Crude oil plunged below $37 a barrel after the U.S. government reported crude stockpiles jumped the highest since August 2007 as demand for fuel shrinks.
Crude oil slumped below $37 a barrel on Tuesday to mark its largest decline in one month on expectations that U.S. supplies have increased due to low demand.
Five Somali pirates who freed a hijacked oil-Saudi supertanker died Saturday after their boat capsized with a reported $3 million ransom in the Gulf of Aden, the Associated Press reports.
Crude oil futures plunged on Wednesday 12 percent - its most in seven years - after a report revealed U.S. supplies of crude, gasoline and distillate fuels rocketed as demand declined.
NSAWKAW, Ghana - Electors in the last constituency to vote in Ghana's presidential run-off delivered a further blow on Friday to the ruling party, which was already trailing narrowly in the election and boycotted the final ballot.
Gold futures rose above $930 an ounce on Friday to the highest price in a month as crude oil hit a record high and the U.S. dollar continued to weaken, boosting the investment appeal of the precious metal as a hedge against inflation.
Frugal drivers these days scour the roads for gasoline under $4.00 per gallon in the hopes of getting the most from their fill-up dollar. But it’s not just the amount of gasoline per dollar that matters anymore. Attention has increasingly
Gold futures edged lower on Friday but managed to close the week with a gain of almost 4 percent as oil prices continued to soar and weakness in the U.S. dollar boosted the demand for a hedge against inflation.
U.S. stocks fell on Friday, extending the biggest weekly retreat since February and placed the market on track for weekly losses as crude oil resumed its surge to top $133 a barrel.
Gold futures ended sharply lower on Thursday, down from a one-month high as the dollar rose against other major currencies and crude oil dropped from a record, eroding the appeal of the precious metal as a hedge against inflation.
Crude oil hit the record above $131 a barrel on Wednesday as crude inventories in the U.S. fell more than expected on the week ended May 16.
Despite cool weather along the East Coast over the past several weeks, Memorial Day weekend, the unofficial start to the summer driving season is upon us. Some may interpret recent increases in gasoline prices as yet another manifestation of a
U.S. stocks fell for a second day, as oil prices surged past $132 a barrel after data showed a drop in crude supplies which boosted concerns that inflation will affect the rate at which U.S. consumes, while financial companies fell on concern computer errors at Moody's Investors Service may result in bond downgrades.
Crude oil prices rose for the first time above $129 a barrel in New York as investors fear supplies are insufficient to meet global demand, and as major firms rose its forecasts for oil prices.
U.S. stocks plunged on Tuesday after oil soared to nearly $130 a barrel fueling concerns that commodity prices will further dampen U.S. consumption levels, while analysts forecast more credit losses and faster inflation.
Crude oil soared to a new record high on Friday above $127 a barrel, after Goldman Sachs significantly increased its projections for oil prices while trader's feared demand for distillate fuels from China will increase next month.
U.S. stocks fell on Friday for the second day this week, after reports showed consumer confidence plunged to a 28-year low while crude oil soar to another record high,
Crude oil fell on Monday from a record over $126 a barrel as slumping crude imports from China concerned investors that recent high prices may be weighing on demand.
Northwest Airlines Corp. said Friday it plans to raise round-trip ticket prices $20 to offset fuel prices, bringing the total surcharge on domestic fares to $65 each way.
Gold futures gained on Friday to close at their highest level since late April and sealed a weekly gain after crude oil surged to a record price above $126 a barrel and weakness in the U.S. dollar.
Gold futures rose for a third straight session after the dollar fell against the euro and oil surged to a new record above $122 a barrel, boosting the appeal of the precious metal as a hedge against inflation.
Gold futures rose on Monday, rebounding from posting losses in three consecutive weeks, as the dollar dropped against the euro and crude oil hit a new record.
