Energy Markets

Crude oil closes lower Thursday

Published: Dec. 4, 2008 at 5:42 PM Quotes delayed at least 20 mins. NEW YORK, Dec. 4 (UPI) -- Crude oil prices dropped to less than $44 a barrel Thursday on the New York Mercantile Exchange, hitting its lowest closing price in...

Oil steadies below $44, at lowest in almost 4 yrs

SINGAPORE (Reuters) - Oil was steady below $44 on Friday, at its lowest in almost four years, with eyes turning to the psychologically important $40 level as a widening economic slowdown gnaws into oil demand.

4. Malaysians paying a premium for fuel

MALAYSIANS were paying RM1.52 per litre for petrol when crude oil was below US$50 per barrel 3½ years ago. Based on crude oil price at US$50 per barrel, the market price for RON 97, the most popular petrol grade sold at local...

Energy shares send TSX tumbling as oil moves closer to US$40; N.Y. also declines

TORONTO - The Toronto stock market shed more than 200 points Thursday as commodity stocks were hammered by lower metal and oil prices. The S&P/TSX composite index surrendered 239.14 points to finis...

Bernanke On Housing: 'More Needs To Be Done'

Retail, Jobless Numbers Announced POSTED: 5:15 am EST December 4, 2008 UPDATED: 2:53 pm EST December 4, 2008 Federal Reserve Chairman Ben Bernanke called on the government to ramp up efforts to stem home foreclosures that are...

Obama Goes Quiet on Big Oil Tax as Prices Drop

The plan was for a windfall-profits tax for oil over $80 a barrel. Now that it's under $50, some are upset that the issue is being dropped President-elect Barack Obama won't pursue a windfall-profit tax on oil companies because...

Average gas price falls below $1.80

AAA survey declines for 78th straight day, with gas above $2 a gallon in only 3 states. Paste this link into your favorite RSS desktop reader NEW YORK (CNNMoney.com) -- The average gas price in the United States fell below...

Poor outlooks, energy batter stocks

NEW YORK (Reuters) - Stocks fell on Thursday as a sharp decline in oil prices sent the energy sector tumbling and disappointing profit outlooks from large companies such as Merck raised the specter of a worsening economy.

Qatar inflation slows during third quarter

Dubai: Qatar's annual inflation rate eased off a record peak to 15.81 per cent in the third quarter as rent, fuel and energy costs grew more slowly, official data showed on Thursday. The rental index gained 18.85 per cent in...

Energy shares send TSX much lower as oil moves closer to US$40

TORONTO - The Toronto stock market moved sharply lower late in the afternoon as financials surrendered early gains and energy stocks were hammered as oil prices hit a fresh four-year low. Just befo...

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