Commodity Online NEW YORK: World oil prices nearly lost a dollar in early trade Monday and were trading below $105 a barrel at the New York Mercantile Exchange.
By Bill Bonner Europe's esperanto money has risen to $1.55. In terms of what a Dollar will buy in the United States, a Dollar is down around 25% so far this century
Crude oil futures prices fell on Friday as worries about supplies from a major export terminal in Iraq eased after a report that damages from an attack yesterday can be repaired quickly.
Commodity Online BAGHDAD: Oil exports from Iraq last February has shown a decrease of 3.5 million tones from January, country s Oil Ministry said.
U.S. Democratic presidential candidate Hillary Clinton questioned rival Barack Obama's experience in handling a national security crisis on Friday as polls showed her losing ground to Obama ahead of Tuesday's contests in Texas and Ohio.
Turkey pulled its troops out of northern Iraq on Friday, ending a major offensive against Kurdish PKK rebels that Washington feared could spread conflict through the region.
A statement by Turkey's armed forces General Staff denied any foreign influence on the decision, which came a day after U.S President George W. Bush urged a swift end to offensive.
Prince Harry, third in line to British throne,has been serving on the front line in Afghanistan with the British Army, the Ministry of Defense confirmed on Thursday.
President Mahmoud Ahmadinejad will make history when he arrives in Baghdad on Sunday, the first Iranian president to step foot in Iraq on a trip many see as symbolic of Tehran's new influence over its old foe.
Iraq on Tuesday condemned Turkey's incursion into northern Iraq to fight Kurdish guerrillas in the strongest terms so far and demanded an immediate end to what it called a violation of its sovereignty. The Turkish troops crossed the border last Thursday to root out PKK fighters who have used mountainous northern Iraq as a base for their fight for self-rule in the mainly Kurdish southeast of Turkey since the 1990s.
Turkish forces fought Kurdish guerrillas at close quarters as they advanced on a key PKK base in northern Iraq on Monday, and Baghdad warned a prolonged incursion could have serious consequences for the region.
The United States expects to have about 140,000 troops in Iraq even after completing a planned drawdown of combat forces in July, the Pentagon said on Monday.
Crude oil rose on Monday after Iran warned Western powers against further U.N. sanctions and amid concerns that Turkish attacks in Iraq may damage oil supplies.
Gold advanced on Monday to trade just below a recent historic high on investor buying, but pared gains later as the dollar rose against the euro, traders said.
U.S. crude prices rose on Friday, ending near $99 after the media reported Turkish forces have entered into the Northern region of Iraq on Thursday, media informed.
Recent signs that the world's biggest economy may be sliding into recession unsettled European and Asian stocks on Friday, and helped push the dollar to a near three-week low versus a basket of currencies.
Thousands of Turkish troops have crossed into northern Iraq in their hunt for Kurdish PKK guerrillas, a senior military source said on Friday, in an escalation of a conflict that could destabilize the region.
Defense Secretary Robert Gates said on Monday he backed a brief pause in U.S. troop reductions from Iraq once an initial pullout of five combat brigades has been completed in July.
ArcelorMittal, the world's top steelmaker, will invest $20 billion over the next 10 years to build two steel plants in India and is in talks for iron ore mines, a senior official said on Thursday.
U.S. President George W. Bush insisted on Monday he had plenty of unfinished business for his last year in office but he will leave some serious challenges for his successor in January, 2009. In his State of the Union address, Bush focused on passing an economic stimulus plan and cutting wasteful spending.
President Bush, standing before Congress one last time, urged the nation Monday night to persevere against gnawing fears of recession and stay patient with the long, grinding war in Iraq. He pressed Congress to quickly pass a plan to rescue the economy. We can all see that growth is slowing, Bush said in a blunt acknowledgment of rising food and gas prices, increasing unemployment and turmoil in the housing and financial markets.
As President George W. Bush addresses lawmakers and the American people in his final State of the Union speech tonight, among his goals will be to boost the nation's economy, reauthorize education and anti-terrorism surveillance laws, maintain active support for war in Iraq and diversify the nation's energy supply.
U.S. President George W. Bush accused Iran on Sunday of threatening security around the world by backing militants and urged his Gulf Arab allies to confront this danger before it is too late.
