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OiL PRICES: Crude Oil Rises to a Record $100.10 [del.icio.us]Crude oil rose to a record $100.10 a barrel in New York on speculation Organization of Petroleum Exporting Countries will cut production when it meets next month. Gasoline and heating oil also reached records as investors poured money into energy markets. ... |
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OiL PRICES: It is hit $102 as dollar sinks against EuroOil prices broke through a new intraday high of $102 a barrel today as a slide in the U.S. dollar prompted investors to pump more money into energy futures as a hedge against inflation. The dollar sank to a record low against the euro after the release of three disheartening U.S. economic repo... |
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Oil prices hover near record highOil prices remain near the record level of $101.43 a barrel set on Tuesday as the dollar plumbs new euro lows. ... |
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![[OIL PRICES] Oil Falls Toward $50 a Barrel as Fuel Use Falls, Equities Slump !](http://statics.keegy.com//img/postsh/15/5F/th2-turkey-fryer-uses-no-oil-but-it-uses-no-oil-kitchentech.jpg)
[OIL PRICES] Oil Falls Toward $50 a Barrel as Fuel Use Falls, Equities Slump !Crude oil fell for a fifth day, approaching $50 a barrel, as the contracting world economy increases concerns that demand for fuels will slow. U.S. fuel use during the past four weeks averaged 19.1 million barrels a day, down 7 percent from a year ago, an Energy Department report said yesterday.. ... |
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[OIL PRICES] Oil resumes downward streak on demand worriesCrude Oil Falls as Stronger Dollar Dims Commodities' AppealCrude oil fell for a third day as the dollar rose against the euro, reducing the appeal of commodities as a hedge. Oil fell after the dollar rose to a one-year high against the euro on speculation that growth in Europe will slow more than in the U.S. Investors looking to hedge against the dollar'... |
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OPEC set to cut oil output at emergency meetVIENNA (AFP) - OPEC is set to announce a cut to its oil output at an emergency meeting here on Friday in a bid to support crude prices, which are plunging as recession fears hit demand for energy worldwide. ... |
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