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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: oil prices

oil prices stories: 126 news summaries

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 Oil Falls Below $97 
 on Mild Ike Damage 

Better than expected storm drops crude $4.39

Sep 15, 08 7:14 AM CDT
(AP) - Oil prices fell below $97 a barrel today, after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast. Light, sweet crude for October delivery declined $4.39 to $96.79 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe, after finishing... More »

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$100 a barrel oil • commodities exchange • NYMEX • oil futures • oil prices

MARKETS

 Investors Wary; Stocks Mixed 

Lehman's floundering continues to stir fear in financial sector

Sep 12, 08 3:28 PM CDT
(Newser) - The markets ended mixed today, as Lehman Brothers foundered and financial firms continued to take hits, MarketWatch reports. Weekly gains were slim, despite Sunday’s Fannie and Freddie bailout, which was supposed to calm investor fears and boost the markets. The Dow closed down 11.72 at 11,421.99.... More »

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Dow Jones • General Motors • Lehman Brothers • Nasdaq • AIG • S&P 500 • oil prices • financial crisis

(Newser) - The price of crude oil slid briefly under $100 a barrel today for the first time in 5 months, Reuters reports. The development came even as Hurricane Ike bore down on the Texas coast and its many refineries; investors apparently think the slowing world economy will continue to drive down... More »

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energy prices • crude oil • oil prices

Medvedev Urges Calm in Russian Market Crisis

With stocks off big,
bank chief warns of
lack of liquidity

Sep 11, 08 4:40 PM CDT
(Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as... More »

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Russia • stock exchange • central bank • liquidity • Dmitry Medvedev • subprime crisis • oil prices • Sergei Ignatyev • stock index • financial crisis

MARKETS

 Late Reversal Leads to Gains 

Off big early on Lehman, worries, Dow finishes session up 164.79

Sep 11, 08 3:39 PM CDT
(Newser) - The markets saw gains late in the day today despite large losses in the financial sector, MarketWatch reports. Lehman Brothers fell another 41.9% as traders deemed its survival plan ineffective. But falling oil boosted industrial and transport shares, and the Dow closed up 164.79 at 11,43371. The... More »

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Dow Jones • General Motors • Lehman Brothers • Nasdaq • Caterpillar • AIG • Washington Mutual • S&P 500 • oil prices

MARKETS

 Industrial Firms Lead Recovery 


Sep 10, 08 3:42 PM CDT
(Newser) - Stocks rebounded from yesterday's miserable day to close with mild gains, MarketWatch reports. Energy and industrial firms did well after yesterday's huge sell-off, but concerns about Lehman Brothers continued to weigh on the financial sector. The Dow closed up 38.19 points at 11,268.92, the Nasdaq rose 18.... More »

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Chevron • Dow Jones • General Motors • Nasdaq • Caterpillar • commodities • S&P 500 • oil prices

 OPEC Cuts Oil Production

Bid to halt price slide after summer high

Sep 10, 08 2:23 AM CDT
(Newser) - The international oil cartel OPEC announced today it's reducing production by more than half a million barrels a day, the Financial Times reports. The decision by the cartel, which controls 40% of world oil production, stunned most analysts. The move comes as oil prices, after spiking to an all-time high... More »

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Saudi Arabia • OPEC • Société Générale • oil prices • Hurricane Ike • Ali Naimi • Michael Wittner • Igor Sechin • financial crisis

MARKETS

 Stocks Reverse; Dow Down 280 

Lehman Bros., housing weigh on investor sentiment

Sep 9, 08 3:16 PM CDT
(Newser) - After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close... More »

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Dow Jones • home sales • American Express • Lehman Brothers • Nasdaq • AIG • financial institutions • S&P 500 • oil prices • Korea Development Bank • Hurricane Ike

OPINION

Palin's Fiscal Claims a Fraud

Alaska shamelessly sucks money from
Lower 48, behaves
like OPEC: Kinsley

Sep 9, 08 9:59 AM CDT
(Newser) - Maybe Sarah Palin is better than all the rest of us because she's a small-town hockey mom, Michael Kinsley writes in Time, but “spare us, please, any talk about how she is a tough fiscal conservative.” Palin’s state ranks first in the nation in taxes... More »

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John McCain • oil • Alaska • fiscal record • Sarah Palin • oil prices

MARKETS

 Stocks Mixed; Down For Week 

Sliding oil again fails to move markets worried over unemployment

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... More »

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Goldman Sachs • Dow Jones • Merrill Lynch • unemployment • Nasdaq • SanDisk • S&P 500 • oil prices

MARKETS

 Jobs, Sales Send Stocks Diving 

Dow off 344 as investors grow more worried about economy's health

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... More »

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retail • Dow Jones • unemployment • Nasdaq • bear market • S&P 500 • oil prices

Feds Think Bad Data May Feed Oil Spikes

Broad market probe focuses on price-fixing weak spots

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... More »

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oil • price fixing • gas prices • Commodity Futures Trading Commission • oil prices

MARKETS

 Stocks Send Mixed Messages 

Falling oil prices have lost their ability to spur gains in equities

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... More »

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Dow Jones • General Motors • Ford • Nasdaq • Department of Commerce • S&P 500 • oil prices

Oil Prices Drop for 4th Day
on Minimal Gustav Damage

Slowing demand drops crude to $108

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... More »

MORE ABOUT:
crude oil • commodities • oil prices • Hurricane Gustav

MARKETS

 Rally Fizzles Despite Oil's Drop 

Traders becoming more focused on economic strength than fuel

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,... More »

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Dow Jones • exports • Nasdaq • US exports • S&P 500 • oil prices • Hurricane Gustav

 Oil Down Sharply 
 as Gustav Weakens 

With crude at $111 a barrel, analysts surprised at market's tame reaction to threat

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... More »

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oil refineries • Gulf Coast • Exxon Mobil • oil prices • Hurricane Gustav

 Oil Prices Jump $1 as Gustav Shuts Down Gulf Operations

Investors react to storm threat

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... More »

MORE ABOUT:
gas prices • Gulf of Mexico • energy markets • Gulf Coast • oil production • oil prices • Hurricane Gustav

MARKETS

 Durable Goods Key Solid Gains 

Oil ticks up on Gustav fears, but markets barely flinch

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.... More »

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Dow Jones • durable goods • Nasdaq • S&P 500 • oil prices • Hurricane Gustav

MARKETS

 Stocks Flat on Mixed News 

Convention, vacations mean trading volume stays light

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&... More »

MORE ABOUT:
Federal Reserve • Dow Jones • Democratic National Convention • consumer confidence • Nasdaq • S&P 500 • oil prices

Drilling Boom Sends Natural Gas Supplies Soaring

Boom raises hope for cheaper prices as reserves expand

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... More »

MORE ABOUT:
global warming • fossil fuel • natural gas • oil prices • Chesapeake Energy

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