new york mercantile

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 |

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 |

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 |

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 |

Crude oil prices now steady after major drop


June 24th, 2011 - 10:13 pm ICT by Aishwarya Bhatt
Washington, June 24 (THAINDIAN NEWS) Price of crude oil has now steadied after a major price drop. In fact the drop was so drastic that the IEA was forced to call in ... 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 |

Sensex ends 1.46 percent up as oil falls to two-week low (Roundup)


March 14th, 2011 - 7:17 pm ICT by IANS
Mumbai, March 14 (IANS) A benchmark index for Indian equities markets advanced 1.46 percent Monday, led by good buying support in energy and metal stocks, as crude oil ... Read more...

Posted in Business |

Oil hits $100 mark


February 24th, 2011 - 6:22 am ICT by IANS
New York, Feb 24 (IANS) US crude oil price crossed $100 a barrel Wednesday, hitting the triple digits for the first time since October 2008, as violence in Libya caused anxiety in ... Read more...

Posted in Business |

Oil Plummets Below US $77 In Asia As Apprehensions Diminish Over The Monstrosity Of The Tropical Storm, Alex


June 29th, 2010 - 7:11 pm ICT by Pen Men At Work
June 29, 2010 (Pen Men at Work): Oil prices plummeted below $77 a barrel on Tuesday in Asia. This plummeting occurred as signals emerged that the tropical storm, Alex, will, in ... Read more...

Posted in Business |

Stock Markets Witness Crude Benchmark Settle Down At $77


May 7th, 2010 - 7:09 pm ICT by GD
By Ranjan Bhaduri New York, May 7 (THAINDIAN NEWS) The Stock markets witnessed a heavy session of chaos on Thursday which had the crude oil benchmark falling down steep by $2.86 only to ... Read more...

Posted in Business |

Crude prices rise as US home sales surge


April 24th, 2010 - 8:06 am ICT by IANS
New York, April 24 (IANS) Crude prices rose above $85 per barrel Friday as strong sales of new homes in the US boosted investor confidence about an economic recovery. The Commerce Department said ... 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 |

Wall Street rises, bolstered by financial, energy stocks


May 29th, 2009 - 4:13 am ICT by IANS
New York, May 29 (Xinhua) The Wall Street closed higher Thursday, led by energy and banking shares. J.P. Morgan Chase & Co. and American Express Co. led gains in the Dow Jones Industrial ... 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 |

Crude futures rebound as US stocks rally


February 25th, 2009 - 4:29 am ICT by IANS
New York, Feb 25 (Xinhua) Crude oil prices rose Tuesday despite dim economic data as US stocks rallied from a 12-year low. A report from the Standard & Poor's Case-Shiller showed home prices ... Read more...

Posted in Uncategorized |

Crude prices jump after US House approves stimulus plan


February 14th, 2009 - 4:49 am ICT by IANS
New York, Feb 13 (Xinhua) Crude prices jumped Friday after the US House of Representatives approved the $787-billion economic stimulus package. The package, which was approved without Republican support, includes more than $37.5 ... Read more...

Posted in World |

Oil prices tumble as Americans cut spending


February 3rd, 2009 - 5:26 am ICT by IANS
New York, Feb 3 (Xinhua) Oil prices tumbled Monday as Americans cut spending amid grim economic environment.According to a US government report, consumer spending fell for a record sixth straight month in ... Read more...

Posted in World |

Crude oil prices plunge on weak US economic data


January 28th, 2009 - 5:21 am ICT by IANS
New York, Jan 28 (Xinhua) Crude oil prices plunged nine percent Tuesday as weak US economic data raised investors' concerns on energy demand.US consumer confidence dropped to a record low in January, ... Read more...

Posted in Business |

« Previous Entries

Subscribe