Oil prices drop, stocks rise on light pre-holiday trading
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By George Chamberlin , Daily Transcript Financial Correspondent. Stocks moved modestly higher Monday. Investors are likely to do little trading this week because of the Thanksgiving holiday.
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Stocks rose modestly in light holiday trading Monday as investors awaited the impending tide of third-quarter profit reports, hopeful the news would override worries about record oil prices and a sputtering recovery.
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Oil prices dropped from record highs  above $50 a barrel on Wednesday as weekly U.S. inventory data  showed a surprise increase in crude stocks, easing fears over  stretched international supplies.
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U.S. stocks declined on Thursday as  oil prices climbed, stoking concerns of higher energy costs  squeezing corporate profits, although Apple Computer Inc.  AAPL.O surged after beating Wall Street estimates.
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Wall Street shares got a lift Tuesday coming out of a holiday weekend from a drop in crude oil prices in New York and upbeat economic news from Japan and Germany.
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U.S. stocks finished slightly higher  on Monday in light holiday trade before the rush of  third-quarter earnings later this week, but a jump in the price  of oil to a record near $54 a barrel limited gains.
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Stocks slipped at the opening on Friday as oil prices topped $61 a barrel, boosting inflation worries.
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Oil prices fell on Tuesday as an expected increase in US heating fuel supplies eased concerns over an inventory crunch should this winter&#39;s weather prove colder than normal.
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Oil prices fell more than a dollar on  Wednesday as U.S. data showing builds in crude and product  inventories unwound fears for winter fuel shortages.
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U.S. stocks rose on Thursday as crude oil prices fell below $62 a barrel and a drop in weekly claims for jobless benefits suggested a healthy labor market a day before a key unemployment report.
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Oil prices dropped nearly 6.5 percent  in thin holiday trade on Monday as forecasts of a return to  mild winter weather in the U.S. Northeast eased worries about  heating oil supplies.
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U.S. stocks opened higher on Thursday, aided by a dip in oil prices below $62 a barrel, as investors awaited Friday's November jobs report and any news that may shed on the economy.
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Oil prices fell on Wednesday as a U.S.  government report showing an expected decline in lean winter  heating fuel stocks was not enough to jolt the market out of a  steep recent slide.
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Oil prices were little changed on Friday, holding around $59 a barrel after tumbling on a build in crude stocks, but trade was muted by a U.S. holiday.
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U.S. stocks advanced on Monday as   crude oil prices fell below $60 a barrel, lifting optimism   about spending and profits.
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Stocks dropped 1 percent on the first trading day of the new year on Wednesday after U.S. factory activity data underscored concern about the economic slowdown and oil near $99 a barrel renewed worries about the impact of energy costs on consumer spending.
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NEW YORK - Another drop in oil prices and belated reaction to last week's employment report sent stocks higher to start the holiday-shortened week Tuesday as investors saw the news as a sign of new economic strength.    Investors rallied around falling oil prices as a sign that the summer's run on crude oil futures was over, boosting the chances for an autumn rally in stocks...