Oil prices rally as equities recover worldwide
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World oil prices rebounded on Thursday as global stock markets firmed, China revealed strong growth numbers and on expectations that OPEC will not increase crude output next week.
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TORONTO (CP) - A rally in the insurance sector helped take stock markets up sharply - and drove New York&#39;s blue chip index to a triple-digit runup - despite higher oil prices and a further slowdown in US consumer confidence.
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LONDON : Oil prices rebounded after plunging by over 10 percent in under two weeks on fading supply fears, as traders turned their attention to weekly estimates of US oil inventories.
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Oil prices climbed toward $47 a  barrel on Thursday after bullish fuel stocks data in the United  States and a series of production hitches across the globe  rekindled worries of a major supply disruption.
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Stocks rallied on Wednesday, ending a three-day slide, on solid demand for energy shares as oil prices jumped nearly 2 percent.
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U.S. stocks rallied on Monday, sending the Standard & Poor's 500 index to a six-year high and the Nasdaq Composite index up more than 1 percent, as corporate takeover deals and lower crude oil prices boosted investor optimism about the economy and corporate profits.
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Oil prices rebounded to above $66 a   barrel on Tuesday, with bargain-hunting traders ending a   six-day retreat after Iran sounded a softer note on its atomic   program and OPEC agreed to keep production steady for now.
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U.S. stocks rallied on Monday, with the S&P 500 index reaching a six-year high and the Nasdaq jumping more than 1 percent as lower oil prices and a wave of takeover deals boosted optimism about the economic outlook and corporate valuations.
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TORONTO (CP) - The Toronto stock market was higher Monday morning as energy stocks benefited from the world crude oil price&#39;s move above $46 US a barrel.
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World oil prices rose Thursday, one day after hitting a record high 89 dollars, as traders absorbed geopolitical tensions in the crude-rich Middle East and rising US energy reserves.
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Oil soared above $90 a barrel on Friday, lifted by a broader stock market rally as the United States confirmed an economic stimulus plan to ward off a recession in the world's top energy consumer.
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All the major stock indexes were up Friday as investors continue to react favorably to a drop in oil prices and better-than-expected economic index reports.
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LONDONâ OIL prices rebounded yesterday after falling sharply last week on receding supply worries, buoyed by jitters over this weekâs OPEC meeting and last weekendâs seizure of four flow stations in Rivers State, Nigeria by militant youths.
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Oil prices rebounded to $58 on Thursday after fuel stocks in the United States were cut by freezing weather and as buyers reemerged following a 2 percent sell-off the previous day.
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Oil prices rebounded toward $58 on Thursday after freezing weather cut fuel stocks in the world's top oil consumer, the United States and as buyers re-emerged following a 2 percent sell-off the previous day.
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NEW YORK : World oil prices rose on Wednesday as traders reacted coolly to news of a rise in US commercial energy reserves, sweating instead about an OPEC gathering in Cairo this week.
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Wall Street stocks ended higher Wednesday, boosted by a late-day rally despite the record crude oil price of more than 52 US dollars per barrel.