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US stocks mark time amid easing oil, firming dollar Posted: 31 May 2008 0544 hrs NEW YORK – US stocks marked time Friday after three days of gains amid easing oil prices, a firming dollar and consumer spending and income figures in line with expectations. The Dow Jones Industrial Average fell 7.90 points (0.06 percent) [...]

Oil prices slide after US energy report Posted: 30 May 2008 0414 hrs NEW YORK: Oil prices fell sharply in volatile trade on Thursday as traders reacted to a weekly US energy report that revealed a slump in crude oil inventories. Prices had initially jumped higher in the wake of the report’s release, but values [...]

World oil prices rebound Posted: 29 May 2008 0440 hrs NEW YORK: World oil prices rebounded to around 131 dollars per barrel on Wednesday, reversing earlier losses in volatile trade amid lingering worries about stretched energy supplies, analysts said. Prices gained as British Prime Minister Gordon Brown warned the world was facing a “great oil [...]

US stocks surge as oil prices fall Posted: 28 May 2008 0543 hrs NEW YORK: US stocks closed in positive territory on Tuesday as oil prices fell sharply from last week’s record highs above 135 dollars a barrel, providing a respite to rising inflation concerns. The Dow Jones Industrial Average advanced 68.72 points (0.55 percent) [...]

Oil prices tumble from record heights Posted: 28 May 2008 0425 hrs NEW YORK: Oil prices tumbled further from recent record peaks on Tuesday as traders sold off positions amid growing fears about energy US energy demand, analysts said. They said a report showing a slump in US consumer confidence, marking the largest such fall [...]

Oil trades above US$132 a barrel in Asian trade Posted: 26 May 2008 1658 hrs SINGAPORE : Oil traded higher at more than 132 dollars a barrel Monday as the US summer driving season kicked off, underscoring concerns that output was inadequate amid rising demand. Tightness in the oil market has made prices sensitive to [...]

Oil eases below US$124 a barrel Posted: 13 May 2008 1125 hrs SINGAPORE : World oil prices eased further on Tuesday, trading below 124 dollars a barrel as a firmer dollar encouraged profit-taking in a market that remains well-supported, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, was 37 [...]

Oil prices extend record run, break US$126 Posted: 10 May 2008 0506 hrs NEW YORK : Oil prices briefly surged to a record high above 126 dollars on Friday, driven into uncharted territory by speculators trying to take advantage of global supply concerns, analysts said. Oil prices have rocketed to fresh record highs every day [...]

Oil hits record highs above US$126 Posted: 09 May 2008 2251 hrs LONDON : Oil prices hit a record high above 126 dollars on Friday, driven into uncharted territory by speculative interest amid concerns about tight global energy supplies, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, spiked as [...]

Oil prices hit record peaks above US$123 Posted: 08 May 2008 0407 hrs NEW YORK: World oil prices surged to fresh record highs above 123 dollars per barrel on Wednesday amid concerns about tight supplies and lingering unrest in oil-rich Nigeria, traders said. Oil prices have rocketed in recent months spurring concern that sharp price [...]