President Obama will announce a major surge in aid to fight the Ebola epidemic in West Africa, using U.S. military personnel.» Read More
Crude oil futures fell sharply on Thursday on pre-holiday profit-taking after government report of ample fuel supplies amid mild northeastern U.S. weather.
Oil prices broke above $64 a barrel before pulling back. A drop in crude inventories added to a perception that high fuel stock levels reached in the third quarter have reversed.
U.S. crude oil futures bounced to the upside as traders worry the fogged-in Gulf Coast's shipping delays may show up Wednesday in supply reports showing slumping inventories.
Oil broke below $63 a barrel as OPEC pointed to signs of a weaker market next year and mild weather in the United States limited heating needs.
Crude oil futures ended stronger above $63 a barrel on Friday as fog hampered Gulf Coast tanker traffic.
The new movie "Blood Diamond" hasn't even hit theaters (it opens on Friday) but already it's stirring up quite a bit of controversy--over the use of so-called "conflict diamonds" to fund some of Africa's bloodiest civil wars. Given the sensitive subject matter, the diamond industry--which logs about half of all sales this time of year--has launched a massive PR campaign to offset any potential consumer backlash.