oil prices – News Stories About oil prices - Page 8

MARKETS

Jan 7, 2009 3:24 PM CST

Dow Down 245 on Jobs

Investors nervous ahead of Friday's December employment report

(Newser) - Stocks piled on after this morning’s losses, with investors shaken by a grim jobs report and news of layoffs and slashed forecasts at Alcoa and Intel. Crude plunged $5.95, to $43.01 a barrel, after inventories rose more than forecast, MarketWatch reports. The Dow fell 245.40 to...

Dow Rises 62 Despite Data

MARKETS

Jan 6, 2009 3:27 PM CST

Dow Rises 62 Despite Data

Oil futures end a four-day rally

(Newser) - Stocks failed to hold on to session highs but made gains today amid a series of dismal, if not unexpected, economic reports. Oil futures ended a four-day rally, falling $0.23 to $48.59 a barrel after briefly topping $50, Marketwatch reports. The Dow added 62.21 points to close...

Stocks Hop, Oil Leaps

MARKET Open

Jan 6, 2009 8:51 AM CST

Stocks Hop, Oil Leaps

Dow rise modest, oil rise fo' real

(Newser) - Stocks turned upward at the open today, as traders hunted for bargains and signs of a recovery. The Dow rose 80 points, while the S&P and Nasdaq climbed 1% and 0.9% respectively. Oil, meanwhile, jumped $1.22 to $50.03 as a dispute between Gazprom and the Ukraine...

Venezuela Yanks Free Fuel for Poor Americans

Jan 6, 2009 3:07 AM CST

Venezuela Yanks Free Fuel for Poor Americans

Plunging price of oil forces Chavez to freeze fuel aid program

(Newser) - Venezuela has halted its gifts of free fuel to America's poor, the New York Times reports. The controversial foreign aid project supplied heating oil to 200,000 low-income households in 23 states and on Indian reservations, but the plunge in the price of oil has hit Venezuela hard and President...

Dow Dips 81 on Autos, Building

MARKETS

Jan 5, 2009 3:20 PM CST

Dow Dips 81 on Autos, Building

Several wireless and financial firms fall after downgrades

(Newser) - Stocks fell today as the markets digested poor, but better-than-forecast, reports in auto sales and construction spending, the Wall Street Journal reports. Though the Dow rose to an 8-week high Friday, it fell 81.80 today to close at 8,952.89. The Nasdaq lost 4.18, closing at 1,...

Dow Clears 9,000 to Open '09

MARKETS

Jan 2, 2009 3:29 PM CST

Dow Clears 9,000 to Open '09

Market discounts poor manufacturing report

(Newser) - Stocks rallied in the first session of 2009, with energy stocks leading advances on a jump in crude oil prices, MarketWatch reports. GM rose after announced changes to GMAC policy expected to give prospective buyers more financing options. In light trading volume, the Dow climbed 258.30 points to close...

Stocks Start Slowly in 2009

MARKET Open

Jan 2, 2009 8:49 AM CST

Stocks Start Slowly in 2009

Open flat

(Newser) - Stocks started the new year with a whimper, opening flat in the first trading session of 2009. The Dow rose 26 points, while the S&P and Nasdaq saw 0.3% and 0.2% gains. Many traders were watching oil, which fell $3 today after a 14% surge on Wednesday....

Dow Drops 32; Crude Rises

MARKETS

Dec 29, 2008 3:27 PM CST

Dow Drops 32; Crude Rises

Rohm & Haas, Dow Chemical fall on scuttled Kuwait deal

(Newser) - Stocks saw light losses today as news of trouble in Rohm & Haas’ acquisition of Dow Chemical hurt materials and crude staged a comeback on renewed Middle East tension, MarketWatch reports. The Dow closed down 31.62 points at 8,483.93. The Nasdaq fell 19.92 to close at...

Stocks Flat as Oil Surges

MARKET Open

Dec 29, 2008 9:10 AM CST

Stocks Flat as Oil Surges

Case Schiller likely to throw this out of whack later

(Newser) - Oil prices soared this morning, as Middle East tensions reached a fever pitch, but stocks barely budged, with the Dow rising a mere 1.83 points, while the Nasdaq and S&P moved up 0.44 and 5.18 respectively. Oil rose above $40 thanks to Israel’s dramatic attacks...

Oil Tops $40
on Gaza Turmoil

Dec 29, 2008 6:01 AM CST

Oil Tops $40 on Gaza Turmoil

Crude jumps 8% on violence, while OPEC waits for production cut to take hold

(Newser) - The price of oil jumped to $40 a barrel this morning, a gain of 8% over the previous session, as violence between Israel and Hamas threatened to destabilize crude supplies from the Middle East. Oil has been rising slightly after falling by more than $100 a barrel since July. The...

