BEIJING— The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine. U.S. crude for May delivery was down 12 cents at $104.18 in electronic trading on the New York Mercantile Exchange after trading resumed following a three-day holiday weekend.» Read More
Britain's overall trade deficit hit a record high in 2006, according to official data released Friday, partly due to the fact that the nation has become a net importer of oil.
Major stock markets in Europe look set to hold on to their current strong levels as earning season continues and high-profile mergers and acquisitions dominate investor sentiment.
There's some upward bias in stocks this morning but for now the market is without much direction. European markets are higher. Japanese stocks ended higher though Hong Kong slid. The yen is lower against the U.S. dollar as the G7 meets in Essen, Germany today. The yen has widely been expected to be a discussion topic.
Stocks finished lower as new worries about the mortgage lending market depressed financial shares and a late surge in oil prices drove energy stocks higher. "Crude rallied 4% in 10 minutes and it just turned energy stocks on a dime," said Michael Driscoll, Senior Managing Director in Equity Trading at Bear Stearns.
Are you willing to pay more to drive in less traffic? We're talking about paying a premium on top of those hefty tolls already charged by many highways, tunnels and bridges. Transportation officials are meeting at the White House to talk about this very kind of traffic tax. They say it would unclog city streets and fight global warming. Are they right?
Crude oil futures jumped more than $2 this afternoon, after a fire forced Occidental Petroleum to declare force majeure at one of the largest gas and oil fields in California.
African nations like Sierra Leone and Namibia might not seem like they would be the first place investors looked to put their money. But they are exactly where China has been investing heavily over the past couple of years. And that raised the question--why is the world’s most populous nation pouring money into the world’s poorest continent?
U.S. movie theater advertiser National CineMedia opened up 21%in its market debut Thursday, a day after pricing above a forecast range.
Oil prices are hovering lower today, after failing to breach the $60 mark for three days straight. Therefore, we can conclude that oil will remain at this level ad infinitum, right? Think again, two petroleum market analysts told "Morning Call."
Stocks look mixed to weaker ahead of the opening after yesterday's Dow rise into record territory reversed course, leaving the key index flat on the day. Early focus this morning is on the European Central Bank's rate decision and then retailers' January sales reports could help drive sentiment.
Stocks were helped by a rally in tech shares, but a sharp drop in crude-oil prices hit energy shares and rattled investors. The Dow Jones Industrial Average closed flat.
Oil prices fell more than a dollar on profit-taking despite a lingering deep freeze in the U.S. that was boosting demand for heating oil.
The Tundra truck -- Toyota Motor’s postmodern combo of blue-collar ruggedness and advanced electronics -- goes on sale this week. How will top automakers confront the competition? That’s one question that drew CNBC’s Phil LeBeau to the Chicago Auto Show.
Stocks inched their way to a positive close after a sharp reversal in oil eased selling pressure and a late buying spree broke out in internet stocks.
Crude oil futures were little changed and near flat, having retreated from resistance just under $60 as heating oil strength waned despite the demand boost provided by cold weather.
BP said Tuesday its fourth-quarter profit dropped 22% to a two-year low, driven down by the declining price of oil and increased safety spending after a series of high-profile mishaps including a deadly refinery blast in Texas and an oil spill in Alaska.
Independent oil and gas company Anadarko Petroleum said that quarterly profit rose, helped by the sale of its Canadian business.
The Dow Jones Industrial Average closed fractionally higher, helped by strength in Wal-Mart and Boeing, but the broader market failed to gain traction.
Oil finished with slight losses on the day despite a morning rally powered by cold winter weather across much of the U.S.
Bears lost the Super Bowl but they might make some gains on Wall Street today. Stocks look set to start the week on a soft footing with focus on some key earnings reports and a light calendar of economic data. Merger news dominates Monday headlines.
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