Oil price surge hits Wall Street
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Oil prices rise for the fifth day in a row amid continuing worries over the level of US stocks.
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Wall Street extended its rally yesterday as a sharp drop in oil prices and a surprise jump in the nation&#39;s Gross Domestic Product encouraged more buying.
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World oil prices surged almost a dollar  on Friday on worries that the ongoing storm season in the U.S.  Gulf would continue to hamper energy production and imports,  delaying vital pre-winter stock building.
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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 : US stocks surged higher as Wall Street cheered Kmart&#39;s 11 billion dollar merger with Sears, although a spike in oil prices capped the gains.
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The price of New York crude hit a new record peak above 81 dollars on Tuesday ahead of a US interest rate call and as traders fretted over US energy supplies in the winter season.
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Oil prices surged more than two dollars  on Wednesday as the U.S. government reported a fall in heating  oil stocks and cold weather gripped the U.S. Northeast, the  world's biggest heating fuel market.
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Oil prices surged to a new high above  $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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NEW YORK - Oil prices reached a new high and sent stocks lower Monday, but with trading on Wall Street light and losses only moderate, investors seemed to be coming to terms with near-$50 per barrel crude.    After setting a new all-time record settlement price of $48.88 on Friday, oil continued its march higher on Monday, renewing fears on Wall Street that the slowdown in profits and the economic recovery would extend through the end of the year due to high energy costs...
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Stocks moved higher in a late-session buying surge yesterday, as oil prices stepped back from their highs and investors shrugged off mixed economic data, focusing with renewed optimism on the government&#39;s upcoming jobs report.
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The Dow Jones industrial average hit an all-time high on Tuesday, surpassing the previous record set in 2000, as investors bet that sliding crude oil prices will stimulate consumer spending and lift profits.
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British blue chips rose as a spike in the price of oil offset initial enthusiasm over better-than-expected US jobs data.
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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.
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The price of New York crude surged to a new record high of 81.80 dollars a barrel on Tuesday ahead of a US interest rate call and as traders fretted over tight energy supplies in the United States.
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The price of oil surged yesterday on news that US inventories had fallen for the third week in a row.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed over a  $1 a barrel as traders took profits from the surge.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed more  than a $1 a barrel as traders took profits from the surge.