Brent crude oil prices rose above $112 a barrel in choppy trade on Monday as investors weighed reassurances from Saudi Arabia that extra supply needs were being met against the prospect that disruption of Libya's output could be prolonged.
US stocks opened higher in early trade on Monday, with S&P 500 Index gaining 7.54 points, or 0.57 percent, to trade at 1,326.97 at 09:55 a.m. EST. The Dow Jones Industrial Average is up 76.82 points, or 0.63 percent, to trade at 12,207.27. The Nasdaq Composite Index rose 0.49 percent to trade at 2,795.40.
Gold rose to $1,413 an ounce in Europe on Monday as turmoil in the Middle East region lifted safe-haven buying and fueled a fresh spike in oil prices, stoking concerns over U.S. growth and knocking the dollar.
Stock index futures pointed to a higher open on Monday after bullish comments from a Federal Reserve official eased concerns that high oil prices could hurt economic activity.
Stock index futures were higher on Monday after bullish comments from a Federal Reserve official about the economy, easing concerns that high oil prices could hurt economic activity.
Libyan leader Muammar Gaddafi's confidant, described as a voluptuous blond Ukrainian nurse, has deserted him amid violent protests in the country demanding his ouster.
Oil prices turned lower on Monday as reassurances from Saudi Arabia that extra supply needs had been met soothed market fears over the spread of protests to oil-producer Oman.
The 'benevolent Arab monarchs' of the Middle East are hurriedly loosening their purse strings as long-simmering disgruntlement over the lack of political reform and equitable economic opportunities threaten to destabilize long entrenched regimes in the region.
A Youtube video spoofing Libya’s leader Muammar Abu Minyar al-Gaddafi, or Colonel Gaddafi, is making waves across the internet.
Sudanese riot police and security agents surrounded organisers of a protest against alleged election fraud on Sunday, witnesses said, in the latest sign of a clampdown following uprisings across the Arab world.
Libyan rebels awaited a counter-attack by Muammar Gaddafi's forces on Monday, after the country's leader defied demands that he quit to end the bloodiest of the Arab world's wave of uprisings.
U.S. stock index futures pointed to a lower opening on Wall Street on Monday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.13 percent and Nasdaq 100 futures down 0.27 percent at 4.17 a.m. EST.
U.S. stock index futures pointed to a lower opening on Wall Street on Monday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.13 percent and Nasdaq 100 futures down 0.27 percent at 4.17 a.m. EST.
Oil prices advanced on Monday as protests in Oman raised concerns about supply from the Middle East, though world stocks rose and were on track to post their third straight month of gains on an improving growth outlook. Copper prices extended the previous session's 3 percent gains after an earthquake in top producer Chile, though benchmark U.S. 10-year Treasuries were also in demand, sending yiel...
Brent crude rose on Monday, crossing $114 a barrel, as protests in Oman fueled concern about security of supply from the Middle East and North Africa even as top exporter Saudi Arabia pumps more.
Brent crude rose more than $2 a barrel to a high of $114.50 on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.
Asian shares on Monday slipped back toward a three-month low hit last week, with emerging Asian equities seen likely to keep lagging developed markets as investors fret about risks from inflation.
Brent crude rose more than $2 a barrel on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.
London crude prices extended gains by more than $1 to near $114 a barrel in electronic trade on Monday, as worries over the worsening situation in Libya fed spreading unrest in the Middle East and stoked fears of a disruption of oil flows in the region.
An international refugee crisis is developing on the Libya-Tunisia border as thousands of people are pouring into Tunisia, fleeing the carnage in neighboring Libya.
The full text of resolution 1970 (2011) adopted by the UN Security Council on Feb. 26, 2011 imposing sanctions on Libya.
The UN Security Council passed a resolution to impose sanctions against the Gaddafi-led Libyan government and initiate a probe against the bloody crackdown of anti-government protesters.