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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: oil prices

oil prices stories: 126 news summaries

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MARKETS

 Dow Flips on T-Notes, Adds 104 


May 28, 09 3:14 PM CDT
(Newser) - A well-received auction of Treasury notes and a jump in the price of crude oil pushed markets up today, the Wall Street Journal reports. “There was some real fear coming into this,” a strategist said of yesterday’s worries about government debt. “Clear-cut case of sell on... More »

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stock market • NASDAQ • New York Stock Exchange • Dow Jones • Treasury Department • S&P 500 • oil prices • Treasury note

MARKETS

 Fed's Fears Push Dow Off 53 


May 20, 09 3:11 PM CDT
(Newser) - Markets fell today after the Federal Reserve warned of a more prolonged recession than it previously expected, the Wall Street Journal reports. Financials and tech contributed to the plunge, which even a 6-month high in oil prices could not stop. “We’re just dealing with a stock market that... More »

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stock market • NASDAQ • New York Stock Exchange • Federal Reserve • Dow Jones • recession • financial sector • S&P 500 • oil prices

MARKET Open

 Stocks, Oil Head Higher 


May 20, 09 8:44 AM CDT
(Newser) - Stocks headed higher at today's open as rallying commodity prices gave traders hope about the economy. The Dow rose 65 points, while the Nasdaq rose 0.8% and the S&P 1%. Oil prices topped $60 a barrel, sending Exxon and Chevron slightly higher. Bank of America, meanwhile, rose 6%... More »

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stock market • Bank of America • Dow Jones • Nasdaq • Target • S&P 500 • oil prices

MARKETS

 Oil, Banks Steal 63 From Dow 


May 15, 09 3:13 PM CDT
(Newser) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,... More »

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stock market • NASDAQ • Bank of America • New York Stock Exchange • Dow Jones • General Motors • Pfizer • financial sector • S&P 500 • Wal-Mart • oil prices

MARKETS

 Drugs, Oil Push Dow Up 50 


May 12, 09 3:15 PM CDT
(Newser) - Financials dipped today as firms continued stock sell-offs to finance TARP repayments, but strong performance by drug and energy companies stabilized the market, the Wall Street Journal reports. Merck and Pfizer were up as much as 2% and 6%, respectively; oil got a boost from $60 barrels. The Dow was... More »

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NASDAQ • Merck • New York Stock Exchange • Dow Jones • General Motors • Pfizer • financial markets • S&P 500 • oil prices • Jay-ZTV

Exxon Mobil Profits Plunge 58% on Low Oil Prices

Low year-over-year pump prices, oil demand drive revenue down

Apr 30, 09 7:57 AM CDT
(AP) - Exxon Mobil’s first-quarter profit fell 58% from the previous year to $4.6 billion—its lowest profit in more than 5 years—as the world's largest publicly traded oil company, along with the rest of the industry, saw gas prices deflate dramatically. This time last year crude was in... More »

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oil • earnings reports • gas prices • Exxon Mobil • oil prices

Chavez Rounding Up
Top Political Foes

Is president tightening grip as oil prices drop?

Apr 3, 09 7:36 AM CDT
(Newser) - The Venezuelan government arrested opposition figure Raúl Baduel yesterday, the second such move in recent weeks, the Wall Street Journal reports. Baduel, a former defense minister and ally of President Hugo Chavez, helped restore the president to power after a coup in 2002, but he helped rally opposition to... More »

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Venezuela • arrest • political prisoner • Hugo Chávez • Raul Baduel • oil prices

With Oil Supplies Dropping, Look for Prices to Soar Again

Firms are delaying projects; millions of barrels a day face 'risk'

Mar 27, 09 8:01 AM CDT
(Newser) - A tough economy and falling prices have hit oil firms hard, forcing them to cut back capital spending and delay projects. So when demand again increases, supply could be short, the Wall Street Journal reports, driving prices back up. Slowing investment could hamper future supply growth by some 8 million... More »

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oil production • oil supply • oil prices • oil demand

(Newser) - It doesn't pay to drill, baby, drill anymore. Falling world prices have brought an end to the boom in domestic drilling for oil and natural gas, the New York Times reports. Last summer, 2,400 gas and oil rigs were deployed in the hunt for energy. Today, that figure is... More »

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recession • gas prices • natural gas • oil drilling • oil prices • domestic oil production • lay-offs

 Oil Slips Below $35 a Barrel 

Prices drop almost 8%; stocks down early on Wall Street

Feb 17, 09 11:47 AM CST
(AP) - A new batch of lousy economic news dragged oil prices down nearly 8% today as signs from across the globe pointed to a prolonged and painful recession. Light, sweet crude for March delivery fell $2.87 to $34.64 a barrel on the New York Mercantile Exchange after settling at... More »

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stock market • Wall Street • global market • crude oil • economic stimulus package • oil prices

(AP) - Sarah Palin's first two years as Alaska's governor were a time of milk, honey, and crude, with sky-high oil prices pumping wealth into the state. The second half of her term isn't looking so rosy. The rapid decline of oil prices has left the state with a looming budget shortfall... More »

