PRAGUE, March 8- Four central European countries have asked the U.S. Congress to make it easier for them to import natural gas from the United States and reduce their dependence on supplies from Russia, the Czech Foreign Ministry said on Saturday.» Read More
U.S. light, sweet crude gained 22 cents to close at $74.15 a barrel Monday. But London Brent, seen as the best indication of global oil prices, settled down 24 cents to $77.33 a barrel after having risen to a peak of $78.40 earlier in the day, just shy of the record $78.65 struck Aug. 8, 2006.
The Dow Jones Industrial Average closed at a new record high, even as renewed worries about a subprime spillover dragged on the broader market. "I think everything's going really well," said Ron Kiddoo, chief investment officer at Cozad Asset Management. "We think the market is being driven mostly by full employment, low interest rates, low inflation and a reasonably good economy."
The Organization of the Petroleum Exporting Countries said on Monday that world oil demand in 2008 will grow moderately, while supply from rival producers will expand, reducing the need for crude from the exporter group.
Stocks are setting a positive tone ahead of the opening even as oil continues its move up. Merger news, real and rumored, dominates the Monday morning headlines.
Speculation in London newspapers over the weekend about a potential $50 billion offer on the way for Alcoa from BHP Billiton is among the largest of possible deals for traders to focus on today.
The stock market finished the week with the Dow Jones Industrial average and the S&P 500 closing at lifetime highs for a second consecutive day. The Nasdaq Composite shook off earlier weakness to close in the plus column.
Oil rose Friday, hitting an 11-month high above $77 a barrel on speculative buying as North Sea production problems and forecasts for rising demand tightened the supply outlook.
Next week a number of companies should report better-than-expected earnings. Here are Cramer's must-own names.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Shares of KBR, the military contractor and engineering company, dipped slightly Friday after soaring to new highs earlier in the week amid a flurry of new business, including a contract one Wall Street analyst called a "game-changing win" for the former Halliburton subsidiary.
Proponents of "peak oil" -- the theory that global crude oil production has hit its zenith and is headed for a steep decline -- are steamed with a U.S. oil industry group's findings that the world has plenty of oil.
Here's the latest $80 stock Cramer thinks is going to 20 over par.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Boone Pickens, Texas oilman and chief executive of BP Capital, told CNBC’s “Squawk Box” that he expects oil to hit $80 a barrel before he turns 80 next May.
U.S. stocks are ready to rise at the open after equities markets worldwide set records of their own on the back of Wall Street's big rally.
Russia's Gazprom and Total signed an agreement Friday that will give the French company a major role in developing the huge Shtokman gas field.
World oil demand will grow more quickly in 2008, though higher production and refinery capacity should ease pressure on supply, the International Energy Agency said on Friday.
The Dow and S&P catapulted to new highs following strong retail sales data and a major corporate acquisition. "We started out with better than expected retail numbers and it just went from there," said John Massey, portfolio manager with AIG SunAmerica. "M&A deals came through better than expected and people put a lot of the concerns behind them."
U.S. crude oil slipped by midday trading in New York on Thursday as gasoline pulled back on news of refineries in Texas restarting and curbing supply worries, traders told Reuters.
PetroChina, Asia's biggest oil producer, aims to list its shares in Shanghai in November to raise about 50 billion yuan ($6.61 billion), sources close to the situation said on Thursday.
Stocks closed higher as investors were encouraged by healthy merger activity and encouraging news for the worrisome subprime mortgage market. "There was concern today that there would be selling follow-through, but the markets are hoping earnings will propel things higher," said Peter Dunay, investment strategist at Leeb Capital Management.
Oil eased on Wednesday, after an unexpected drawdown in crude oil inventories in top consumer the United States helped the market pare earlier losses.