OIL FUTURES: Crude Hits 6-Mo High On Econ Optimism, Dollar
By Lananh Nguyen LONDON (Dow Jones)–Crude oil futures rose to fresh six-month highs Wednesday in London as economic optimism and a lower dollar encouraged buyers.
Oil retreats from 6-month high
Crude futures hang around $60 a barrel, pulled lower by a triple-digit sell off in the Dow and a stronger greenback. By Catherine Clifford, cnnmoney.
Venezuela To Seize Assets Of 60 Oil Service Cos -Chavez
CARACAS -(Dow Jones)- President Hugo Chavez said Friday that Petroleos de Venezuela SA, PdVSA, will take over the assets of 60 different oil service firms across the country.
OIL FUTURES: Crude Retreats From 2009 High On Econ Uncertainty
By Brian Baskin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Crude oil futures fell back after hitting a high for the year as economic data expected later in the week threatened to dash hopes for a quick recovery.
US Markets Wrap: S&P 500 Erases 2009 Loss as Copper, Oil Gain
By Lynn Thomasson May 4 (Bloomberg) — US stocks rose, erasing the Standard & Poor’s 500 Index’s 2009 loss, after home sales beat estimates and manufacturing in China increased for the first time in nine months, boosting confidence the global recession …
Oil Rises to Highest in 5 Weeks as Pending Home Sales Increase
By Margot Habiby May 4 (Bloomberg) — Crude oil rose to a five-week high as the number of Americans signing contracts to buy previously owned homes jumped along with spending on US construction projects, signaling energy demand may improve with the …
Chevron’s quarterly net falls 64%; oil production up
By Steve Gelsi, MarketWatch NEW YORK (MarketWatch) — Chevron Corp.’s first-quarter net income fell 64%, financial results showed Friday, as the last of the five oil majors absorbed the impact of a slower economy and a big slide in prices for crude …
Oil Trades Little Changed After Falling on Stockpile Concern
By Alexander Kwiatkowski May 1 (Bloomberg) — Crude fell for the first time in three days in New York on speculation that prices have risen too far, too fast as stockpiles grow.
Oil, Metals, Hogs Drop on Outlook for Demand After Swine Flu
By Stuart Wallace and Chanyaporn Chanjaroen April 28 (Bloomberg) — Crude oil, industrial metals and hog futures dropped for a second day on speculation a global outbreak of swine flu will derail efforts to shore up economies, curbing demand for raw …
Oil Prices Slump Below $49 a Barrel
By GREGORY MEYER NEW YORK — Crude-oil futures dropped more than 6% Monday on concerns the deadly strain of flu showing up around the world will force travel cutbacks that undermine global oil demand.