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oil • Alaska • governor • Sarah Palin • budget shortfall • oil prices • Election 2012

Russia Loses Half of Its Billionaires

Market woes, weak ruble have chipped away at fortunes

Feb 16, 09 10:00 AM CST
(Newser) - The 10 wealthiest Russians have lost two-thirds of their fortunes in the past year, AP reports, based on the magazine Finans' annual list of billionaires. The ranks of billionaires have been cut in half, from 101 to just 49. Last year's richest Russian, Oleg Deripaska, has fallen to eighth on... More »

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Russia • currency exchange • billionaire • wealthy men • metal prices • oil prices


 Oil Prices Plunge, 
 Gas Not So Much 

Refineries slashed production after demand for gas dipped

Feb 16, 09 6:33 AM CST
(Newser) - Gas is pumping toward $2 per gallon—a 22% increase since Dec. 30—even though oil prices have dipped 16% over the same period. What gives? When penny-pinched Americans cut back on fuel last fall, oil refineries were slow to ease production. Now they're overcompensating with production cuts to recover... More »

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recession • gas prices • oil refineries • fuel costs • oil prices

OPINION

 For Chavez, the End Is Near 

Referendum will keep him in power, but Venezuelan economy makes it 'irrelevant'

Feb 14, 09 4:04 PM CST
(Newser) - Hugo Chavez has a slight lead in tomorrow’s referendum that would allow him to extend his rule in Venezuela, but the realities of the country’s economy make the issue “mostly irrelevant,” Edward Schumacher-Matos writes in the Washington Post. No matter the outcome, his days are... More »

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Venezuela • socialism • dictatorship • President • Hugo Chávez • referendum • oil prices • coup d'etat

MARKETS

 Dow Ends Bad Week Down 82 

Energy firms see gains on oil rally

Feb 13, 09 3:23 PM CST
(Newser) - Stocks fell today after treading water for most of the session, the Wall Street Journal reports. Financials fell, but a rise in energy stocks spurred by a $3.53 gain in the price of oil buoyed indices somewhat. The House passage of the stimulus plan seemed to have little effect... More »

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Dow Jones • energy industry • Nasdaq • economic stimulus package • S&P 500 • financial stocks • oil prices


 Exxon Breaks Own 
 Profit Record 
 With $45B Haul 

The oil behemoth shattered the annual profit record despite slow fourth quarter

Jan 30, 09 8:13 AM CST
(AP) - Buoyed by last year's spike in crude prices, Exxon Mobil Corp. today reported a profit of $45.2 billion for 2008, breaking its own record for a US company, even as its fourth-quarter earnings fell 33%  from a year ago. The previous record for annual profit was $40.6 billion,... More »

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United States • earnings reports • corporate earnings • Exxon Mobil • oil prices • oil demand

(Newser) - A New York University professor who predicted the current economic crisis warns that losses at US banks could climb to $3.6 trillion, leaving the whole system essentially bankrupt, Bloomberg reports. Economist Nouriel Roubini argues that since the system has a base capitalization of just $1.4 trillion, if losses... More »

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bankruptcy • credit crisis • financial sector • writedowns • losses • oil prices • banking industry • insolvent

Pickens, Facing Headwinds, Pushes Energy Plan in DC

Falling oil prices, stock market have taken alternative-energy push along for ride

Jan 13, 09 8:27 AM CST
(Newser) - Billionaire T. Boone Pickens is in Washington today to push lawmakers to breathe new life into his scheme for weaning America off foreign oil—which has suffered setbacks in recent months, the Wall Street Journal reports, not least of which are the energy and stock markets. A $100 decline in... More »

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Nancy Pelosi • credit crisis • natural gas • T. Boone Pickens • wind power • energy independence • oil prices

 Fat Cat Exxon Primed to Deal 

Behemoth stood still when oil hit record highs, now has $40B for buying spree

Jan 12, 09 10:22 AM CST
(Newser) - Flush with cash after resisting costly acquisitions while oil prices hit record highs, Exxon Mobil could be ready for a shopping spree that could alter the face of the world’s energy supply, reports the Wall Street Journal. The company has nearly $37 billion in reserves and could target another... More »

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Brazil • mergers and acquisitions • Royal Dutch Shell • oil companies • Rex Tillerson • Exxon Mobil • Big Oil • oil prices

MARKET Open

 Stocks Edge Down 
 Ahead of Earnings 

Dow off 50 in early trading; first reports due late today

Jan 12, 09 9:04 AM CST
(Newser) - Stocks moved lower at today’s open as traders held their collective breath ahead of what’s expected to be a dismal earning season, the Wall Street Journal reports. The Dow was down 50 points recently, to 8,548, while the S&P and Nasdaq dipped 0.95% and 0.... More »

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stock market • Citigroup • Alcoa • Morgan Stanley • Nasdaq • corporate earnings • Dow • S&P 500 • Smith Barney • oil prices • Abbott Laboratories

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