Democrats are split between environmentalists and business and labor groups, with the proposed Canada- to- Texas oil pipeline a major wedge.» Read More
Oil rose near an all-time high on Thursday, as OPEC officials said the producer group would not hike output, despite concerns of a supply shortfall.
Royal Dutch Shell sold three French oil refineries and gas field stakes in Norway for $2.5 billion on Thursday, pressing ahead with its strategy to divest lower-returning assets.
The huge market swings yesterday--including a 200 point rebound in the Dow during the last half hour--may have had some traders chugging Maalox. But others thrive on the roller-coaster ride. Don't look for the big ups and downs to stop anytime soon.
Centrica, Britain's largest energy supplier, on Thursday reported an 185% rise in net profit in the first half of 2007, as falling natural gas prices boosted the fortunes of its retail wing, British Gas.
Oil company Total said Thurdsay that second-quarter net profit was little changed as improved refinery margins failed to offset the weaker dollar.
Stocks rose sharply in the final minutes of trading, with the Dow posting a triple-digit gain, as bargain hunters snapped up beaten down shares after credit jitters weighed on the markets all session. "At some point we have to look at the recent downturn as being slightly overdone," Arthur Hogan, managing director at Jefferies, told CNBC.com.
Oil prices retreated after jumping to a new record Wednesday on the government's report of a steep drop in crude inventories and surge in refinery activity.
August may mark the depths of summer vacation season, but it's been getting a bad wrap in recent years on Wall Street. Over the span of just about two-decades, the eighth month of the year has become among the weakest for the S&P 500, according to the Stock Trader's Almanac.
A selling wave in global stock markets is sweeping futures lower this morning as subprime and credit woes once more rise to the surface. A new disclosure about a third troubled hedge fund at Bear Stearns is rattling investors.
Russia's gas exports monopoly Gazprom will almost halve gas supplies to Belarus from Friday after failing to reach a deal with Minsk over a $456 million gas debt, Gazprom said on Wednesday.
Stocks closed broadly lower after a mortgage lender said it is unable to borrow money and crude oil closed above $78 a barrel for the first time. "We think the corrective phase in the financials is not yet over," said John Roque, technical analyst at Natixis Bleichroeder.
Oil futures settled at a record high above $78 Tuesday on expectations that crude inventories fell last week and reports of new violence in Nigeria, a large oil producer and key supplier to the U.S.
Marathon Oil said Tuesday it agreed to buy Canada's Western Oil Sands Inc. for about $5.56 billion, giving the U.S. oil company a foothold in one of the world's most promising streams of new crude oil.
Stocks are ready to spring higher on the opening as economic data, earnings and some merger news gets investor attention this morning. GM's better-than-expected earnings report is adding a positive tone.
Stocks closed higher, helped by buying in the financials sector, as bargain hunters shrugged off lingering concerns about corporate financing. "The question many investors should ask is whether deals are merely being re-priced, which seems appropriate, or will be cancelled," said Jason Trennert of Strategas Research.
Oil fell on Monday as traders took profits after supply concerns sent prices above $77 abarrel last week and near record highs.
Futures are perking up this morning and are setting stocks up for a firmer opening. Traders are turning their attention to earnings and some percolating merger news, and there's a calm on Wall Street after Friday's late day, mad dash down-hill ride for stocks.
The state-controlled Statoil oil company on Monday reported an 11% +increase in net profits for the second quarter from a year earlier due mainly to a lower tax bill and increased natural gas sales.
U.S. average retail gasoline prices fell 17 cents per gallon as Midwest refiners recovered from recent difficulties and produced more gas, according to an industry analyst.
Cramer explains why he changed his mind on Exxon and Annaly Capital is the best play on a pause in commercial construction.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.
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