Oil edges up, remains under pressure
                   
cnn.com     Jul 25, 2008            

Crude prices rise slightly in Asia as fundamental supply and demand concerns curb recent declines. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS Crude prices have fallen 15% since hitting $147 a barrel earlier in July. SINGAPORE (AP) -- Oil extended a rebound Friday, rising above $126 a barrel after several declines over the past two weeks, although the market remains weighed down by the belief that flagging fuel demand does not justify the recent high prices. Oil prices: Light, sweet crude for September delivery rose 64 cents to $126.13 a barrel in electronic trading on the New York Mercantile Exchange by early afternoon in Singapore. The contract rose $1.05 to settle at $125.49 a barrel on Thursday. Oil prices fell sharply the day before, tumbling $3.98 to settle at $124.44 a barrel,... [read full story]                    


View all news articles about*:
Bank Banking Cabinet Commodity Commonwealth Crude Department Departments Energy Executive Federal Finance Fuel Fuels Gasoline Government Insurance Investing Markets Nigeria Oil Petroleum Products Shum Singapore Utilities Victor
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies

View other selected articles:

                   

Will Casinos Snap Their Losing Streak?

businessweek.com     18 mins ago   3 related          

A tough economy and steep fuel prices are hurting Las Vegas and other casino areas. In the U.S., would-be gamblers, hit with higher gas prices and rising unemployment, are nixing their Las Vegas vacations this summer, and some...                    

comments

                   

The New Silver: Now Made with Real Paper

silverseek.com     23 mins ago   3 related          

So, from now on, if you ever want to buy some silver, MSS will sell it to you at the lowest price possible; the spot price! All you have to do is just send the money to me, in cash, in a plain brown envelope addressed to...                    

comments

Sinopec to stop importing oil for now, gas prices to rise after Olympics?

chinacartimes.com     28 mins ago          

China was once an oil exporting country, but due to massive economic growth over the past three decades, China has flipped from being an exporter to an importer, until now. Fuel stockpiles in China are reportedly enough to keep...                    

comments

Metal, Energy Shares Lead Stock Rally

nysun.com     15 mins ago          

American stocks climbed, led by energy and metals shares, after Goldman Sachs Group Inc. predicted oil will gain 29% through the end of the year and Morgan Stanley advised buying Freeport-McMoRan Copper & Gold Inc. Devon Energy...                    

comments