Oil plummets on global economic fears
CNN
Jet Fuel costs remain more than 40% above year-ago levels even as benchmark oil prices come down, leaving airlines exposed to higher fuel bills even if they have a hedging program. By Steve Hargreaves August 8, 2011: 3:05 PM ET Analysts think the oil rout may be nearing an end, especially if the Fed injects [...]
Read MoreOil Prices Plunge in Wake of S&P Downgrading
Environmenta
Economic Heartache Normally, consumers consider falling oil and gasoline prices to be good news. They have to pay less to fill up their tanks. And if the. The price of oil fell to its lowest point in over eight months after Standard & Poor's downgrading of the U.S. credit rating this weekend. Bloomberg reports that [...]
Read MoreOil Prices Bleed on European Bond Buying
TheStreet.co
Crude oil prices are at a two-and-a-half-year high, and if prices edge up further — and stay there for a period of time — this would not only be a. Gold and silver prices changed direction yesterday: after they had risen during most of August so far, they sharply declined yesterday; crude oil prices fe [...]
Read MoreOil Prices Bleed on European Bond Buying
TheStreet.co
LONDON (Commodity Online): Oil prices continue to edge lower in yesterday's trading, with September WTI loosing $1.86 to $91.93/bbl, the lowest settlement since late June following the IEA's strategic petroleum reserve release, while the equivalent Crude oil prices are at a two-and-a-half-year high, and if prices edge up further — and stay there for a [...]
Read MoreA Coalition Strike on Oil Prices
Wall Street
By Daniel Dicker, Senior Contributor 06/23/11 – 11:08 AM EDT NEW YORK (TheStreet) — Oil is tanking, down $5 today, while Brent is down more than 8 bucks — what is going on here? Two major events have led to this flight from the oil trade — first, Back during the Gulf War crisis, the [...]
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