Commodities News » U.S.

Brownsville Herald: Oil above $35 amid grim economic news

financialkungfumaster — Sat, 02 May 2009 16:43:15 +0000

A short article by Jake Neubacher at Brownsville Herald.

Markets shrugged off a steady barrage of grim U.S. economic news to push oil prices above $35 a barrel Thursday, with a drop in the dollar encouraging investors to buy crude.

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Nikkei Slumps 4.5% as Autos Tumble (V. Phani Kumar, Barron’s)

financialkungfumaster — Wed, 01 Apr 2009 16:40:26 +0000

Here is today’s story from Barron’s on General Motors.

Asian markets tumbled Monday as risk-averse investors dumped equities on reports the Obama administration has forced the departure of General Motors Corp.’s chief executive and suggested a “quick and surgical” bankruptcy for struggling U.S. car makers.

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Boston Globe: Developing world may need $700 billion: World Bank

financialkungfumaster — Sun, 08 Mar 2009 16:36:24 +0000

From Boston Globe. Here we go again:

DAR ES SALAAM (Reuters) – Developing countries could face a financing gap of $270-$700 billion — equivalent to the latest U.S. economic rescue package — to help deal with the effects of the global crisis, the World Bank said Sunday.

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Oil settles down 1% (Reuters America)

financialkungfumaster — Fri, 27 Feb 2009 16:08:06 +0000

Reuters America covers the NEW YORK issue:

NEW YORK (Reuters) — Oil prices settled down 1% on Friday, pulled lower by U.S. data showing the economy of the world’s largest energy consumer shrank more than expected in the final three months of 2008.

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