Oil fuelled a thriving economy
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If the loonie&#39;s remarkable run above 85 cents US had occurred in isolation, this story might have had quite a different ending.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
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This oil company has the chops to make a good investment.
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The FTSE 100 ended the week on a positive note thanks to a powerful performance from the heavyweight oil sector.
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Oil prices surged to a new high of $47 a  barrel on Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand. Fresh threats by rebel militia in Iraq  against oil facilities helped underpin price gains.
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NEW YORK -- Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
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With the world so focused on the rising price of a barrel of light crude oil, it&#39;s a wonder that people even get into their cars and drive around anymore.
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ExxonMobil reaps the benefits of rising energy prices yet again.
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US industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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As 2004 draws to a close, it should come as heartening news that this past year was one of the most prosperous in history. Not because the American economy grew by a solid 4.3 percent.
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The No. 2 U.S. oil company reported a rise in quarterly profit pumped up by record oil and gas prices and gains on asset sales.
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Oil prices surged above $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and new  reports of  rebel militia attacking Iraqi oil facilities.
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The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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Oil prices extended gains over &#36;71 on  Friday, buoyed by healthy U.S. economic growth that hinted  recent record prices may not hit robust demand.
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Oil prices struck a fresh record high  above $47 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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A buoyant energy sector combined with a minor rally on Wall Street helped the FTSE 100 close in positive territory on Thursday.
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Stocks turned positive on Wednesday after rising oil prices pushed energy shares higher in light volume.