Oil pares losses after Fed rate cut
444567
Oil fell a dollar Tuesday amid intensifying worry over the health of the U.S. economy, but traders cut the market's losses after the Federal Reserve slashed interest rates by 75 basis points in a surprise move aimed at averting recession.
621956
Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, giving the Federal Reserve good news as it weighs an interest rate cut.
267587
The dollar fell to new lows against the euro, offsetting the positive effects of lower oil prices and a seemingly revitalized U.S. jobs market.
564018
Oil dropped more than $2 a barrel on Friday, joining a slump across the commodities markets amid concern higher interest rates could slow economic growth and cool demand.
225280
Oil prices slid on Monday, drifting toward $90 a barrel as a weak close on Wall Street spurred some profit taking, although expectations that OPEC will maintain its production curbs this week limited losses.
413548
Oil prices fell Tuesday after losing nearly $2 a barrel the day before amid easing concerns about the possibility of more production cuts by OPEC members.
323597
OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
181720
Oil shrugged off early losses to head back near $80 on Monday, within sight of its record high, as the market focused on a Federal Reserve meeting that is widely expected to cut interest rates.
639564
Stocks recovered from deep losses on Wednesday, amid talk that the Federal Reserve would act to cut the discount rate, the same day that Merrill Lynch rattled markets with its first loss in nearly six years.
1989
The Federal Reserve cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.
426039
Oil cut some of its losses to trade around $89 a barrel on Tuesday after the U.S. Federal Reserve took emergency action to help prevent the world's biggest fuel consumer from tipping into recession.
543653
Oil fell more than three dollars from its record high on Tuesday in a broad commodity sell-off sparked by uncertainty over how aggressive the U.S. Federal Reserve will be in fueling economic growth with further interest rate cuts.
337584
Oil retreated below $89 on Wednesday after making a nervous recovery as an emergency U.S. interest rate cut halted a global financial market sell-off but failed to halt recession fears in the world's top oil consumer.
626819
Oil fell on Thursday as traders took profits from a record rally that had pushed oil to the psychological $100 a barrel mark two days in a row -- a level that has raised a red flag over economic growth.
117575
Oil prices eased below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second supply cut by OPEC and news of deepening Saudi export curbs.
26591
Recession worries pushed U.S. stocks lower on Tuesday, but the decline was shallower than feared at first as an emergency interest rate cut by the Federal Reserve helped to ease investor fears and stabilize global markets.
124959
Oil fell below $88 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.