Oil stocks slide as Ivan approaches
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DALLAS (CBS.MW) -- Oil stocks continued to sink in Wednesday afternoon trading as Hurricane Ivan forced widespread production shutdowns in the Gulf of Mexico, but service shares rallied after reports of significant declines in crude supplies.
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U.S. stocks were poised to open lower  on Monday as oil prices hit a record high, fuelingconcerns that  energy costs will squeeze economic growth.
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Record oil prices and a decline in the dollar have stocks dropping. The Dow Jones Industrial Average is down 20 points in today&#39;s early going.
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Stocks slipped on Monday as a pullback in crude oil prices weighed on energy companies, including Exxon Mobil Corp , and as caution before housing data tempered optimism from the latest takeover activity.
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Oil traded lower on Wednesday ahead  of key U.S. stocks data, which was expected to show a rise in  heating fuel supplies as mild winter temperatures suppressed  demand in the United States.
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Stocks fell on Monday, pressured by a sell-off in energy shares after oil prices dropped and as investors were cautious before comments later this week from Federal Reserve Chairman Ben Bernanke.
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Oil prices fell over a dollar on  Thursday, tumbling from a two-week high as traders took profits  after dramatic gains on Wednesday driven by renewed fears over  fuel supplies for the northern winter.
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Stocks fell on Tuesday as shares of  major oil companies tumbled after the price of crude fell more  than a $1 a barrel to a 3-month low.
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U.S. stocks looked set to open lower  on Monday as oil prices approach record levels, fueling  concerns that high energy costs are biting into corporate  profits and consumer spending.
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Crude oil prices may fall this week as companies including Royal Dutch/Shell Group restart platforms and tankers resume shipments in the Gulf of Mexico after Hurricane Ivan
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Stocks looked to open lower on Monday  as oil prices rose to their highest in nearly a month,  increasing concern about the impact on corporate profits.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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Oil prices dipped on Thursday but held near the previous day's record high above $80 a barrel, as dealers watched a hurricane in the Gulf of Mexico after a sharp fall in U.S. crude stocks.
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U.S. stocks are set to open lower on  Monday with oil prices pushing higher and Wall Street on edge  as the Republican National Convention gets underway in New York  amid heightened security concerns.
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Oil slid towards $76 on Monday, as traders waited to see if top exporter Saudi Arabia will continue to back steady OPEC supply curbs, after weak U.S. jobs data raised concerns of a recession that could hit demand.
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones industrial average dropped 138 points...
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NEW YORK - Stocks are seen opening lower Monday after the Dow Jones industrial average eased last week, including a slight gain Friday, as oil prices rose on supply concerns in the wake of Hurricane Ivan.    Dow Jones futures fell 33 points recently, while Nasdaq futures were down 7 points and S&P futures dropped 4.60 points...