oil prices – News Stories About oil prices - Page 20

Oct 16, 2007 3:39 PM CDT

Stocks Slide for a Second Day

Bernanke speech, oil prices send markets down again

(Newser) - Stocks slid today for a second consecutive session following an ambiguous speech by Ben Bernanke and record-busting oil prices that topped $88. The Fed chairman offered a so-so assessment of the markets but no clues about rate cuts. The Dow fell 71.86 to 13,912.94, the S&P...

Turkey's Threats Send Oil
to Record High Near $88

Oct 16, 2007 8:32 AM CDT

Turkey's Threats Send Oil to Record High Near $88

Many fear disruption of Kurdish pipelines

(Newser) - Crude oil hit yet another record today, trading near $88 a barrel over fears that a looming Turkish attack on Northern Iraq would disrupt pipelines in the world’s third-largest oil producer. Turkey’s PM said he expected parliament to approve an incursion to root out PKK militants in the...

Stocks Dive on Citigroup News

Oct 15, 2007 3:40 PM CDT

Stocks Dive on Citigroup News

Only energy stocks advance, with oil briefly hitting $86 a barrel

(Newser) - Stocks fell more than they had in over a month today after Citigroup reported a 57% third-quarter loss. Of the S&P's 10 industry groups, only energy advanced, with oil closing at a record $86.13 a barrel. The Dow lost 108.28 to close at 13,984.80, the...

Supply Worries Send Oil Near $80 a Barrel

Sep 12, 2007 3:38 PM CDT

Supply Worries Send Oil Near $80 a Barrel

US inventory drops, and OPEC production boost won't cover shortfall

(Newser) - Crude oil hit nearly $80 a barrel today—its highest price ever—thanks to dwindling supply. US inventories fell by 7M barrels last week, much more than the 2.7M analysts predicted. OPEC announced a production increase of only 500K barrels, which Bloomberg reports will not meet seasonal demand increases....

OPEC Surprises Market With Boost in Oil

Sep 11, 2007 8:36 PM CDT

OPEC Surprises Market With Boost in Oil

Lends hand to world economy dragged by US credit-market crisis

(Newser) - OPEC surprised traders today by boosting oil production for the first time in a year, Bloomberg reports. Concerns over the U.S. market crisis dragging down the world economy inspired the spike of 500,000 barrels a day. The US reportedly prodded Saudi Arabia to overcome the opposition of other...