Unemployment rate rises to 8.1% - highest since 1983, government says.
Employers have shed 1.3 million jobs in 2009.
Friday, March 6, 2009
Unemployment rate rises to 8.1% - highest since 1983, government says. Employers have shed 1.3 million jobs in 2009.
Energy: Oil rises nearly 2% as dollar falls, stock futures gain
Oil futures gain nearly 2% Friday, as dollar weakness and expectations
of further output cuts by the OPEC oil cartel appeared to outweigh
data showing that U.S. employment soared to the highest rate in over
25 years.
Thursday, March 5, 2009
Oil settles down 4%, at $43.61 a barrel, as deteriorating outlook heightens expectations that fuel consumption will shrink.
Oil settles down 4%, at $43.61 a barrel, as deteriorating outlook
heightens expectations that fuel consumption will shrink.
Energy: Oil stocks swing lower as crude, broad market head south
Weaker crude-oil prices put energy stocks on a lower trajectory in
morning activity, carving into gains from the previous session's rally
as hopes for another big stimulus package in China were dashed by the
nation's leaders.
Wednesday, March 4, 2009
Oil ends up 9%, at $45.38 a barrel, on signs of a crude oil supply drop and increasing demand from China.
Oil ends up 9%, at $45.38 a barrel, on signs of a crude oil supply
drop and increasing demand from China.
Energy: Oil futures surge 6% fueled by global stock gains
Oil futures surge 6%, buoyed by gains on global stock markets and
hopes that China will drag the global economy out of recession.
Monday, March 2, 2009
Energy: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in
Tuesday's session are AutoZone, Xilinx, General Motors, Ford and MBIA.