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Some say oil price could tumble below $40 by the end of the year Our cartoonists take a look at soaring oil and gas prices. VIENNA, Austria - Oil prices sank Thursday to lows last seen nearly four years ago as more bleak news...
TEHRAN, Nov. 3 -- Gasoline? It's 36 cents a gallon. Laundry detergent? Fifty cents for a standard-size box. Milk? About 20 cents a quart. These prices are so low because Iran's government spends half its national budget to...
Crude drops as European rate cuts emphasize economic weakness and decline in world energy demand. Oil prices fell Thursday as concern about the economies of Europe and the United States continued to weigh on energy demand. The...
LONDON -- European stock markets rose Thursday, despite a mixed performance in Asia, as investors cheered Sweden's Riksbank massive rate cut and predicted aggressive moves later from the European Central Bank and the Bank of...
LONDON (AFP) - Oil prices sank under 44 dollars on Thursday, reaching the lowest points for almost four years as the world's biggest energy consuming nation, the United States, faces a deep recession, traders said.
TORONTO - The Toronto stock market was positive in early trading as investors responded favourably to earnings from three of the big banks while energy stocks declined as oil prices hit four-year lows...
