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.
The oil market is well supplied, with inventories at record levels globally, and the market continues "to be a bit soft," but prices are getting a big boost from the dollar's fall, Exxon Mobil CEO and Chairman Rex Tillerson told CNBC Friday.
Texas billionaire T. Boone Pickens has made headlines with his clean energy plan for America. But what you haven't heard is the 81-year-old's plan to stay mentally and physically fit. Neuroscientists who have studied his brain say it appears to function like someone half his age.
Soft commodity plays like Wilmar International, the world's largest palm oil producer, are poised to benefit from changing climatic conditions and China's growing appetite for commodities, said Nirgunan Tiruchelvam, equities analyst at RBS.
The weakness in the U.S. dollar risks inflating a bubble in the oil market, which could threaten consumer spending and potentially cause a double dip recession.
The price of oil looks set to rise further as political factors limiting investment will join rising demand and a weak dollar among factors pushing up prices, analysts told CNBC Wednesday.
On a short holiday week where the Dow started off at a new 2009 high before losing ground Friday on concerns over Dubai's debt standing, the markets managed a mixed to flat performance for the week.... Read More