Oil jumps on Iran tension
July 4th, 2012 - 9:50 am ICT by IANS
New York, July 4 (IANS) Crude oil prices rose Tuesday as rising Iran tension caused supply fears, Xinhua reported.Iran has again threatened to block a critical shipping route in response ... Read more...
Posted in Business |
Oil edges up
June 6th, 2012 - 7:26 am ICT by IANS
New York, June 6 (IANS) Crude oil prices edged up after seesawing Tuesday as US service sector data came in supportive, but weak European data deepened demand concerns.The Institute for ... Read more...
Posted in Business |
Oil tumbles on weak US jobs report
June 2nd, 2012 - 4:51 am ICT by IANS
New York, June 2 (IANS) Crude prices tumbled Friday as weak US jobs report for May, weak manufacturing data from China, and a spiralling euro zone debt crisis deepened worries ... Read more...
Posted in Business |
Oil rebounds ahead of Iran talks
May 22nd, 2012 - 8:51 am ICT by IANS
New York, May 22 (IANS) US crude prices rebounded Monday after six straight days of declines ahead of another round of Iran nuclear talks May 23.The head of the International ... Read more...
Posted in Business |
US oil price edges up
April 25th, 2012 - 3:59 am ICT by IANS
New York, April 25 (IANS) The US crude oil price edged up Tuesday as market sentiment rose due to solid corporate earnings.A weakening dollar, which dipped about 0.2 percent against ... Read more...
Posted in Business |
Wall Street fall on European concerns (Lead)
April 24th, 2012 - 9:55 am ICT by IANS
New York, April 24 (IANS) US stocks slipped Monday as investors were concerned about new developments in Europe's debt crisis and political turmoil.The European PMI data declined to 47.4 in ... Read more...
Posted in Business |
Oil inches up on positive data
March 31st, 2012 - 8:53 am ICT by IANS
New York, March 31 (IANS) US crude oil price inched up Friday as US consumer sentiment witnessed a boost and the dollar dropped to a one-month low against the ... Read more...
Posted in Business |
Oil prices slide
March 30th, 2012 - 5:06 am ICT by IANS
New York, March 30 (IANS) Crude oil prices plunged Thursday amid rising expectations that the US and Europe will release strategic reserves.Following the US and Britain, France said Wednesday that ... Read more...
Posted in Business |
Oil rises on positive data
March 14th, 2012 - 8:08 am ICT by IANS
New York, March 14 (IANS) Crude prices rose Tuesday as retail data came in positive and the Federal Reserve described the US economy as "expanding moderately".The Commerce Department said US ... Read more...
Posted in Business |
US stocks flat as Europe debt fears linger (Lead)
February 28th, 2012 - 7:58 am ICT by IANS
New York, Feb 28 (IANS) US stocks ended flat Monday as positive US housing sales data offset the lingering European debt concerns, Xinhua reported.The Dow Jones industrial average was trading ... Read more...
Posted in Business |
Oil prices rise
February 25th, 2012 - 2:58 pm ICT by IANS
New York, Feb 25 (IANS) Crude oil prices rose Friday after a confidential report of the UN nuclear watchdog showed expansion of Iran's uranium enrichment program.The International Atomic Energy Agency ... Read more...
Posted in Business |
US stocks edge higher on Greece hopes (Lead)
February 9th, 2012 - 8:05 am ICT by IANS
New York, Feb 9 (IANS) US stocks edged higher Wednesday as investors were still hoping the debt talks in Greece will be resolved, Xinhua reported.Despite the hopes, some investors were ... Read more...
Posted in Business |
Oil rises on positive US jobs data
February 4th, 2012 - 5:28 pm ICT by IANS
New York, Feb 4 (IANS) Crude oil prices rose as the US jobs data for January came in better than expected, Xinhua reported.The Labor Department reported that US non-farm jobs ... Read more...
Posted in Business |
Sanctions will push up oil prices: Iran
January 25th, 2012 - 3:44 am ICT by IANS
Tehran, Jan 25 (IANS) The European Union's (EU) oil embargo against Iran will push oil prices higher and undermine the world economy, Tehran warned Tuesday.The EU has used oil as ... Read more...
Posted in Business |
Wall Street edges higher ahead of new season (Lead)
January 10th, 2012 - 7:35 am ICT by IANS
New York, Jan 10 (IANS) US stocks edged moderately higher Monday as investors awaited the beginning of a new earnings season, Xinhua reported.As of Monday's close, the Dow Jones industrial ... Read more...
Posted in Uncategorized |
Wall Street flat as investors weigh US data, Europe
January 5th, 2012 - 3:26 pm ICT by IANS
New York, Jan 5 (IANS) US stocks ended flat Wednesday after major indexes rallied on the first trading day of the New Year, as the market was still teetering between ... Read more...
Posted in Business |
US stocks stay low for straight day
December 15th, 2011 - 9:02 am ICT by IANS
New York, Dec 15 (IANS) US stocks ended lower for the third straight day Wednesday amid euro zone concerns and data, Xinhua reported.On economic front, the US labor department said ... Read more...
