Oil settles below $60 a barrel for first time since May 19, marking a
10% tumble for the week - biggest weekly drop since January.
Friday, July 10, 2009
Oil settles below $60 a barrel for first time since May 19, marking a 10% tumble for the week - biggest weekly drop since January.
Thursday, July 9, 2009
Energy: Energy stocks test the plus column
Energy stocks open higher, with shares of petroleum producers and
refiners recovering from four straight days of losses.
Wednesday, July 8, 2009
Stocks in Argentina fall after cabinet shuffle
Stocks in Argentina tumble after a cabinet reshuffle last night soured
investor sentiment and indicated that the government doesn't intend to
change policy direction.
Energy: Crude drops further as distillate stockpiles rise
Crude-oil futures extend their losing-streak, briefly falling below
$62 a barrel, after industry data shows that stockpiles of distillates
rose more than expected in the previous week.
Tuesday, July 7, 2009
Energy: Senate cap-and-trade debate starts with a clash
A Senate hearing about a proposed 'cap-and-trade' system for reducing
greenhouse gases gets off to a contentious start as Republicans attack
the system as a giant tax hike on consumers
Monday, July 6, 2009
Clash in China oil-rich region leaves 156 dead
Unrest in Urumqi, the capital of China's strategically important
Xinjiang region, has killed 156 people, state media says.
Energy: China Petroleum bids $14.5 billion for YPF stake
China National Petroleum Corp. is reportedly offering up to $14.5
billion for a majority stake in the Argentine unit of Spanish oil
company Repsol.