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As oil prices race toward $100 a barrel, the expectations that gasoline prices will catch fire are running high.
The unrest in Libya sparked the 9 percent spike in black gold today and the unrest is spreading. $100 oil is nothing new to the energy markets but the fact that the turmoil contaigon has picked up steam, just how high can oil go? I decided to speak with David Wyss, Chief Economist at Standard & Poor's.
With oil prices rising sharply on the back of the crisis in Libya, the head of the International Energy Agency has warned crude prices hitting $100 a barrel could be bad news for economic growth.
Italian stocks faced continued volatility Tuesday amid escalating violence against Libyan protesters who want veteran ruler Muammar Gaddafi to step down.
Aecom, a Los Angeles-based company with employees around the world, is pulling all of its American workers out of Libya, as turmoil in the nation intensifies.
The administration is searching for an acceptable blend of government support and a pro business environment because voters demand better jobs without compromising the nation’s balance sheet. The answer may be in Tripoli.
The turmoil in the Middle East has oil prices on a roll. Here's a plan for currency investors.
The madness in Libya has escalated beyond the level seen in Egypt—even during its darkest hours, just prior to the fall of the Mubarak regime.
The global financial markets are beginning to show signs of distress and volatility after an exceptional strong rally in US equities and global risk.
Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the oil-rich country's deputy oil minister told CNBC Tuesday.
Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.
Oil prices could make further gains but US stocks could be set for a difficult year, Marc Faber, the author the closely-watched Gloom, Boom and Doom report, said in an interview.
"Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.
Clashes in oil producer Libya sent benchmark Brent crude to 2-1/2-year highs on Monday above $105 a barrel on fears that supplies to Western countries could be disrupted, while U.S. prices rallied by more than $4.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
The uprisings in the Middle East have been in part blamed on soaring food prices but one market watcher told CNBC those states with huge oil wealth should be better able to keep their people appeased by subsidizing food prices and other incentives.
The risk-on trade that has driven equities and commodity prices since the Federal Reserve started talking about the second round of quantitative easing last year is under threat from inflation, one analyst warned Monday.
Jittery Chinese authorities wary of any domestic dissent staged a show of force Sunday to squelch a mysterious online call for a "Jasmine Revolution," with only a handful of people joining protests apparently modeled on the pro-democracy demonstrations sweeping the Middle East.
With the recent turmoil across North Africa and the Gulf, investors are now becoming increasingly concerned that the ‘political contagion,’ as the wave of upheaval has come to be known, may flow over into Saudi Arabia as well.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.