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.
Saturday, February 7, 2009
Energy: Iraq oil minister predicts OPEC output cuts
Friday, February 6, 2009
Oil ends down 2.4%, at $40.17 a barrel, on investors' continuing concerns about a drop in demand.
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
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
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
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
Treasury's Geithner to unveil 'comprehensive' bank-rescue plan Monday
2/5/2009 4:00:43 PM EDT
Markets Thursday, 02/5/2009
| 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