Drop in price of oil gives boost to financial markets
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Oil prices plunged to $50.13 yesterday, capping a 10 percent fall from record highs set last week and easing worries about high energy prices in financial markets.
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Oil prices dipped on Thursday, after jumping to a lifetime high of $100 the day before, fuelled by expectations of thinning U.S. stockpiles, the falling dollar and geopolitical risks.
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Oil bounced back above $70 on  Wednesday after touching a 10-week low the day before, halting  a steep two-day slide as traders looked ahead to an expected  decline in U.S. crude and gasoline stocks and fretted over  Iran.
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Oil prices dipped on Thursday, after leaping to a lifetime high of $100 the day before, fuelled by expectations of thinning U.S. stockpiles, the falling dollar and geopolitical risks.
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Oil jumped to near $91 a barrel on Friday, lifted by a broad stock market rally amid optimism about a U.S. economic stimulus plan aimed at warding off a recession in the world's top energy consumer.
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NEW YORK - A drop in oil prices and reassuring words from the Federal Reserve sent stocks higher Monday, raising hopes that Wall Street would be able to extend its recent rally.    Investors were cheered by a dip in oil prices, which backed off the $50 per barrel mark at Friday's close of trading...
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The FTSE 100 has jumped on relief over weaker oil prices, an unexpected reprieve for the economic outlook, and for big fuel consumers such as British Airways.
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World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
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Oil prices dipped on Thursday after  leaping to a lifetime high of $100 the day before amid a  new-year rush of investor demand fuelled by expectations of  thinning U.S. stockpiles, the falling U.S. dollar and  geopolitical risks.
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Oil prices bounced from a three-month  low on Monday as traders eyed signals from OPEC that it may  take action to stem a slide that knocked 14 percent off crude  prices last week.
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TORONTO (CP) - A drop in oil prices on reassurances of a steady supply of crude gave stock markets a boost Tuesday. The price of crude oil futures for October delivery on the New York Mercantile Exchange dropped 68 cents to $43.
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A decline in the price of oil helped lift U.S. stocks to their highest level in two-months on Tuesday.
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Stocks gained on Wednesday, helped by gains in energy shares as oil prices neared $73 a barrel and a rebound in beaten-down financial shares a day after a sharp sell-off on worries about a crisis in the subprime mortgage industry.
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The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said.
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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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by dip in oil prices. BY TOM VAN RIPER. A plunge in oil prices propelled stocks to big gains yesterday, with the Dow closing above 10,000 for the first time in two weeks.
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A decline in the price of oil helped  lift U.S. stocks to their highest level in two-months on  Tuesday.