CRUDE OIL

Hurricane Irene's Impact on Atlantic Beach, North Carolina

U.S. on High Alert as Hurricane Irene Closes in

Hurricane Irene closed in on the east coast on Friday, lashing North Carolina with ferocious winds and triggering emergency steps including unprecedented evacuations and transit shutdowns in New York.

Brent Crude Up Slightly as Irene Barrels on

Crude Oil Futures on Track for Weekly Gain on U.S. Economic Recovery
Brent crude oil rose slightly in choppy trade on Friday as Hurricane Irene barreled toward the U.S. East Coast and traders weighed comments by U.S. Federal Reserve Chairman Ben Bernanke on the economy.
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China says ConocoPhillips to pay for Bohai oil spill

An oil spill by a subsidiary of ConocoPhillips has polluted 5,500 square kilometres of water in China's northern Bohai Bay, China's marine authorities and state media said on Friday, adding the company will have to pay for the spill.
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China urges Libya to protect investments

China on Tuesday urged Libya to protect its investments and said their oil trade benefited both countries, after a Libyan rebel warned that Chinese oil companies could lose out after the ousting of Muammar Gaddafi.
At Issue: Oil Prices

Sanders Sponsors Bill to Curb Oil Speculation

U.S. Sen. Bernie Sanders, I-Vt., says speculators have contributed to oil’s high price – hurting the U.S. economy and wreaking havoc on family budgets, and he’s proposed a bill that he believes will help stop it.
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China says it respects the will of Libyan people

China will respect the will of the Libyan people and hopes for a return to stability in the war-torn country, China's Foreign Ministry said on Monday, as Libyan rebel fighters clashed with government forces in Tripoli.
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Libya to Stay on High Risk List: Ship Insurers

There is no immediate prospect of removing Libya from a list of areas deemed high risk by London's marine insurance market, and underwriters will seek a stable period in the country before looking at a de-listing, a market official said on Monday.
ator Bernie Sanders (I-VT) is interviewed by a Reuters reporter at Sanders' office in Burlington, Vermont

U.S. Oil Speculative Data Released by Senator, Ssparking Ire

Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in 2008 were intentionally leaked by a U.S. senator, sparking broader concern about industry confidentiality as Congress moves on Wall Street reform.
New York Mercantile Exchange

Gold Sets Record, U.S. Stocks Slip

Gold set a record high on Friday on safe-haven buying but commodities rebounded after the U.S. dollar plunged to a record low against Japan's currency on speculation authorities will not halt the yen's surge.
Oil's Dip.

China's demand for W. African crude jumps -trade

China's buying of West African crude oil is set to rise about 15 percent in September from August, trade sources said on Friday, but overall Asian imports from West Africa will fall due to slower Indian demand.
Man is reflected in a window as he walks past the indicator boards at the Australian Stock Exchange in Sydney

Asian stocks slump on recession fears, gold jumps

Asian stocks tumbled as much as 4 percent on Friday on growing fears that the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
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Why Gold Hit Another Record

Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
A trader works at his screens in front of the DAX index board at Frankfurt's stock exchange

Gold at New Highs as Growth Fears Hit Markets

Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
Swiss Franc banknotes of several values lie on a table before being sorted in a money counter in a Bank in Zurich

Growth Worries Hobble Stocks; Swiss Franc Slips

European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.
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Euro and Tech Stocks Lose Ground in Asia

The euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.
Niger

Nigerian inflation falls to more than 3-year low

Nigeria's headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by the central bank.

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