Crude Drops for Second Day as China Increases Interest Rates
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Crude oil futures fell, posting their biggest two-day decline in London in two months, after China&#39;s central bank raised interest rates for the first time in nine years in an attempt to stem inflation.
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The stock market tumbled for a second day over fears that inflation is not settling down enough to satisfy the Federal Reserve.
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Crude futures sold off sharply for a second day in row Thursday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and the lack of cold weather.
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Chinese stocks fell Thursday for a second straight day after the government raised a tax on trading in an effort to cool a market boom amid fears of a price bubble.
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Oil extended its retreat from record  highs on Thursday, taking two-day losses to six percent after  an unexpectedly large rise in U.S. crude inventories spurred  speculative funds to take profits.
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Oil prices fell Wednesday morning after government data showed that the nation&#39;s crude supply grew for the second week in a row.
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Oil prices fall by more than $2 after Cyclone Gonu weakens in the Gulf and amid concerns about higher interest rates.
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U.S. stocks rose modestly on Thursday  as another slip in oil prices offset a decision by China's  central bank to raise interest rates.
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Oil prices made fresh gains on Friday  after leaping almost $2 a day earlier the U.S. government said  crude stocks sank for the sixth straight week last week and  distillate fuels barely grew ahead of winter.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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LONDON: World oil prices fell strongly yesterday for the second day running as worries over supply disruptions eased with traders claiming overnight pipeline attacks in major producer Iraq were unlikely to affect the country&#39;s crude exports.
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Crude oil prices fell sharply for a second day Thursday as traders focused on rising fuel supplies and the warmer-than-normal weather in the United States.
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Oil prices fell from record peaks for a  second session on Wednesday as traders took profits from a  searing rally on signs that high prices are finally starting to  dampen demand.
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Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and promising a woeful start for Wall Street as investors dumped assets exposed to the risk of a global economic slowdown.
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U.S. stocks tumbled for a second day  on Thursday as Middle East violence pushed oil to a record and  drove investors to safe-haven assets, such as bonds and gold.
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A rise in crude oil prices for a second day, a stalled recovery in the dollar and a crop of warnings in the chip sector were set to push Wall Street lower at Thursday&#39;s opening.
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China&#39;s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.