TRIPOLI, March 10- Libya on Monday stopped a North Korean-flagged tanker that had loaded oil from a rebel-held port, after naval forces briefly exchanged fire with the rebels, officials said.» Read More
Oil prices climbed to a fresh closing peak of above $123 a barrel despite a big increase in U.S. crude supples.
Crude oil prices closed at yet another record of $121.84 a barrel on Tuesday after a forecast that prices will just keep climbing.
Robust demand for crude and a weak dollar have fuelled the rally from a dip below $50 at the start of 2007 to $120 a barrel and above.
Crude oil futures leaped to a new all-time high above $120 a barrel, as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.
As they traveled across Indiana and North Carolina over the last few days, trading charges and countercharges about the wisdom of suspending the federal gas tax for the summer, Senators Hillary Rodham Clinton and Barack Obama were really having a larger fight.
Oil jumped more than 3 percent to over $116 a barrel Friday, after a report -- showing the U.S. economy lost fewer jobs than feared in April -- eased worries about the country's economic health.
Boeing was debriefed by the Air Force today on why it lost the massive $40 billion tanker deal in a shocking defeat to Northrop Grumman-EADS. Mark McGraw, head of Boeing's tanker program, spoke with me just minutes after the meeting ended.
The European Union told Serbia on Friday to protect foreign embassies after an attack on the U.S. embassy that killed one person, and suggested violence could harm its prospects of closer ties with the bloc.
Serb rioters broke into the U.S. Embassy and set fire to an office after a massive protest against Kosovo's independence that drew an estimated 150,000 people.
Before the polls even opened in Wisconsin on Tuesday, the two Democratic contenders had moved on to campaign in Texas and Ohio, the two next big prizes on the primary calendar.
Intrade has done an excellent job of predicting election results over the last few years. But now a little backlash has begun.
We have strong disagreements with all the Republicans running for president. The leading candidates have no plan for getting American troops out of Iraq. They are too wedded to discredited economic theories and unwilling even now to break with the legacy of President Bush. We disagree with them strongly on what makes a good Supreme Court justice.
Senator Hillary Rodham Clinton won the vote in the Nevada Democratic caucuses on Saturday, giving her a second consecutive victory in what is shaping up as a protracted battle with Senator Barack Obama.
STANDISH, Mich. — This quiet town, tucked between the thumb and the rest of the fingers in Michigan’s mitten, feels worlds away from the struggling automobile factories of Flint and Detroit. But economic gloom has made its way here just as it has seeped through so much of this state.
You can not escape the irony. Sunday marked Veteran's Day. Tuesday marks the 25th anniversary of the Vietnam Memorial. The U.S. government last week sent an economic contingent to Vietnam to expand trade. CNBC had a reporter there.
Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.
Mitt Romney is a big (and very rich) boy, and has earned some of the shots that have come his way in the 2008 presidential race. Most prominent among them have been barbs at the evident calculations he has made in flip-flopping on key issues to appeal to the conservative Republican base.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Presidential candidate Sen. John McCain (R-Ariz.) joined CNBC's Larry Kudlow on "Kudlow & Co." to discuss the economic strategy he would pursue if he were elected America's commander-in-chief in 2008.
The Iraqi government said Wednesday that Turkish artillery and warplanes bombarded areas of northern Iraq and called on Turkey to stop military operations and resort to dialogue.