Pablo Gorondi

Crude prices tumble following a sell-off on markets in Asia, Europe and the U.S.

NEW YORK - A global sell-off on equity markets dragged down crude prices by nearly three per cent Thursday, the first decline this week. The price for a barrel of crude dropped by more than US$1 im...

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Oil falls below $79 in European trade amid mixed signals about the global economic recovery

Oil prices slipped below US$79 a barrel Thursday amid mixed signals over the strength of the global economic recovery. By early afternoon in Europe, benchmark crude for December delivery was down 6...

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Oil creeps above $77 in European trade amid weaker dollar, doubts about US crude demand

Oil prices crept above US$77 a barrel Friday as the weaker dollar, which makes crude cheaper for international investors, offset doubts about U.S. crude demand. By early afternoon in Europe, benchm...

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Australia OKs extradition to Hungary of man accused of war crimes as Nazi collaborator

ADELAIDE, Australia - The Australian government on Thursday approved the extradition of an alleged Nazi collaborator accused by Hungary of a World War II killing. Home Affairs Minister Brendan O'Co...

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Higher Oil Prices Seen Threatening Global Recovery

International Energy Agency says global recovery could be threatened by rising oil prices By PABLO GORONDI Associated Press Writer The Associated Press 1 comment Rising oil prices could imperil a modest increase in crude demand...

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Oil settles higher as OPEC expects more demand in 2010 and China rebounds

Oil settles higher as OPEC expects more demand in 2010 and China rebounds Chris Kahn, THE ASSOCIATED PRESS NEW YORK - Oil prices ticked higher Wednesday as OPEC said the world would consume more crude in 2010 than previously...

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Oil prices settles below $78 a barrel as US unemployment rate tops 10 per cent

NEW YORK - Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 per cent for the first time since 1983. Benchmark crude for December delivery gave up US$2.19 to ...

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Oil slips on questions about demand

Oil prices slipped Thursday as investors questioned whether the U.S. would regain its appetite for petroleum. Benchmark crude for December delivery gave up 84 cents at $79.56 a barrel on the New York Mercantile Exchange. In...

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Oil slips to near US$77 in European trade as stock markets fall

Oil prices fell to near US$77 a barrel Tuesday, affected by sagging equity markets and the dollar's gains on the euro. By early afternoon in Europe, benchmark crude for December delivery was down 9...

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Prices At The Pump Taking A Breather

Prices At The Pump Taking A Breather Below $2.70 (AP) Gasoline's post-summer ascent took a breather below $2.70 a gallon Monday, as consumers begin to decide whether the money they pour into their tanks will force them to cut...

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