Saturday, February 7, 2009

Energy: Iraq oil minister predicts OPEC output cuts

Date: 7 FEB 2009 19:19:01 GMT

The Organization of Petroleum Exporting Countries, in an effort to
prop up flagging oil prices, is likely to agree to further production
cuts when its members gather next month, Iraq's oil minister says.

Friday, February 6, 2009

Oil ends down 2.4%, at $40.17 a barrel, on investors' continuing concerns about a drop in demand.

Date: Fri, 6 Feb 2009 14:54:05 -0500

Oil ends down 2.4%, at $40.17 a barrel, on investors' continuing
concerns about a drop in demand.

Energy: Oil futures fall more than 3% after grim jobs data

Date: 6 FEB 2009 13:47:04 GMT

Oil futures posted steep losses after the government reported that
nonfarm payrolls plunged in January by the largest amount in 34 years,
rekindling concerns about the severity of the U.S. recession.

Breaking News

Date: Fri, 6 Feb 2009 08:49:03 -0500

U.S. unemployment rose by 598,000 to 7.6 per cent in January, Labor
Dept. reports, the worst monthly job loss since 1974.

Energy: Forty dollars may be bottom for oil prices

Date: 6 FEB 2009 15:45:24 GMT

Crude oil prices have consistently traded above $40 over the past two
weeks, fueling expectations that the beaten down commodity has finally
stabilized around that level.

Thursday, February 5, 2009

Treasury's Geithner to unveil 'comprehensive' bank-rescue plan Monday

Date: Thu, 05 Feb 2009 16:02:45 -0500

Treasury's Geithner to unveil 'comprehensive' bank-rescue plan Monday
2/5/2009 4:00:43 PM EDT

Markets Thursday, 02/5/2009

Date: Thu, 5 Feb 2009 17:31:03 -0500

| Dow : 8063.07 up 106.41 | S & P : 845.85 up 13.62
|
| NASDAQ: 1546.24 up 31.19 | Bond (10Y): 2.91%, 107.00

MARKETS:
Stocks stage a rally
Wall Street climbs as hopes for government bailout plan lift
financials. Wal-Mart's January sales results help, too