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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: oil prices

oil prices stories: 126 news summaries

1 - 20 of 126 Stories | 1 2 3 4 5 ... 7 Next >>

MARKETS

 Dow Rises 41 Points 

Traders pessimistic about Google, IBM earnings

(Newser) - A rally in crude oil lifted shares of energy firms and saved stocks from a tech-driven slump. Oil rose $2.40 to $77.55 a barrel, boosting the likes of Chevron and Exxon. Google and IBM both saw losses as traders bet against the firms ahead of their third-quarter earnings... More »

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MARKETS
(Newser) - Stocks pulled back today after hitting their 2009 peaks in yesterday's session, the Wall Street Journal reports. Despite modest declines, transportation stocks—considered the first to benefit in a recovery—remained strong, with FedEx up 6.43%. Crude tumbled $2.65 to $69.20 a barrel. The Dow lost 22.... More »

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(Newser) - Once considered a win-win for the environment and energy independence, America’s biofuel industry is sputtering to a halt, the Wall Street Journal reports. Thanks to the recession, lower oil prices, and government delays, two-thirds of American biodiesel refineries—dozens of plants—are idle, and companies across the country are... More »

MARKETS
(Newser) - Stocks closed with modest advances on strong economic data and a drop in oil prices, the Wall Street Journal reports. Advances in second-quarter home prices and a boost in July consumer confidence propelled stock indices to new 2009 highs shortly after the open, but oil’s $2.32 drop moderated... More »

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MARKETS
(Newser) - Markets ended higher today after a dismal start, buoyed by an ascendant energy sector, the Wall Street Journal reports. The seesaw comes as no surprise to one strategist: “This market is highly vulnerable to get pushed around right now. That’s a factor of light volume.” The Dow,... More »

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MARKETS
(Newser) - Yesterday’s rally segued into a regular day today as markets remained mostly flat on mixed economic data, the Wall Street Journal reports. Home sales were up, but incomes down, and an expected report on rising US oil reserves hurt energy stocks. “It's a day of consolidation after... More »

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MARKETS

 Dow Up 115 on Manufacturing 

Oil hits $71.2 a barrel, highest price in a month

(Newser) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,... More »

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MARKETS
(Newser) - Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and... More »

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MARKETS
(Newser) - Markets were off today as falling oil prices put the press on the energy sector and Wall Street took a stern look at the recent rally, the Wall Street Journal reports. Though tech stocks surged, bringing NASDAQ up, oil prices were off and health care concerns tumbled. The financial... More »

MARKETS

 Energy Falters; Dow Off 37 

A profit warning from Chevron highlights problems in the energy sector

(Newser) - The major stock indices finished mixed today, with the Dow trending down after Chevron issued a profit warning, the Wall Street Journal reports. Chevron was down 2.7% on news that a weak dollar and poor profits at refineries will cut into its second-quarter earnings. Exxon also fell 1.3%.... More »

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MARKETS

 Dow Falls 161 in Broad Sell-Off 

Investors unwind bets ahead of 2nd-quarter earnings kickoff

(Newser) - Investors turned pessimistic ahead of the start of the second-quarter earnings season, initiating a broad sell-off that depressed the major indices, the Wall Street Journal reports. Oil fell another $1.12 to 62.43 a barrel, pushing energy stocks lower; the S&P 500’s energy sector was off 2.... More »

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 Feds Consider Limits on 
 Oil, Energy Speculation 

Commodity Commission to hold hearings on 'purely financial' energy futures trading

(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some... More »

MARKETS

 Dow Climbs 44; Oil Prices Fall 

Investors await the arrival of 2nd-quarter earnings

(Newser) - Continued declines in oil and other commodities depressed equities today, but broad advances in health-care stocks offset them, the Wall Street Journal reports. Oil fell $1.58 to $64.08 a barrel and has dropped 8.4% since July 1. Many traders are holding off on big bets until the... More »

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MARKETS

 Oil Prices Rise; Dow Up 91 

Low-volume session sees modest advances in energy, financials

(Newser) - Stocks enjoyed modest gains today as a jump in oil prices lifted energy firms, the Wall Street Journal reports. Crude futures rose $2.33, to $71.49 a barrel; Exxon shares gained 2.39%. Financials also saw advances, led by Sallie Mae, which jumped 8.2% on new government terms... More »

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MARKET Open
(Newser) - Stocks tumbled this morning after the release of a grim forecast by the World Bank. The Dow tumbled about 100 points, while the Nasdaq and S&P each dropped 1.6%. The World Bank predicted the economy would shrink 2.9% this year, a big downward revision from its previous... More »

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MARKETS
(Newser) - Markets were mixed today as a perky health-care sector was held in check by poor performance in energy stocks and wariness over President Obama’s financial regulatory plan, the Wall Street Journal reports. Oil and commodities prices slipped as investors seemed to gird for a continued lull in consumer activity.... More »

Market Open
(Newser) - Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71... More »

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MARKETS
(Newser) - Markets edged up today on good unemployment claims and productivity data, the Wall Street Journal reports. But traders appear to be holding out for tomorrow’s employment report, and the rising price of oil continues to worry. “We have to hope it doesn't go to $80,” one... More »

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MARKETS
(Newser) - Reports of greater-than-expected US oil reserves sent crude prices and markets tumbling today, the Wall Street Journal notes. The manufacturing sector fell, and the Dow’s energy component was off 4.1%. “People are looking at the inventory report today as a really good chance to take some money... More »

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MARKETS
(Newser) - Markets tacked on solid gains today, with the Dow and S&P 500 up for a third consecutive month, the Wall Street Journal reports. Oil was up to a 6-month-high, as were transport stocks on hopes of orders. “There are signs things are being transported,” a manager said.... More »

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