Dow Gains 47 in Light Trading

MARKETS

Dec 26, 2008 3:29 PM CST

Dow Gains 47 in Light Trading

Dow up 47; GM advances after GMAC decision

(Newser) - Stocks edged higher today on very thin post-holiday trading volume, with energy firms seeing a boost from crude-oil prices that broke a 4-day losing streak, MarketWatch reports. The Dow gained 47.07 to close at 8,515.55. The Nasdaq climbed 5.34, settling at 1,530.24, and the...

Stocks Get Post-Holiday Bump

MARKET Open

Dec 26, 2008 8:54 AM CST

Stocks Get Post-Holiday Bump

Dow up mildly on light trading

(Newser) - Stocks saw a modest uptick this morning, despite a consumer spending report seemingly designed to puncture post-holiday cheer. The Dow rose 40.93 points, while the S&P and Nasdaq added 3.86 and 5.81, respectively. But volume was extremely low, as many Wall Street denizens took the day...

Oil Prices
Reverse Monthlong Decline

Dec 26, 2008 7:44 AM CST

Oil Prices Reverse Monthlong Decline

Crude reaches nearly $37 after UAE's cuts

(Newser) - Oil prices rose today—after dropping more than 30% this month alone—as the United Arab Emirates joined Saudi Arabia in curbing crude supplies, reports Reuters. Crude oil rose as much as $1.55 a barrel, or 4.4%, to $36.90 in New York this morning. The UAE cut...

Oil Skids; Dow, Off 219, Follows

MARKETS

Dec 18, 2008 3:36 PM CST

Oil Skids; Dow, Off 219, Follows

Weak data, contract expirations stoke selloff

(Newser) - Stocks fell today as oil futures declined, the jobs picture remained grim, and two of the Detroit’s Big Three announced production stops due to lack of funds, MarketWatch reports. The imminent expiration of options and futures contracts also bedeviled the markets, and the Dow closed down 219.35 at...

OPEC Slashes a
Record 2.2M Barrels

Dec 17, 2008 10:54 AM CST

OPEC Slashes a Record 2.2M Barrels

(Newser) - OPEC has approved a cut in output of 2.2 million barrels of crude a day, the largest reduction ever, MSNBC reports. The consortium believes that stabilizing prices now by decreasing supply will guard against a price spike when consumer confidence increases. OPEC’s monthly report predicts that demand will...

OPEC Prepares to Slash Output

Dec 17, 2008 1:46 AM CST

OPEC Prepares to Slash Output

Saudis lead push for record cut to pump prices to $75 a barrel

(Newser) - OPEC ministers are expected to back the biggest reduction in oil production in the history of the cartel when they meet today, Reuters reports. The exporters widely support a cut of 2 million barrels a day. Oil prices neared $43 per barrel yesterday, down over $100 from July. Officals from...

Bank Woes Push Dow Down 196

MARKETS

Dec 11, 2008 3:23 PM CST

Bank Woes Push Dow Down 196

JPMorgan Chase, Bank of America, Citigroup all see big drops

(Newser) - The markets slid today as JP Morgan’s CEO made pessimistic comments about home prices, the Wall Street Journal reports. Adding to investor malaise was a Labor Department report that unemployment insurance claims are at a 26-year high, and continued uncertainty about the Detroit bailout. The Dow was down 196....

Global Demand for Oil Expected to Plummet

Dec 9, 2008 6:03 PM CST

Global Demand for Oil Expected to Plummet

Consumption will drop in consecutive years; first time in 3 decades

(Newser) - The price of oil continued its descent today, settling at $42.07 a barrel amid new signs of collapsing demand worldwide, the Financial Times reports. Global consumption will shrink by 50,000 barrels a day in 2008 and by a whopping 450,000 barrels a day in 2009, the Energy...

Dow Up 299 on Stimulus, Autos

MARKETS

Dec 8, 2008 3:17 PM CST

Dow Up 299 on Stimulus, Autos

Industries likely to benefit from Obama building plan see gains

(Newser) - Stocks rallied today, led by automakers, which look ever likelier to get a federal bailout, and industrial firms expected to benefit from President-elect Barack Obama’s proposed public-works programs, MarketWatch reports. The Dow gained 298.76 to close at 8,934.18. The Nasdaq rose 62.43, closing at 1,...

Oil Prices Plunge
to 5-Year Low

Dec 5, 2008 2:43 AM CST

Oil Prices Plunge to 5-Year Low

OPEC expected to slash production to push up prices

(Newser) - Oil prices continue to plunge as demand slackens amid the global economic downturn. Oil has dropped 19% drop this week, the biggest weekly decline in five years, reports Bloomberg. Prices have tumbled 70% since reaching a record $147.27 in July, and some predict prices may dip as low as...