Market Place: OilÂs Rout Outpaces Its Advance
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As crude oil prices have plunged, many traders say they have been dumping and short-selling stocks and futures contracts.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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Oil prices above $50 a barrel â-nd rising â - now starting to adversely affect the economy and consumers in ways that had not been happening only a few months ago.
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Just at the moment the U.S. economy could use a boost, the recent surge in oil prices is having the opposite effect.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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Oil edged lower on Thursday, but kept within sight of the previous day's all-time high above $80, as investors stayed locked into the market for the long haul.
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Oil companies' shares got a modest boost as crude oil prices touched a record $100 per barrel on Wednesday, but some analysts do not expect that to trigger a rally in energy's biggest names.
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Oil prices surged within touching distance of record highs after an unexpected fall in US crude stockpiles fanned supply fears.
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Oil is now down almost 15% in a week. Isn&#39;t this what people were complaining about two weeks ago when oil was marching toward $50 a barrel?
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LONDON  - Oil prices firmed, rising briefly above 50 dollars in New York, supported by supply disruptions to operations in the North Sea, making markets nervous heading into the northern winter.
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Oil prices have continued their record-breaking run on Wednesday, busting through the $47-mark amid concerns that demand will outstrip supply.
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The price of crude oil moves back above the benchmark $50 a barrel mark as production facilities in the Gulf of Mexico remain down.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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When oil prices rise, public interest in alternative energy often does, too. But the logic is evidently escaping Wall Street.
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Oil prices surge past $70, hitting their highest level in 10 months on concerns about short-term supply.
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NEW YORK - Stocks were narrowly mixed Tuesday as oil prices remained higher and Wall Street weighed a lackluster report on retail sales, but light volume showed that many investors remained on the sidelines.    With Hurricane Ivan threatening oil rigs in the Gulf of Mexico, crude futures moved higher for the second straight day, but the possibility of an increase in output from OPEC took the edge off investors' concerns...
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NORTH Sea Brent crude surged through $50-a-barrel for the first time yesterday, as a four-day general strike began in oil-rich Nigeria and the market fretted about out-of-action capacity in the Gulf of Mexico.