U.S crude oil is expected to rise to an average of $75.40 a barrel in 2010, a Reuters poll showed on Wednesday, but analysts said a deep pool of global supply would keep short-term price growth in check.
Oil edged above $76 a barrel on Wednesday as the dollar weakened and investors awaited a report on U.S. inventories expected to show rising crude stockpiles and lower distillate supplies.
Oil prices fell on Tuesday after data showed the U.S. economy grew at a slower-than-expected pace last quarter and investors braced for weekly figures to show crude stocks rose in the world's top energy consumer last week.
Oil fell nearly 1 percent on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.
U.S. crude futures fell more than 2 percent Thursday as a stronger dollar weighed and weaker equities raised concern about the economy and a potential rebound in energy demand.
Americans will travel 1.4 percent more this Thanksgiving holiday weekend compared to last year as consumer sentiment improves after the global economic crisis, travel and auto group AAA said Wednesday.
Ford's Fusion mid-size sedan was named Motor Trend magazine's 2010 "car of the year" Tuesday, adding to the perception that changes to the No. 2 U.S. automaker's vehicle lineup are gaining traction.
Oil prices rose more than 3 percent on Monday, taking back all of last week's 1.4 percent losses as the dollar drifted lower and better-than-expected U.S. consumer spending data boosted markets.
While investment capital seeks to exploit stimulus package programs for renewable energy projects, investors may want to consider the greenest form of energy out there—the megawatt no one uses. White credits measuring energy conservation are now available,.
Iraq’s Baghdad Trade Fair ended Tuesday, six years and a trillion dollars after the American invasion that toppled Saddam Hussein, and one country was conspicuously absent -- the U.S. The New York Times reports.
A month and a half after announcing a safety recall of 3.8 million vehicles as risk of having accelerators trapped under floor mats, Toyota has a plan to fix the problem... Read More
A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data, which include jobless claims, durable goods and consumer sentiment.... Read More
Remember the good old days? The days when auto shows were major events where an automaker could generate buzz with new models? Where you could see the public's appetite for new cars and trucks? Next week we'll see if auto shows still have the magical pull or if the pall over last years auto show season lingers into this year’s slate of shows... Read More