oil prices

Oil remains below $50

admin — Tue, 02 Dec 2008 09:38:16 -0600

Oil prices remained below $50 a barrel Tuesday, after dropping below that mark the previous day, on concern about slowing global demand.

What will OPEC do next?

admin — Fri, 28 Nov 2008 11:27:24 -0600

OPEC ministers are meeting to discuss plummeting oil prices. Each member brings a different agenda, so agreeing on the next step might be difficult. Stacey Vanek Smith reports.

Cheap gas thwarts Pickens' wind farm

admin — Wed, 12 Nov 2008 12:22:29 -0600

Earlier this year, T. Boone Pickens announced a grand plan to build the world's biggest wind farm and help wean the country off gasoline. Now that oil prices have tanked, he's putting the plan on hold. Sam Eaton reports.

Oil blows past $70 as stocks rally

admin — Tue, 04 Nov 2008 12:45:25 -0600

Oil prices rose above $70 a barrel Tuesday, propelled by a slipping dollar, a stronger equities market and OPEC production cuts, as Americans went to the polls.

Will dropping oil prices weaken Russia?

admin — Mon, 27 Oct 2008 16:08:42 -0500

As oil prices increased, so did Russia's stock and status. Now that oil is slumping, Russia's position and power on the international stage are diminishing. Stephen Beard has the story.

Oil sinks to 17-month low

admin — Mon, 27 Oct 2008 06:05:00 -0500

Oil prices fell to 17-month lows below $62 a barrel Monday in Asia as investors weighed Friday's OPEC output cut against growing evidence of a severe global economic slowdown that would undermine crude demand.

OPEC cuts production, oil hits 17-month low

admin — Fri, 24 Oct 2008 15:01:04 -0500

Oil prices fell Friday to their lowest point since May 2007 as investors were unimpressed by a decision from the world's largest oil cartel to slash production targets.

Oil dips to $68 as inventories rise

admin — Wed, 22 Oct 2008 11:13:54 -0500

Oil prices remained sharply lower Wednesday after the government reported a greater-than-expected rise in crude stockpiles - an indicator that the slow economy may have impacted demand for fuel.

Stocks slump on recession fears

admin — Wed, 22 Oct 2008 10:29:51 -0500

Stocks slumped Wednesday morning as slumping oil prices, Wachovia's huge loss and other grim corporate earnings exacerbated recession fears.

Building a bulwark against volatility

admin — Mon, 20 Oct 2008 00:01:00 -0500

Oil prices will likely rise again, so the US Oil Fund looks like a good place to place my bet. I'm also adding a hedge against market volatility with a stake in the Japanese Yen.