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Oil prices closed Nymex trading above $89 per barrel Monday, after sinking to their lowest in more than five weeks -- a fall that led to doubts that OPEC will agree to boost oil output at a meeting this week.
Oil closed down more than $2 to a one-month low below $89 per barrel on Friday, as expectations that OPEC could agree to boost output at a meeting next week weighed on the market.
Cramer makes the call on viewers' favorite stocks.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.
Instead of panicking, investors should look for ways to weather--and yes, profit from--the expected economic slowdown.
Oil prices dipped as rising refinery production and a key pipeline restart eased worries of a U.S. fuel supply crunch this summer driving season.
U.S. crude oil futures dipped this afternoon on book-squaring and crack-spread trading ahead of Wednesday's government inventory report. Front month crude futures earlier rose above $64 as a shut Canada-to-U.S. crude pipeline and a Texas refinery's restart were supportive.