Performance of the US dollar, Europe's periphery issues, inflation in developing world, consumption by developed ones, and of late, tensions in Korean peninsula- a lot of things are weighing on oil. The net result in recent weeks was positive for the greenback and therefore negative for oil. Still, the commodity is set to end this week with a positive note despite losing more than a dollar from its intra-week high by Friday. So, what is the trend? Where is oil heading?
US stocks declined in early trade on Friday as fresh concerns over European debt crisis weighed on sentiment.
Rep. Charles Rangel (D-N.Y.), who has been found guilty of ethics violations, could become the congressman to be censured since 1983 if the full House of Representatives approves the punishment recommended by the congressional ethics committee.
The U.S. Department of State is working overtime sending messages to ally capitals warning the impending release of classified documents by WikiLeaks could harm relations in what is seen as a pre-emptive move of unprecedented scale to neutralize the impact of the unveiling of embarrassing and compromising details about the inner workings of the government apparatus.
It was called the “Facebook Election” when Obama won nearly 70 percent of the vote among Americans under age 25 reaching them through Facebook. Essentially, Obama won on the wave of youth support, using Facebook.
Two Americans and a Russian have landed safely in Kazakhstan in a Russian Soyuz spacecraft after ending their 5-1/2 month stay at the International Space Station.
Ford Motors, the second-biggest U.S. automaker, opened 40 dealerships in China on Thursday and plans to add another 26 by year's end.
The United States is considering abandoning the 8-year-old color coded terror alert system amid criticism from U.S. lawmakers and public protests, according to media reports.
South Korea's defense minister Kim Tae-young resigned late on Thursday as criticism mounted over the government's response to the North Korean shelling on a dispute island which killed four people.
As a new crop of freshmen legislators in the US Congress brace for spending cuts, a reduction in federal funding will significantly impact the services in the City of Philadelphia, says a report.
After nearly a 17-year long wait, Russia could finally be a member of the World Trade Organization by 2011, as it finally reached a deal with European Union, the last opposing member, on Wednesday.
Social networking site Facebook is planning to trademark the word 'face' as it wants to stop other companies from using the term in a way which damages its own brand.
Dollar, Korea, Ireland, Asian demand, inventories and technicals - a lot of things are weighing on oil now. But market participants find the question if the commodity has reached its bottom technically and on robust demand in some regions, or will a dollar rally or geopolitical developments force it break below the current range, tough to answer.
US core durable goods demand fell unexpectedly in October, recording the largest decline since March 2009.
A day after North Korea's artillery attack on the South Korean island, the U.S. decided to send the aircraft carrier George Washington and a number of accompanying ships into the region for joint exercises besides sounding China, the sole ally of Pyongyang, to restrain Pyongyang from further attacks.
Personal spending in the U.S. rose 0.4 percent in October, marking a slight uptick in households' appetite for purchases even as a holiday season is kicking in.
Futures on major U.S. stock indices extended earlier gains on Wednesday after the Department of Labor reported that weekly jobless claims fell sharply last week to the lowest level since July 2008.
U.S. home loan demand rose sharply in the week ended Nov. 19, reaching a two-year high, the Mortgage Bankers Association (MBA) said on Wednesday.
Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of a wave of economic data including durable goods orders and new home sales.
North Korea's attack on South Korean island on Wednesday is aimed at pressurizing Seoul to resume stalled nuclear talks.
Existing home sales in the U.S. dropped in October after two months of strong increases, the National Association of Realtors said in a statement.
Credit Suisse expects the S&P 500 index to trade in the 1,100 to 1,300 range, saying that most important potential source of turbulence in equity markets may be the actions of monetary policymakers.
