Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower. » Read More
President Hugo Chávez, buffeted by falling oil prices that threaten to damage his efforts to establish a Socialist-inspired state, is quietly courting Western oil companies once again, the New York Times reports.
Government bonds are still the safest bet for investors in these uncertain times, and the euro will face an uphill battle as weak economies will need more flexibility, Hugh Hendry, Chief Investment Officer and Partner at Eclectica, told CNBC.
The current market environment is a value investor’s dream, according to Patrick Becker Jr., co-manager of Becker Capital Management.
European building materials and construction stocks could be big gainers from a Barack Obama win in Tuesday's U.S. presidential election, while defence companies would get a boost if rival John McCain won, analysts said.
Stocks will likely rock and roll again Thursday. Wednesday's market was particularly volatile, although for a good part of the day it was unusually calm as investors waited for the Fed's rate decision. In the final half hour, the Dow wiped out a big gain to end 74 points lower. The Dow was up 298 at its peak, and down 174 at its low point.
Shell, Andarko and other energy companies are delaying the restart of oil and natural gas production as a second storm threatens to batter the Gulf. How should you trade?
Several major U.S. refiners said early checks on Monday showed their facilities were unharmed by Hurricane Gustav, but at least two others were said to be considering dipping into the U.S. Strategic Petroleum Reserve to keep operations going after the storm shut down key waterways.
Gustav hasn't even made landfall, and it's already hitting consumers in the pocket book. Gasoline could jump 10 to 15 cents a gallon at the pump over the Labor Day weekend for some drivers, according to Tom Kloza, chief analyst at the Oil Price Information Service.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $116 a barrel after earlier topping $120.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $118 a barrel after earlier topping $120.
Stocks opened higher Thursday after the second reading on second-quarter GDP showed growth was more robust than first thought. Tropical Storm Gustav, which is readying to move back to hurricane status and heading toward the Gulf Coast, continued to hover over the market and bump up oil prices.
U.S. stock-index futures rebounded Thursday after the second reading on second-quarter GDP showed growth was more robust than first thought. Tropical Storm Gustav, which is readying to move back to hurricane status and heading toward the Gulf Coast, continued to hover over the market and bump up oil prices.
Wednesday's weather models reinforce that Hurricane Gustav could be the most powerful storm to rip through Gulf of Mexico oil and gas production areas since Katrina. It will be the first storm to test the industry's efforts to reinforce its oil and gas production infrastructure.
The oil market's taking notice that Hurricane Gustav could be the first major storm to wreak havoc with Gulf of Mexico oil production areas in several years, and it should be clear by the weekend just how serious that threat could be. "This could be the most significant storm in that area since Katrina and Rita" in 2005, said John Kilduff, M.F. Global senior vice president.
A strengthening Tropical Storm Fay, which killed at least 57 people in the Caribbean over the weekend, took aim at Florida on Monday after breezing across Cuba and causing little damage.
European shares ended a choppy session in positive territory on Thursday as a recovery in commodity prices helped energy and mining shares and fears over price pressures were partially quelled by U.S. inflation data.
Although a longshot in winning the gold in our World Markets Challenge, the UK's FTSE 100 is now less than 1% behind the S&P 500 on the leaderboard. Here are some key stats on Britain's economy and markets.
Tropical Storm Edouard strengthened late on Monday as it churned across the Gulf of Mexico and will likely hit the Texas coast with near-hurricane strength, U.S. forecasters said.
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast on Monday.
Furious motorists faced with high pump prices have accused oil majors of profiteering, but as the firms announced bumper profits this week, they said they were making little gasoline sales.