 | Belfast Telegraph
Roundup: OPEC oil prices keep rising
May 9, 08 | Xinhua News Agency
6-year oil price rise surprises analyst
Apr 22, 08 | Rocky Mountain News (2007-Current)
6-year oil price rise surprises analyst.(Business)
Apr 22, 08 | Rocky Mountain News (Denver, CO)
Oil prices and growth.
Apr 1, 08 | National Institute Economic Review
PetroChina asks for change in oil product prices, import taxes
Mar 20, 08 | Xinhua News Agency

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.