Oil Prices Generate Winners and Losers
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With crude oil prices pushing to above $50 per barrel, the world is dividing into camps of winners and losers.
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MAKE hay while the sun shines, they say. Or, in the oil majorsâ case, pump oil while the price rockets. BP yesterday, and no doubt Shell tomorrow, are doing just that, with profits going through the roof
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Oil prices ended in negative territory  on Monday after dealers took profits from a nearly $2 surge  that had been triggered by export disruptions in Iraq and the  North Sea.
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With the stock market looking to start a fourth week of gains, another drop in oil prices gave aid to some stocks Monday but pulled the rug out from under others.
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While consumers, presidential candidates and the stock and bond markets are focused on oil prices, the oil traders themselves are more concerned about volatility.
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Oil prices fell sharply yesterday in what traders described as a wave of profit-taking after futures hit a new high above $55 a barrel and after gasoline futures fell sharply on indications of declining demand.
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If the global economy slows, oil prices will fall. But probably not until after March.
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Soaring per-barrel prices should have seen inflation soar, but as they hit their peak, it didn&#39;t happen. Here are some possible explanations.
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The world&#39;s major stock markets tried hard this week to ignore the proverbial elephant at the table -- record high oil prices -- but it is getting harder and harder to do so.
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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OPEC President Purnomo Yusgiantoro said oil prices are now being driven by fundamental factors rather than speculators. Hedge funds and other large speculators last week cut their bets
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LONDON : World oil prices retreated as they were unable to recover heavy losses caused by profit-taking ahead of the US presidential election.
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Oil prices dropped sharply today in what traders called a wave of profit-taking sparked by a steep drop in gasoline futures. In afternoon trading, November crude futures traded at US$53.
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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Experts are divided on the next move for crude futures, and even on the factors that influence them. NEW YORK  - The biggest two-day slide in oil prices since 1991 may have brightened faces on Wall
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By George Chamberlin , Daily Transcript Financial Correspondent. Stock prices rallied on Friday as oil prices continued to seesaw.
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Higher crude prices raise gasoline costs, increasing inflation, and lowering crude prices.