A Decline in Oil Prices Spurs a Late Rally in Share Prices
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A drop in oil prices spurred an afternoon stock rally yesterday, bringing investors back into the market despite lingering concerns over the strength of the dollar and the nation&#39;s trade deficit.
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A welcome slide in oil prices set off a relief rally on Wall Street Friday, with stocks posting a healthy advance as crude approached but then fell back from the $50 a barrel mark.
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Investors moved back into equities in   September thanks to the fall in oil prices and the pause in the   U.S. Federal Reserve's rate hike cycle, the Merrill Lynch poll   of fund managers showed on Tuesday.
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OIL prices fell again yesterday as forecasts of mild weather in the United States prompted traders to take profits from a rally that has added more than 30 per cent to the cost of crude this year.
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After a month-long rally that repeatedly pushed oil prices to new highs, the cost of a barrel slumped for the fourth day in a row, dropping by nearly $2 to below $44.
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Investors will watch for oil news from Russia and Iraq next week, but skepticism that crude prices can stay sky-high is growing and a break in the energy market would fuel a rally in U.S. stock markets.
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The Standard &amp; Poor&#39;s 500-stock index slipped from a three-year high, dragged lower by energy shares including Exxon Mobil as crude-oil prices dropped to their lowest in almost two months.
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With the stock market looking to start a fourth week of gains, another drop in oil prices gave aid to some stocks Monday but pulled the rug out from under others.
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Shares shuffled to a mixed finish yesterday, rebounding from earlier lows as oil prices retreated after surging past $50 a barrel.
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An unexpected dip in oil prices - just hours after crude pushed past $54 per barrel - cheered investors Tuesday, moving stocks off their lows in late trading and keeping the major indexes mixed.
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NEW YORK - A sharp drop in oil prices gave Wall Street a small relief rally Monday, with stocks regaining ground after falling earlier in the session.    While oil prices topped $55 per barrel in pre-market trading, the latest production report from OPEC - showing oil production at 25-year highs - deflated futures trading substantially...
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Stocks rallied in quiet trading Wednesday as oil prices fell for a third straight day and countered a pair of government reports that gave a mixed picture of the economy.
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NEW YORK A large build in the nation&#39;s energy inventories has oil prices plunging. That, combined with increased consumer spending and good news on manufacturing, has stocks in rally mode.
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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NEW YORK - A welcome slide in oil prices set off a relief rally on Wall Street Friday, with stocks posting a healthy advance as crude approached but then fell back from the $50 a barrel mark. The major indexes all ended the week higher...
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The price of oil dropped almost 8 percent this week, amid signs that some of the speculators who pushed the price close to $50 a barrel have bailed out.
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A sharp drop in oil prices gave Wall Street a modest relief rally yesterday, with stocks edging higher on news that oil production had soared during the month of September.