Positive jobs data from the U.S. and Germany were not enough to keep investors bullish Thursday, as a moderate asset sell-off continued, with traders apparently squaring up their positions in anticipation of earnings season.
We want to correct the myth that there is, or could be, a shortage, Ali al-Naimi wrote, noting fears of a global oil shortage. It is an irrational fear, a fear without basis.
Gold prices slipped below $1,660 an ounce in Europe on Thursday, extending their retreat from two-week highs into a third session, as the dollar recovered from a near one-month low and crude oil prices turned lower.
Asian shares eased for a second day in a row Thursday, as investors limited their risk exposures on concerns about growth prospects in the world's two largest economies, the United States and China.
Stocks fell Wednesday as investors were disappointed by a weaker-than-expected reading on durable goods orders, while a plunge in oil prices dragged energy and material shares lower.
While the U.S. oil and natural gas industries are reaping astronomical profits now, they could increase them even more if companies weren't so wasteful, the Natural Resources Defense Council said.
British oil giant BP is expanding gas drilling in Ohio despite the continuing decline in gas prices.
France and the U.K are in talks with the U.S. to release oil from the nations' strategic oil reserves in response to rising gas prices, reports said Wednesday.
Window dressing, the practice of stock fund managers buying up top performers as the quarter ends to boost the appearance of success, failed Tuesday to lift the major indexes into positive territory.
Despite Monday's 92-4 vote, Republicans are likely to kill the bill later this week if, as expected, they're not allowed by the Senate's Democratic leadership to propose amendments.
Stocks surged Monday after Federal Reserve Chairman Ben Bernanke suggested the U.S. central bank would continue its present monetary policies and keep interest rates low, offsetting soft readings on the domestic economy.
As heads of state gathered for talks, demonstrators chanted: No nukes Asia, no nukes Korea, No nukes [America], no nukes anywhere! Many cited the disaster at power plants hit by the March 2011 earthquake and tsunami in Japan as proof of nuclear power's inherent risks.
The American Petroleum Institute launched a new ad campaign to battle against a U.S. Senate vote to eliminate oil tax breaks.
The American Petroleum Institute, the country's largest oil industry backed trade group, slammed the U.S. Senate as it readies to vote to eliminate tax breaks for oil companies.
Futures on major U.S. stock indices point to a higher opening Monday ahead of pending home sales data and a speech by Federal Reserve Chairman Ben Bernanke.
Wall Street's gains came after positive remarks on the U.S. labor market by Federal Reserve Chairman Ben Bernanke and upbeat economic data from Germany that offset a soft reading on the U.S. housing market.