Posted in Business |
US stocks turn into positive territory
November 12th, 2011 - 9:58 am ICT by IANS
New York, Nov 12 (IANS) US stocks turn positive Friday amid signs of stabilization in European debt and better-than- expected data, with all three major indexes turning positive, Xinhua reported.Italy's ... Read more...
Posted in Business |
Wall Street ends worst quarter
October 1st, 2011 - 9:16 am ICT by IANS
New York, Oct 1 (IANS) US stocks tumbled Friday, ending the worst quarter in three years, as investors found few reasons to buy in the market amid gloomy economic outlook ... Read more...
Posted in Business |
Wall Street rises despite Euro zone concerns
September 14th, 2011 - 8:52 am ICT by IANS
New York, Sep 14 (IANS) US stocks rose Tuesday even though investors were concerned about the euro zone crisis, Xinhua reported.The news that China might buy Italian bonds helped encourage ... Read more...
Posted in Business |
Oil slips after choppy trade on bin Laden’s death
May 3rd, 2011 - 3:29 am ICT by IANS
New York, May 3 (IANS) Crude oil prices Monday edged down after choppy trade triggered by the news that terror mastermind Osama bin Laden was killed by US forces, ... Read more...
Posted in Business |
Oil plummets on US negative credit outlook
April 19th, 2011 - 3:31 am ICT by IANS
New York, April 19 (IANS) US crude oil price dropped sharply Monday after Saudi Arabia reported a drop in its oil output in March and Standard & Poor's (S&P;) cut ... Read more...
Posted in Business |
Oil soar on Libya violence
April 1st, 2011 - 3:31 am ICT by IANS
New York, April 1 (IANS) Crude oil prices Thursday settled near $107 a barrel after Libyan leader Muammar Gaddafi's troops recaptured the oil producing towns of Ras Lanuf and Brega ... Read more...
Posted in Business |
US crude oil crosses $100 mark
March 18th, 2011 - 5:11 am ICT by IANS
New York, March 18 (IANS) US crude oil price rebounded sharply Thursday as supply concerns and higher demand expectations lifted the market, Xinhua reported.Light, sweet crude for April delivery gained ... Read more...
Posted in Business |
Petrol, aviation fuel prices to be hiked from midnight (Lead)
January 15th, 2011 - 10:11 pm ICT by IANS
New Delhi, Jan 15 (IANS) Even as the government is battling inflation on several fronts, state oil companies announced an increase of about four and two percent, respectively, in the prices of ... Read more...
Posted in Business |
Oil tops $79 mark amid supply concerns
December 29th, 2009 - 5:57 am ICT by IANS
New York, Dec 29 (IANS) Oil prices topped $79 a barrel Monday as investors eye a drop in fuel supplies in a cold winter.
Light, sweet crude for February delivery settled at $78.77 ... Read more...
Posted in Business |
Oil price falls on unexpected US consumer confidence drop
August 15th, 2009 - 3:58 am ICT by IANS
New York, Aug 15 (Xinhua) Oil prices tumbled nearly 5 percent Friday as US consumer confidence fell unexpectedly in August.
Oil's losses came after the Reuters/University of Michigan said that the consumer sentiment ... Read more...
Posted in Business |
Oil prices rise over better housing data
July 24th, 2009 - 4:46 am ICT by IANS
New York, July 24 (Xinhua) The oil prices ended above $67 a barrel Thursday after data showed existing home sales jumped for the third straight month in June.
Light, sweet crude for September ... Read more...
Posted in Business |
Crude oil settles above $52 on economic data
April 10th, 2009 - 4:53 am ICT by IANS
New York, April 10 (Xinhua) Crude oil prices jumped nearly six percent to close above $52 Thursday, as better-than-expected retail and unemployment reports offset the increase in natural gas inventories.
Light, sweet crude ... Read more...
Posted in Business |
Oil bounces back to settle above $47 a barrel
March 13th, 2009 - 3:37 am ICT by IANS
Xinhua
New York, March 13 (Xinhua) Crude oil prices Thursday jumped more than 11 percent to settle at $47.03 a barrel on a better-than-expected US retail sales data and the upcoming meeting of ... Read more...
Posted in World |
Oil plunges to $40 on disappointing OPEC cut
December 18th, 2008 - 5:26 am ICT by IANS
New York, Dec 18 (Xinhua) Crude oil tumbled more than eight percent Wednesday as an OPEC production cut failed to boost the bearish market sentiment over slumping demand. Light, sweet crude for ... Read more...
Posted in Business |
Oil rebounds seven percent on Obama’s spending plan
December 9th, 2008 - 5:25 am ICT by IANS
New York, Dec 9 (Xinhua) Crude oil recovered from last week's losses and rallied above $43 a barrel Monday after president-elect Barack Obama announced public works spending plan to revive the economy. ... Read more...
Posted in Business |