Big oil taking political beating ahead of earnings
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Eye-popping profits earn respect on  Wall Street but the billions big oil companies reaped in the  fourth quarter are raising the wrath of U.S. presidential  candidates trying to cater to voters' pocketbooks.
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NEW YORK - Investors extended their blue chip selloff Thursday as oil prices neared their all-time highs, renewing Wall Street's concerns that high energy costs would deflate third-quarter earnings. Only the Nasdaq composite index managed a minimal gain...
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Heading into the heart of earnings season next week the expected results look robust, but a slowing of future profit growth and the impact of surging oil prices on the economy could conspire to hold down stocks.
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LONDON : World oil prices retreated as they were unable to recover heavy losses caused by profit-taking ahead of the US presidential election.
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Record crude oil prices, a tidal wave  of quarterly earnings reports and anxiety ahead of the  presidential election may pin U.S. stocks down this week.
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NEW YORK - Stocks clung to a slim advance Wednesday despite a new record high for oil as investors sifted through profit warnings and awaited the government's jobs creation report at the end of the week.    With rising energy costs threatening to dent consumer spending and corporate profits in the period ahead, oil and jobs have competed for the attention of traders on Wall Street...
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The record price of oil has ruled Wall Street for months now and next week investors will get a close look at just who has profited the most from black gold's big run.
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Soaring oil prices trumped positive earnings news today, and stocks plunged as investors rushed to take profits on new fears that the market is in the midst of a commodity bubble.
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NEW YORK - Wall Street&#39;s pre-election jitters left the major stock market indexes with only modest gains Monday, even as crude-oil futures fell near the $50-per-barrel mark.
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A new reporting period for company earnings kicks into gear next week, giving investors a bit of hard data to chew on, and markets could be volatile if the price of crude oil stays north of &#36;50 a barrel.
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Oil prices extended recent heavy losses  on Wednesday ahead of weekly U.S. data expected to show fuel  stocks rising in time for peak winter demand.
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NEW YORKâCrude oil futures finished a tad higher yesterday, as an early rally succumbed to a late wave of profit taking. The early rally was triggered by news of a pipeline explosion in Iraq and fresh concerns
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Hedge funds have fueled oil&#39;s meteoric rise to record highs near $50 a barrel, but deprived of profit opportunities elsewhere, they look set to stay in the commodity for now, analysts said Monday.
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Oil fell after surging to a record high above $90 a barrel earlier on Friday as tight fuel stocks ahead of winter and a softening U.S. dollar spurred investor buying.
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NEW YORK : Wall Street suffered a heavy bruising as oil prices soared to record highs igniting fresh fears about US economic growth amid uncertainty over the deadlocked presidential election.
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NEW YORK - Wall Street shares took a beating yesterday as a fresh surge in oil prices dented sentiment among investors already fretting about the coming corporate earnings season.
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Eye-popping profits earn respect on Wall Street but the billions big oil companies reaped in the fourth quarter are raising the wrath of U.S. presidential candidates trying to cater to voters' pocketbooks.